Quarterly ResultApr 23, 2026, 01:02 AM
Teck Resources Q1 2026 Adjusted EBITDA Jumps 125% to $2.1B
AI Summary
Teck Resources reported a very strong start to 2026, with Q1 adjusted EBITDA surging 125% to $2.1 billion, driven by record quarterly copper sales and significantly higher commodity prices. Adjusted profit attributable to shareholders reached $858 million, or $1.75 per share, a substantial increase from the prior year. The company achieved record copper sales volumes from Quebrada Blanca and increased its net cash position by $338 million, highlighting robust operational performance and a strong balance sheet. Teck remains focused on disciplined operations and advancing its merger with Anglo American.
Key Highlights
- Adjusted EBITDA surged 125% to $2.1 billion in Q1 2026.
- Adjusted profit attributable to shareholders was $858 million, or $1.75 per share.
- Record Quebrada Blanca copper sales volumes reached 70,300 tonnes.
- Cash flow from operations was $1.0 billion, increasing net cash by $338 million.
- Liquidity stood at $9.8 billion, including $5.7 billion in cash.