Lithium Americas (Argentina) Corp. (LAAC)
NYSE:LAAC
Earnings Data
Report Date
Aug 18, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial quarter: high utilization (~97%), significant realized price improvement (~+89% q/q), and a >3x increase in adjusted EBITDA to $106M leading to meaningful cash distributions (~$100M at project level, $48M to Lithium Argentina). Management emphasized low cash costs (sub-$5,400/tonne), high (>90%) expected EBITDA-to-cash conversion, and a sizable growth pipeline (Stage 2 +45kt, PPG NPV $6–8B). Key risks identified include a current 6–7% realized price discount (VAT/quality), revenue-linked taxes and royalties that will rise with prices, permitting timing for Stage 2 (FID likely tied to 2027 permits), and some execution and timing reliance on partner arrangements. Overall, positives materially outweigh the challenges.Company Guidance
Strong Production and Utilization
Q1 production of ~9,700 tonnes of lithium carbonate, averaging approximately 97% of nameplate capacity (consistent for two quarters), supporting stable output and operational reliability.
Substantial EBITDA Recovery
Adjusted EBITDA rose to $106 million in Q1 from $30 million in Q4, a greater than threefold increase (approximately +253% q/q), driven by higher realized prices and stable production.
Material Improvement in Realized Prices
Realized prices increased to just under $17,000/tonne in Q1 from just over $9,000/tonne in Q4 (~+89% q/q), with recent market reference prices cited in the $20,000–$30,000/tonne range.
Low Cash Operating Costs
First quarter operating cash costs fell to just under $5,400/tonne, positioning Cauchari-Olaroz among the lowest cost lithium operations globally and in line with the company's long-term $5,400/tonne target.
Strong Cash Generation and Distributions
Cauchari-Olaroz generated approximately $106 million adjusted EBITDA in Q1 and has distributed about $100 million in cash since year-start (≈$48 million attributable to Lithium Argentina). Company expects >90% EBITDA-to-free-cash-flow conversion in 2026.
Healthy Balance Sheet Metrics
Project-level third-party debt remains small and stable after distributions, representing less than 0.5x net debt to annualized Q1 EBITDA; sustaining CapEx is low (~$4–$5 million per quarter).
Clear Growth Pipeline and Large Project Economics
Stage 2 targets an additional ~45,000 tpa; PPG scoping study targets up to 150,000 tpa (initial 50,000 tpa). PPG combined assets have a historic book value of $1.7 billion and a scoping-study NPV range of $6–$8 billion. RIGI application for Stage 2 progressing and could be approved soon.
Strategic Partnership and Market Positioning
Working with Ganfeng on development execution and potential minority project-level partners for PPG; considering an ASX secondary listing to broaden investor base (not for immediate financing).
Lithium Americas (Argentina) Corp. (LAAC) Earnings, Revenues Date & History
LAAC 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
LAAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 07, 2023 | $5.95 | $6.07 | +2.02% |
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 Americas (Argentina) Corp. (LAAC) report earnings?
Lithium Americas (Argentina) Corp. (LAAC) is schdueled to report earning on Aug 18, 2026, Before Open (Not Confirmed).
What is Lithium Americas (Argentina) Corp. (LAAC) earnings time?
Lithium Americas (Argentina) Corp. (LAAC) earnings time is at Aug 18, 2026, Before Open (Not Confirmed).
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What is LAAC EPS forecast?
Currently, no data Available