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Teck Resources Limited (TSE:TECK.A)
TSX:TECK.A
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.75Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -3.37%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
Teck Resources Limited had a strong financial and operational performance in 2024, highlighted by record copper production, significant cash returns to shareholders, and a substantial reduction in debt. Despite these achievements, the company faced challenges in the environmental permitting process for Highland Valley and underperformance at Trail operations. Overall, the significant positive achievements outweigh the challenges.Company Guidance
During the fourth quarter of 2024, Teck Resources Limited achieved significant milestones in its financial and operational performance. The company reported an adjusted EBITDA of $835 million, marking a 160% increase compared to the same period in the previous year, contributing to a full-year adjusted EBITDA of $2.9 billion, more than double the prior year. This growth was driven by record copper production, which surged by 50% year-over-year to 446,000 tons, alongside a strong performance in zinc production at Red Dog, which improved net cash unit costs by 16 US cents per pound. Teck Resources Limited also returned $1.8 billion in cash to shareholders in 2024, initiated by $8.6 billion in proceeds from the sale of its steelmaking coal business. The company's balance sheet was further strengthened by reducing debt by $2.5 billion, resulting in a net cash position of $2.1 billion as of December 31, 2024, and maintaining $11.3 billion in liquidity. Looking forward to 2025, Teck Resources Limited projects an increase in copper production to a range of 490 to 565 thousand tons, with a significant reduction in copper net cash unit costs to $1.65 to $1.95 US dollars per pound, supported by continued ramp-up at its QB project in Chile and improved grades at Highland Valley.Record Copper Production
Teck Resources Limited set a record for annual copper production, with a 50% increase from the prior year to 446,000 tons.
Significant Cash Returns to Shareholders
The company returned $1.8 billion in cash to shareholders in 2024, including $514 million in dividends and $1.25 billion in share buybacks.
Strong Financial Performance
Adjusted EBITDA more than doubled to $2.9 billion in 2024, with a 160% increase to $835 million in the fourth quarter.
Debt Reduction
Teck Resources Limited reduced its debt by $2.5 billion in 2024 and was in a net cash position of $2.1 billion as of December 31, 2024.
Zinc Segment Growth
Gross profit before depreciation and amortization from the zinc segment more than doubled from the same quarter last year to $320 million, driven by higher zinc prices and strong Red Dog sales volumes.
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TSE:TECK.A 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
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TSE:TECK.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$60.50 | C$61.40 | +1.49% |
| Oct 24, 2024 | C$68.56 | C$66.17 | -3.49% |
| Jul 24, 2024 | C$62.94 | C$62.10 | -1.33% |
| Apr 25, 2024 | C$61.34 | C$66.67 | +8.69% |
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.
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FAQ
When does Teck Resources Limited (TSE:TECK.A) report earnings?
Teck Resources Limited (TSE:TECK.A) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Teck Resources Limited (TSE:TECK.A) earnings time?
Teck Resources Limited (TSE:TECK.A) earnings time is at Apr 24, 2025, TBA Not 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 TSE:TECK.A EPS forecast?
TSE:TECK.A EPS forecast for the fiscal quarter 2025 (Q1) is 0.34.
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