TMC the metals company Inc. (TMC)
NASDAQ:TMC
Want to see TMC full AI Analyst Report?
Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.2Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights multiple major development milestones: a binding production agreement with Allseas (including partner funding), NOAA compliance of the consolidated application, a clear engineering and commissioning timeline (late 2027), robust economic studies (PFS/initial assessment NPVs and declared reserve), improving near-term cash flow metrics and strategic onshore processing plans. Offsetting these positives are persistent net losses, materially higher G&A and exploration expenses driven by share-based compensation, sizable payables to Allseas to be equity-settled (dilution risk), reliance on government support for large onshore capex, regulatory timing uncertainty from required public comment/EIS steps, and technical/operational complexity. On balance the call presents meaningful commercial progress and financing/partnership momentum while leaving execution, regulatory and cost-control risks to be managed.Company Guidance
Production Agreement with Allseas
Signed May 11 to complete, commission and operate the first commercial polymetallic nodule collection system; Allseas to fund a significant portion of preproduction costs (repayable after production) and bring 40+ years deepwater engineering experience; integration and commissioning planned to begin late 2027.
NOAA Application Determined in Full Compliance
NOAA determined TMC's consolidated application is in full compliance with the Deep Seabed Hard Mineral Resources Act, triggering expected posting to the Federal Register, public comment periods, EIS process and management expectation of a commercial recovery permit in Q1 2027 (subject to remaining regulatory steps).
Engineering and Operational Progress
Concept and basic engineering for key packages (riser, lounge recovery, umbilical, vessel integration) substantially complete; procurement/subcontracting to commence and program on track for integration and commissioning in late 2027; system designed for continuous offshore nodule collection and scalable future optimization.
Strong Economic Studies and Declared Reserve
PFS NPV of $5.5B and initial assessment NPV of $18.1B (combined $23.6B); studies indicate ~ $369B undiscounted revenue and > $200B EBITDA across life of projects; PFS declared the world's first reserve for a nodule project and places the project in the first quartile of the nickel cost curve.
Liquidity Position and Cash Flow Improvement
Reported liquidity of $164M as of March 31, 2026 (includes $44M available under undrawn credit); net cash used in operating activities improved to $0.6M in Q1 2026 from $9.3M in Q1 2025 (≈93.5% improvement when measured on absolute cash outflow), and free cash flow improved to negative $0.6M vs negative $9.4M prior (≈93.6% improvement).
Strategic Onshore and Processing Partnerships
Exclusive right to negotiate with Port of Brownsville for ~1,466 acres (pre-feasibility underway for a potential 12 million tonne per annum industrial park); strategic partnership with Mariana Minerals to accelerate feasibility and integrate advanced process controls, automation and AI for processing/refining.
TMCR Listing and Asset Appreciation
The Metals Royalty Company (TMCR) began trading on NASDAQ; TMCR market capitalization ~ $0.75B implying TMC's 25% stake value near $200M; TMC retains repurchase rights on royalty interests and TMCR announced further royalty interests (e.g., Mesabi Metallics).
TMC 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
TMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $5.71 | $5.42 | -5.08% |
Mar 27, 2026 | $4.61 | $4.27 | -7.38% |
Nov 13, 2025 | $5.17 | $5.08 | -1.74% |
Aug 14, 2025 | $5.41 | $4.92 | -9.06% |
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 TMC the metals company Inc. (TMC) report earnings?
TMC the metals company Inc. (TMC) is schdueled to report earning on Aug 17, 2026, After Close (Confirmed).
What is TMC the metals company Inc. (TMC) earnings time?
TMC the metals company Inc. (TMC) earnings time is at Aug 17, 2026, After Close (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 TMC EPS forecast?
TMC EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.
