Earnings ·
Teck Reports Q3 Adjusted EPS of $1.88, Profit of $1.6B on Record Copper Prices
TCKRFTeck Resources Ltd
Teck Resources reported unaudited third quarter 2026 results with adjusted profit attributable to shareholders of $923 million, or $1.88 per share, compared to $372 million in the prior year period. Reported profit was $1.59 billion, or $3.24 per share, boosted by a $667 million after-tax impairment reversal at Trail Operations and significantly higher copper prices averaging US$6.40 per pound. Adjusted EBITDA rose 97% to $2.3 billion, while cash flow from operations reached $1.6 billion. Copper production increased 11% year-over-year to 115,700 tonnes despite weather-related disruptions at Quebrada Blanca and Carmen de Andacollo. The company maintained its full-year copper production guidance but lowered unit cost estimates due to strong by-product pricing. Teck Resources Limited is a diversified mining company focused on copper, zinc, and strategic metals.