Loading...
•
Sep 30, 2025
•/
Teck Q3 2025 Earnings Report
Teck reported stronger Q3 2025 results, with higher earnings and revenue supported by improved commodity prices and segment profitability.
Key Takeaways
Teck Resources posted improved Q3 2025 earnings with $3.39 billion in revenue and $281 million in net income, driven by strong copper and zinc segments. Adjusted EPS came in at $0.76 CAD, reflecting operational improvements and higher prices. The company also announced a transformative merger with Anglo American.
Revenue by Segment
Forward Guidance
Teck maintains its updated 2025 production and cost guidance, with positive momentum in operational improvements, though Quebrada Blanca remains under pressure due to tailings facility issues.
Positive Outlook
- Copper production guidance for 2025 remains at 415,000 to 465,000 tonnes.
- Zinc production guidance is maintained at 525,000 to 575,000 tonnes.
- Red Dog sales guidance for Q4 set at 125,000 to 140,000 tonnes.
- Improved drainage initiatives at QB are progressing.
- Molybdenum production ramping up at QB.
Challenges Ahead
- QB copper production remains constrained due to tailings facility limitations.
- Sand drainage issues delaying TMF construction progress.
- Continued downtime expected at QB into 2026.
- QB shiploader still under repair until Q1 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...