Wheaton Precious Metals (WPM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.85

Last Year’s EPS

0.87

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call communicated a strongly positive financial and operational quarter highlighted by record revenue, earnings, and operating cash flow, meaningful production growth, and a transformational Antamina transaction that expands silver exposure and supports long-term organic growth. The company also expanded its geographic footprint (first Australian stream) and continued disciplined capital deployment. Offsetting considerations include a continued build in produced-but-not-yet-delivered inventory, significant near-term cash outflows and financing activity related to the Antamina acquisition, short-term operational interruptions and maintenance at select mines, and reliance on successful ramp-ups later in the year. Overall, the positives—robust cash generation, record metrics, strategic high-quality portfolio additions, and a clear growth trajectory—outweigh the manageable near-term challenges.

Company Guidance

Guidance for 2026 targets attributable production of 860,000–940,000 GEOs (Q1 production was 212,000 GEOs, +22% YoY; Q1 sales 182,000 GEOs) with production weighted ~45% H1 / 55% H2; PBND was ~184,000 GEOs (2.8 months) and is expected to remain ~2.5–3.5 months. Management reiterates industry‑leading organic growth of ~50% to ~1.2 million GEOs by 2030 (and ~1.2M pa on average in 2031–2035). Financially, Q1 delivered record results (revenue +92% YoY, average realized GEO price +98% YoY), net earnings $582M / adjusted net earnings $583M, operating cash flow $766M (+812% YoY), cash inflows $1.0B and cash balance $2.2B at March 31. Major cash items include $90M of upfront stream payments in Q1, $323M proceeds from monetizations ($150M gain), the $4.3B Antamina upfront funded Apr 1 (cash + draw on $2.0B RCF + $1.5B term loan) leaving pro forma net debt ~$2.1B (~0.7x annualized Q1 EBITDA) with implied finance costs ~5% (≈$30M range), a June global minimum tax cash outlay of ~$150M, Q2 total disbursements ~ $4.6B (Antamina + dividends), and the remainder of 2026 development funding ~ $200M; Antamina combined depletion is expected to be ~$26–27/oz.

Record Revenue, Earnings and Cash Flow

Company reported record quarterly revenue (up 92% year-over-year), net earnings of $582 million (up 129% YoY), adjusted net earnings of $583 million (up 132% YoY), and operating cash flow of $766 million (up 812% YoY).

Strong Production Growth

Total production of 212,000 GEOs in Q1, a 22% increase year-over-year, driven primarily by Salobo and Peñasquito outperformance.

Major Strategic Transaction — Antamina Stream with BHP

Closed largest transaction in company history: Antamina silver stream with BHP with a $4.3 billion upfront payment (effective April 1). The deal materially increases exposure to high-quality silver production and is expected to meaningfully lift attributable silver production starting in 2026.

Record Liquidity and Proactive Financing

Generated a record $1.0 billion net cash inflow in the quarter, ending March 31 with $2.2 billion in cash. Funded the Antamina upfront payment using cash on hand, a draw on a $2.0 billion revolving credit facility and a new $1.5 billion term loan; pro forma net debt is $2.1 billion with an implied leverage of ~0.7x based on annualized Q1 EBITDA.

Monetizations and Redeployments

Monetized part of long-term investments for $323 million in proceeds and recorded a $150 million gain, redeploying capital to core streaming business to support Antamina funding and other growth.

Portfolio and Geographic Expansion

Completed Jervois stream with KGL (first stream in Australia) and acquired a 1.5% NSR on Spanish Mountain (BC) for $55 million staged—expanding geographic reach and diversification of counterparty base.

High-Quality Silver and Gold Asset Performance

Antamina produced 1.6 million attributable ounces of silver in Q1 (up ~48% YoY); Peñasquito produced 2.6 million attributable ounces of silver (up ~46% YoY).

Clear Growth Guidance and Organic Growth Profile

2026 attributable production guidance unchanged at 860,000–940,000 GEOs; company reiterates industry-leading organic growth profile of ~50% by 2030, targeting ~1.2 million GEOs by 2030.

Wheaton Precious Metals (TSE:WPM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:WPM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2026	2026 (Q2)	1.85 / -	0.865	―	―	―
May 07, 2026	2026 (Q1)	1.70 / 1.76	0.759	132.07% (+1.00)
Mar 12, 2026	2025 (Q4)	1.51 / 1.68	0.602	179.00% (+1.08)
Nov 06, 2025	2025 (Q3)	0.81 / 0.85	0.462	83.93% (+0.39)
Aug 07, 2025	2025 (Q2)	0.80 / 0.87	0.453	91.19% (+0.41)
May 08, 2025	2025 (Q1)	0.71 / 0.76	0.497	52.91% (+0.26)
Mar 13, 2025	2024 (Q4)	0.59 / 0.60	0.499	20.66% (+0.10)
Nov 07, 2024	2024 (Q3)	0.46 / 0.46	0.369	25.37% (+0.09)
Aug 07, 2024	2024 (Q2)	0.41 / 0.45	0.432	4.78% (+0.02)
May 09, 2024	2024 (Q1)	0.42 / 0.50	0.316	56.96% (+0.18)

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

TSE:WPM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2026	C$179.63	C$189.94	+5.74%
Mar 12, 2026	C$198.53	C$191.83	-3.38%
Nov 06, 2025	C$135.92	C$135.56	-0.26%
Aug 07, 2025	C$136.51	C$137.88	+1.00%

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.