Altius Minerals Corp (TSE:ALS)
TSX:ALS
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.18Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized clear positive momentum: accelerating electricity royalty revenues with a deep GBR pipeline, a materially strengthened lithium position that benefits from a rapid (~+100%) price rebound, solid adjusted EBITDA ($20M), and a strong liquidity position (~$350M). Management signaled active capital deployment plans (particularly in electricity royalties), opportunistic shareholder returns (dividend and NCIB activity) and multiple multi-year upside scenarios (ancillary milestone payments and lithium development expansions). Offsetting these positives were near-term impacts from one-time LRC post-closing fees, higher taxes and working capital pressures that constrained operating cash flow and kept reported net earnings modest ($2.6M). Ancillary revenue upside is attractive but episodic and uncertain. Overall, the positives (portfolio growth drivers, liquidity, and rising commodity dynamics) outweigh the short-term expenses and execution risks.Company Guidance
Q1 Financial Results — Revenue and Profitability
Reported Q1 net earnings of $2.6 million ($0.05 per share), royalty revenue of $27 million and adjusted EBITDA of $20 million. Adjusted net earnings were $0.11 per share, higher than Q1 2025, driven by higher realized commodity prices, timing of copper stream deliveries and increased electricity royalty revenue.
Strong Liquidity Position
Total liquidity available is approximately $350 million, which includes cash on hand, $125 million available under the revolver and an additional $62.5 million accordion feature subject to credit facility criteria.
Lithium Portfolio — Acquisition and Market Tailwinds
Completed acquisition of Lithium Royalty Corp (LRC) on March 6 for 9.6 million Altius shares plus $140 million cash. Lithium prices have doubled (~+100%) since the acquisition announcement; 4 operating lithium royalties (Tres Quebradas, Mariana, Goulamina, Grota do Cirilo) are contributing revenue, operators are pursuing Phase 2 expansions, Finniss is financed to restart later in the year and Neves has begun construction contracting. Company updated a 5-year lithium royalty revenue illustration with meaningful upward revisions.
Electricity Royalties — GBR/ARR Momentum and Pipeline
Altius holds an effective 29% interest in Great Bay Royalties (GBR) via ARR. Quarterly electricity royalty revenue is accelerating with a new 5-year forward revenue illustration showing continued runway. GBR expects 2026 to be significant for new royalty deployment, has 5 projects under construction and a strong late-stage pipeline. Management intends to recycle incoming cash into further deployments rather than distributing it.
Ancillary Revenue Opportunities at GBR
GBR innovations (developer equity hybrids, milestone-based share of project sale proceeds and interconnection deposit financing) could generate material cash: management estimates up to ~$100 million in milestone payments over the next 3–4 years. Interconnection deposit program also creates fee-based cash flows.
Shareholder Returns and Capital Management
Board approved quarterly dividend of $0.10 per share (record May 29; payable June 15). NCIB repurchased ~227,000 shares for $9.9 million in the quarter; company paid $5.2 million in cash dividends and issued ~8,000 DRIP shares. Management reiterated opportunistic approach to buybacks/dividends.
Portfolio Diversification and Growth Drivers
Management highlighted multiple growth drivers across electricity, lithium, potash and base metals (e.g., projects coming on stream such as Curipamba, Voisey’s Bay expansion potential). They see broad, multi-decade optionality from long-lived royalty assets and expect growth across the portfolio.
TSE:ALS 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
TSE:ALS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | C$57.03 | C$56.45 | -1.01% |
Mar 10, 2026 | C$45.57 | C$46.07 | +1.09% |
Nov 11, 2025 | C$38.81 | C$42.20 | +8.73% |
Aug 11, 2025 | C$29.97 | C$29.02 | -3.17% |
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 Altius Minerals Corp (TSE:ALS) report earnings?
Altius Minerals Corp (TSE:ALS) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Altius Minerals Corp (TSE:ALS) earnings time?
Altius Minerals Corp (TSE:ALS) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:ALS EPS forecast?
TSE:ALS EPS forecast for the fiscal quarter 2026 (Q2) is 0.18.