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Teck Resources (TSE:TECK.B)
TSX:TECK.B
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.75Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 1.32%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
Teck Resources reported strong financial performance with increased EBITDA and successful project milestones, indicating resilience and effective operational strategies. However, challenges such as production impacts at QB, geopolitical risks, and a safety incident at Antamina present ongoing challenges. The company maintains a strong balance sheet and continues to return value to shareholders.Company Guidance
During the first quarter of 2025, Teck Resources Limited reported significant improvements in profitability, driven by higher commodity prices and increased sales volumes. Their adjusted EBITDA more than doubled to $927 million, while copper production increased by 7% and copper sales volumes rose by 11% compared to the previous year. The company maintained a strong balance sheet with a net cash position of $764 million and liquidity of $10 billion. Teck continued to return cash to shareholders, with $568 million distributed year-to-date through dividends and share buybacks. The company also achieved significant milestones, including completion testing requirements for the $2.5 billion QB project finance facility, despite facing operational challenges such as a nationwide power outage in Chile. Teck's annual guidance remains unchanged, with expectations for copper production to grow to between 490,000 and 565,000 tons for the full year.Significant Increase in Adjusted EBITDA
Adjusted EBITDA more than doubled to $927 million, driven by higher commodity prices and increased copper sales volumes.
Strong Operational Performance
Key operations such as Highland Valley, Carmen de Andacollo, and Trail saw strong profit due to successful initiatives to improve profitability and cash flow generation.
Completion of QB Project Finance Testing
QB successfully achieved completion testing requirements under the $2.5 billion USD project finance facility, providing confidence in ramp-up to steady state by year-end.
Increased Copper Production and Improved Margins
Copper production increased by 7% to 106,000 tons, with a net cash unit cost improvement of 32 cents US per pound to $2.04 US per pound.
Robust Balance Sheet
The company maintained a strong balance sheet with a net cash position of $764 million and liquidity of $10 billion.
Return of Cash to Shareholders
$568 million returned to shareholders year-to-date through share buybacks and dividends.
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TSE:TECK.B 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.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | C$48.37 | C$50.16 | +3.70% |
| Feb 20, 2025 | C$60.57 | C$61.33 | +1.25% |
| Oct 24, 2024 | C$68.30 | C$64.58 | -5.44% |
| Jul 24, 2024 | C$62.21 | C$61.49 | -1.16% |
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 (TSE:TECK.B) report earnings?
Teck Resources (TSE:TECK.B) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Teck Resources (TSE:TECK.B) earnings time?
Teck Resources (TSE:TECK.B) 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.B EPS forecast?
TSE:TECK.B EPS forecast for the fiscal quarter 2025 (Q1) is 0.39.
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