Endeavour Mining Ord (DE:6E2)
FRANKFURT:6E2
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.33Last Year’s EPS
0.63Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall: management reported a record financial quarter driven by a materially higher realized gold price, robust adjusted EBITDA and record free cash flow that converted into a rapid de‑leveraging to a net cash position. The company validated a transformational organic growth project (Assafou) with excellent DFS metrics, expanded exploration investment and reinforced shareholder return commitments. Key negatives were higher quarter AISC (largely royalty and energy related), working capital and tax timing impacts, a fatal safety incident, and execution risks tied to resettlement/road diversion and pre‑stripping at Assafou. On balance the operational discipline, cash generation and high‑value pipeline outweigh the transitional cost and timing headwinds.Company Guidance
Record Free Cash Flow and Cash Conversion
Free cash flow reached a record $613 million in Q1 2026 (equivalent to $2,176/oz), up 29% quarter-over-quarter, driven by higher realized gold prices and strong conversion of margin into cash.
Transformational Balance Sheet Improvement
Net debt moved from $158 million (net debt) at the end of the prior quarter to a net cash position of $405 million, a $563 million swing in three months, providing financial flexibility for growth and returns.
Strong Earnings and Margin Expansion
Adjusted EBITDA hit a record $880 million, up 29% quarter-over-quarter, with adjusted EBITDA margin expanding to 65% (up ~12 percentage points). Adjusted net earnings were $442 million (or $1.53 per share), up ~64–65% versus Q4.
Significantly Higher Realized Gold Price
Realized gold price rose by $937/oz to $4,810/oz in Q1 (≈+24% vs prior quarter), materially underpinning revenue, margins and cash generation.
Assafou DFS Validates High-Value Growth Project
Assafou definitive feasibility study shows after-tax value >$5 billion at $4,000/oz and an IRR of 55%; project expected to produce ~320,000 oz/year at an AISC of $1,026/oz over the first 8 years (16-year life), with FID targeted before year-end and early works already underway.
Increased Shareholder Returns Commitment
Management reaffirmed a $1 billion minimum returns commitment for 2026–2028, and at prevailing gold prices indicated potential to more than double that minimum; supplemental dividend planned in H1 and opportunistic share buybacks underway (YTD buybacks ~$54 million; $27 million reported in Q1).
Expanded Exploration and New Ventures
Exploration budget increased to $100 million for 2026 with prioritized near‑mine drilling (Vindaloo Deeps maiden resource expected H1), and a $20 million strategic investment in Altair (9.9%) to access Guyana Shield ground, expanding the Tier-1 province footprint.
Strong ESG and Host-Country Contributions
Delivered $2.8 billion to host economies in 2025 (six-year total $12.9 billion); gained Extractive Industries Transparency Initiative membership and an ISS rating upgrade into top 10% of the sector.
DE:6E2 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
DE:6E2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | €47.54 | €48.20 | +1.39% |
Mar 05, 2026 | €55.27 | €54.24 | -1.87% |
Nov 13, 2025 | €36.23 | €37.00 | +2.13% |
Jul 31, 2025 | €26.88 | €25.54 | -4.98% |
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.
FAQ
When does Endeavour Mining Ord (DE:6E2) report earnings?
Endeavour Mining Ord (DE:6E2) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Endeavour Mining Ord (DE:6E2) earnings time?
Endeavour Mining Ord (DE:6E2) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Endeavour Mining Ord stock?
The P/E ratio of Endeavour Mining is N/A.
What is DE:6E2 EPS forecast?
DE:6E2 EPS forecast for the fiscal quarter 2026 (Q2) is 1.33.