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Franco-Nevada (FNV)
NYSE:FNV
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
0.76Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: 10.03%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in 2024 with significant acquisitions and record gold prices contributing to positive results. However, challenges such as the absence of Cobre Panama's contribution, volatile commodity prices, and future declines in certain assets posed concerns. The overall sentiment is balanced with a slight positive tilt due to the strong financial outcomes and strategic acquisitions.Company Guidance
In the recent conference call, Franco-Nevada provided several key metrics regarding their 2024 performance and 2025 guidance. The company reported 463,334 gold equivalent ounces (GEOs) sold for 2024, achieving the top end of their revised guidance range of 445,000 to 465,000 GEOs. Revenue for Q4 2024 increased by 5.8% year-over-year to $321 million, with adjusted EBITDA rising by 9% to $277.4 million. Notably, the company executed over $1.3 billion in acquisitions and commitments, including significant investments in gold stream and royalty agreements. For 2025, Franco-Nevada is guiding total GEO sales between 465,000 to 525,000, representing a 7% increase over 2024, using a gold price assumption of $2,800 per ounce. The company also highlighted that its cash costs per GEO decreased to $278 in 2024 from $286 in 2023, maintaining strong margins. Additionally, Franco-Nevada emphasized its robust financial position, with total available capital of $2.4 billion, including a $1 billion credit facility, and announced an 18th consecutive annual dividend increase.Strong Fourth Quarter and Year-End Results
Franco-Nevada ended the year with a strong fourth quarter, surpassing revenue and adjusted EBITDA from Q4 2023. The company achieved top-end GEO sales within their revised guidance range and benefited from high gold prices.
Successful Acquisitions and Business Development
In 2024, Franco-Nevada made over $1.3 billion in acquisitions, including investments in Cascabel, Yanacocha, and Sibanye’s Western Limb PGM operations. These additions have the potential to add 85,000 to 95,000 GEOs annually.
Record Gold and Silver Prices
Gold prices increased by 34.7% in Q4 and 22.9% for the year. Silver prices also saw significant increases, contributing to higher revenue.
Increased Dividends
Franco-Nevada increased dividends for the 18th consecutive time in January 2025, with cumulative dividends since IPO exceeding $2.5 billion.
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FNV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $142.91 | $143.24 | +0.23% |
| Nov 06, 2024 | $131.45 | $125.71 | -4.37% |
| Aug 13, 2024 | $123.91 | $115.96 | -6.42% |
| May 01, 2024 | $120.43 | $119.52 | -0.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franco-Nevada (FNV) report earnings?
Franco-Nevada (FNV) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Franco-Nevada (FNV) earnings time?
Franco-Nevada (FNV) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNV EPS forecast?
FNV EPS forecast for the fiscal quarter 2025 (Q1) is 0.95.
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