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Teck Resources class A (TSE:TECK.A)
:TECK.A
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.75Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -3.47%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant financial growth and production increases, especially in the copper and zinc segments. However, operational challenges at QB and external factors like power outages and geopolitical tensions present notable risks. The company maintains a strong financial position and continues to return capital to shareholders, supporting a positive long-term outlook.Company Guidance
In the first quarter of 2025, Teck Resources Limited reported significant financial and operational improvements. The company's adjusted EBITDA more than doubled compared to the previous year, reaching $927 million, driven by higher commodity prices and increased copper sales volumes. Teck maintained a strong balance sheet with $764 million in net cash and $10 billion in liquidity. Copper production is projected to grow to between 490,000 and 565,000 tons for the full year, with expectations for net cash unit costs to decrease to between $1.65 and $1.95 per pound. The company's active share buyback program and dividend payments have returned $568 million to shareholders year to date. Safety performance was highlighted with a low high potential incident frequency rate of 0.05, although a recent fatality at a non-operated interest site was noted. The company continues to focus on copper growth projects, aiming for potential sanction decisions on several projects by late 2025, underpinned by a robust capital allocation framework that balances investment in growth with returns to shareholders.Record EBITDA Growth
Adjusted EBITDA more than doubled to $927 million in Q1 2025, primarily driven by higher commodity prices and increased sales volumes.
Copper Production Increase
Copper production increased by 7% to 106,000 tons due to improved grades and throughput at Highland Valley and Carmen de Andacollo.
Strong Financial Position
Teck Resources ended the quarter with a net cash position of $764 million and liquidity of $10 billion.
Successful Completion of QB Project Testing
The QB project successfully met the completion testing requirements under the $2.5 billion US project finance facility, confirming its robustness.
Ongoing Capital Returns
Cash returns to shareholders reached $568 million year to date through share buybacks and dividends.
Improved Zinc Profitability
Gross profit before depreciation and amortization from the zinc segment increased by 79% due to higher zinc prices and strong 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 |
|---|---|---|---|
| Apr 24, 2025 | C$49.60 | C$50.80 | +2.42% |
| Feb 20, 2025 | C$60.38 | C$61.27 | +1.47% |
| Oct 24, 2024 | C$68.42 | C$66.03 | -3.49% |
| Jul 24, 2024 | C$62.80 | C$61.98 | -1.31% |
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 class A (TSE:TECK.A) report earnings?
Teck Resources class A (TSE:TECK.A) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Teck Resources class A (TSE:TECK.A) earnings time?
Teck Resources class A (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 0.4.
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