Quarterly ResultJul 29, 2026, 06:03 AM
Hudbay Q2 Adjusted EBITDA $321.2M; Improves 2026 Cost Guidance
AI Summary
Hudbay Minerals Inc. reported strong second-quarter 2026 financial results, including $631.3 million in revenue, $137.4 million in net earnings, and $321.2 million in adjusted EBITDA. The company generated over $100 million in free cash flow during the quarter and improved its full-year 2026 consolidated cash cost guidance. Additionally, Hudbay announced key executive leadership appointments, with Eugene Lei becoming President and CFO and Robert Carter appointed COO, and completed the acquisition of Arizona Sonoran Copper Company, strengthening its copper growth pipeline.
Key Highlights
- Q2 Revenue: $631.3 million.
- Q2 Net Earnings attributable to owners: $137.4 million ($0.34 per share).
- Q2 Adjusted EBITDA: $321.2 million, with record trailing twelve-month adjusted EBITDA of $1.3 billion.
- Q2 Free Cash Flow: $101.8 million, totaling over $200 million for H1 2026.
- Full-year 2026 consolidated cash cost guidance improved to $(0.45) to $(0.25) per pound of copper.
- Acquisition of Arizona Sonoran Copper Company completed, adding Cactus project.
- Eugene Lei appointed President and CFO; Robert Carter appointed Chief Operating Officer.
- Net debt negative $80.5 million as of June 30, 2026.
Price Impact
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