Lithium Argentina AG (TSE:LAR)
NYSE:LAR
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Earnings Data
Report Date
Aug 18, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.21Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely positive: operations at Cauchari-Olaroz are performing strongly with high capacity utilization, substantially improved realized prices, falling operating costs and a large QoQ increase in adjusted EBITDA driving strong cash generation and distributions. Growth prospects (Stage 2 and PPG) are advancing with technical and permitting milestones in progress and management plans to fund expansion with project cash flow and low-cost debt while minimizing dilution. Main negatives are still-present revenue-side deductions (taxes, royalties, VAT-related discounts), rising cash taxes over time, and timing/permit and execution risks for larger expansions and minority-partner transactions, but these do not outweigh the operational and financial momentum reported.Company Guidance
Strong Q1 Production and High Capacity Utilization
Produced ~9.7 thousand tonnes of lithium carbonate in Q1, operating at approximately 97% of nameplate capacity (consistent for the past two quarters), supporting stable supply and operational reliability.
Significant EBITDA and Cash Generation Upswing
Adjusted EBITDA rose to $106 million in Q1 from $30 million in Q4 (an increase of ~253%), driven by higher realized prices and stable production; management expects >90% of EBITDA to convert to free cash flow in 2026.
Realized Price Improvement Quarter-over-Quarter
Realized prices increased to just under $17,000/ton in Q1 versus just over $9,000/ton in Q4, representing an ~89% increase in realized price quarter-over-quarter and contributing materially to margin expansion.
Low Operating Costs and Ongoing Cost Reductions
First quarter operating cash costs fell to just under $5,400/ton (management's long-term nameplate target ~$5,400/ton at 40k tpa), with sustaining CapEx at an even-lower-than-normalized level (~$4–$5 million/quarter).
Substantial Cash Distributions and Strengthened Balance Sheet
Approximately $100 million in cash distributed from Cauchari-Olaroz since the beginning of the year, with Lithium Argentina's attributable share of ~$48 million; project-level debt low (≈0.5x net debt to annualized Q1 EBITDA), providing financial flexibility.
Robust 2026 Production Guidance and Upside Scenarios
2026 production guidance maintained at 35,000–40,000 tonnes; at market reference prices of ~$20k–$30k/ton (ex-VAT) management estimates 2026 EBITDA of ~$460M–$630M (100% basis), assuming current discounting and tax regime.
Progress on Growth Projects (Stage 2 and PPG)
Stage 2 targets an additional 45,000 tpa; RIGI application progressing and could be approved soon; environmental permitting and a basin-wide hydrogeological model underpin sustainability. PPG scoping supports phased development up to 150,000 tpa (initial 50k phase) with combined asset historic book value of $1.7B and NPV range $6B–$8B.
Operational Resilience and Low Energy Intensity
Cauchari-Olaroz relies principally on solar evaporation with minimal diesel (<3% of direct operating costs) and does not require energy-intensive processes or sulfuric acid, reducing exposure to reagent/energy shocks.
Strategic Capital and Listing Plans
Management plans to prioritize Stage 1 cash flows and low-cost project debt to fund growth while minimizing equity dilution; evaluating a secondary ASX listing (potentially midyear) to broaden investor base without an associated financing.
TSE:LAR 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:LAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | C$16.16 | C$15.64 | -3.22% |
Mar 23, 2026 | C$7.92 | C$8.59 | +8.46% |
Nov 10, 2025 | C$5.46 | C$5.94 | +8.79% |
Aug 11, 2025 | C$3.86 | C$5.05 | +30.83% |
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 Lithium Argentina AG (TSE:LAR) report earnings?
Lithium Argentina AG (TSE:LAR) is schdueled to report earning on Aug 18, 2026, TBA (Confirmed).
What is Lithium Argentina AG (TSE:LAR) earnings time?
Lithium Argentina AG (TSE:LAR) earnings time is at Aug 18, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:LAR EPS forecast?
TSE:LAR EPS forecast for the fiscal quarter 2026 (Q2) is 0.21.