NYSE$TECK

Teck Resources Ltd · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Teck Resources Ltd reported strong Q2 2026 earnings with revenue of CAD 3.605 billion, driven by higher copper production and prices.

Teck delivered robust financial performance in Q2 2026 with Adjusted EBITDA reaching CAD 2.193 billion, up significantly year-over-year due to record copper prices and increased production volumes. Profit attributable to shareholders was CAD 854 million or CAD 1.74 per share. Cash flow from operations was CAD 1.718 billion, strengthening the company's net cash position.

  • Adjusted EBITDA of CAD 2.193 billion, 204% higher than Q2 2025, supported by strong copper segment performance.
  • Copper production rose 25% to 135,900 tonnes with QB operations showing continued stability.
  • Adjusted profit attributable to shareholders CAD 948 million or CAD 1.93 per share.
  • Liquidity at CAD 10.3 billion including CAD 6.1 billion in cash as of June 30, 2026.

Headline financials

Total Revenue

C$2.56B

No prior period
EPS (adj)

C$1.93

No prior period
Adjusted EBITDA

C$2.19B

No prior period
Liquidity

C$10.3B

No prior period
Free Cash Flow

C$1.22B

No prior period
Net Income

C$607M

No prior period
Operating Income

C$1.04B

No prior period
Gross Profit

C$1.19B

No prior period
Cash & Equivalents

C$4.33B

No prior period

Revenue & EPS history

Teck · Revenue · Quarterly

C$2.56B

Q2 2026
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Forward guidance

No changes to previously disclosed 2026 guidance; Q3 Red Dog zinc sales expected 220,000-270,000 tonnes.

Tailwinds

  • Merger with Anglo American progressing with expected synergies.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.2%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-0.7%

Avg return

30 days after

19%

11 / 58 earnings

Positive

+19.3%

Q1 2016

Best reaction

-13.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+2.5%-7.4%+3.2%
Q4 2026-0.1%-2.4%+5.8%
Q4 2024+0.0%-4.9%-2.9%
Q3 2023-11.5%-7.0%-6.4%
Q2 2023+5.5%+2.9%-5.1%
Q1 2023+0.0%+3.0%+5.9%
Q4 2022+0.0%-5.9%-11.8%
Q3 2022+0.0%-12.3%-5.0%
Q2 2022+0.0%+7.2%+37.4%
Q1 2022+7.3%+12.2%+22.9%
Q4 2021+0.0%+5.3%-9.6%
Q3 2021+2.3%+1.8%-7.7%
Q2 2021+0.0%+0.0%+14.5%
Q1 2021+3.5%-4.1%+10.2%
Q4 2020+0.0%+11.2%-2.1%
Q3 2020-5.7%-1.6%+16.6%
Q2 2020+0.0%+0.1%+4.7%
Q1 2020-7.2%-1.3%+26.4%
Q4 2019-13.9%-20.3%-44.8%
Q3 2019+0.0%+0.5%-6.9%
Q2 2019+0.0%-7.7%-28.9%
Q1 2019+0.0%-3.8%-20.3%
Q4 2018+0.0%-5.0%-5.4%
Q3 2018-13.2%-6.3%-1.8%
Q2 2018+0.0%+4.1%-8.6%
Q1 2018-4.1%-4.4%+7.0%
Q4 2017-2.4%+0.4%-7.7%
Q3 2017+1.4%-10.7%+2.6%
Q2 2017+0.0%+1.1%-6.2%
Q1 2017-3.5%-5.6%-15.5%
Q4 2016-10.6%-14.9%-15.6%
Q3 2016+0.0%+3.0%+22.2%
Q2 2016+10.6%+6.4%+11.2%
Q1 2016+19.3%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014+0.0%
Q3 2014+0.0%
Q2 2014+10.8%
Q1 2014+0.0%
Q4 2013-2.2%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013-8.1%
Q4 2012+5.9%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2011+0.0%
Q2 2011+1.6%
Q1 2011-0.4%
Q4 2010+0.0%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%

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