Teck Resources (NYSE:TECK) Announces Quarterly Earnings Results, Beats Estimates By $0.39 EPS

Teck Resources (NYSE:TECK) (TSE:TECK) posted its earnings results on Thursday. The basic materials company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.39, Zacks reports. Teck Resources had a net margin of 11.93% and a return on equity of 4.14%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. Teck Resources’s revenue was up 9.8% on a year-over-year basis.

Here are the key takeaways from Teck Resources’ conference call:

• Merger with Anglo American: Teck announced a transformational “merger of equals” to create a top‑five global copper producer (about 1.2 Mtpa combined), targeting $800M of annual synergies and further upside, with regulatory approvals still pending in China and South Korea and a 12–18 month close expectation.
• Strong Q4 and full‑year results: Q4 adjusted EBITDA rose 81% to $1.5B with ~50% margin and full‑year adjusted EBITDA was $4.3B; the company returned $1.3B to shareholders and ended 2025 with net cash (~$150M) and $9.3B of liquidity.
• QB operational progress and TMF advances: QB delivered its strongest quarter (55,000 t Cu) and installed new cyclone technology and paddock redesigns that materially improved sand quality and drainage, with management targeting removal of TMF constraints by end‑2026 and steady‑state from 2027.
• Peak 2026 capital and near‑term cash pressure: 2026 is a peak capex year ($2.8–3.4B ex‑stripping; $3.2–4.0B incl. stripping) driven by QB TMF ($390–460M) and HVC MLE ($900–1,200M), deferred stripping will remain elevated into ~2028, and cash fell $2.6B in 2025 (no buybacks until merger close).
• Guidance and assumptions: management reaffirmed 2026–28 production guidance (copper 455–530 kt in 2026) and provided 2026 net cash cost ranges that assume conservative by‑product prices below 2025 and current spot levels; Antamina zinc guidance was lowered by 20 kt for 2026, and zinc unit costs are expected to rise vs. 2025.

Teck Resources Stock Down 1.0%

Shares of NYSE:TECK traded down $0.61 on Friday, hitting $58.68. 1,064,085 shares of the company traded hands, compared to its average volume of 4,420,894. The company has a market cap of $28.25 billion, a PE ratio of 33.04, a PEG ratio of 0.55 and a beta of 0.80. The stock has a 50 day simple moving average of $51.73 and a 200-day simple moving average of $43.85. Teck Resources has a 52 week low of $28.32 and a 52 week high of $60.75. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.15.

Teck Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 0.9%. Teck Resources’s payout ratio is presently 20.22%.

Institutional Trading of Teck Resources

Institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in shares of Teck Resources during the fourth quarter valued at $25,000. Banque Cantonale Vaudoise increased its stake in shares of Teck Resources by 5,102.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 2,500 shares in the last quarter. Danske Bank A S bought a new position in shares of Teck Resources in the third quarter worth about $145,000. Kestra Advisory Services LLC bought a new position in shares of Teck Resources in the fourth quarter worth approximately $200,000. Finally, Summit Financial LLC bought a new stake in Teck Resources during the fourth quarter valued at about $201,000. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Teck Resources

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Q4 earnings beat and strong cash generation — Teck reported adjusted Q4 results materially above expectations (adjusted C$1.37/share; US$0.98 EPS reported vs. consensus ~$0.59), driven by higher copper prices and improved margins, which supports near‑term earnings visibility and cash flow. Article Title
• Positive Sentiment: Merger progress with Anglo American — Management reiterated progress on the proposed merger with Anglo American, framing the deal as creating a global critical‑minerals champion; that combination could materially re‑rate Teck if closed on favorable terms. Article Title
• Neutral Sentiment: Dividend declared — Teck announced a quarterly dividend of $0.125/share (annualized yield ~0.8%), a modest yield that may be seen as neutral for income investors but does provide a small support level for the stock.
• Neutral Sentiment: Guidance and production reaffirmed — Management reaffirmed output guidance (including at Quebrada Blanca), which reduces operational surprises but limits new upside from guidance upgrades. Article Title
• Negative Sentiment: Revenue slightly below consensus — Quarterly revenue came in at $2.23B vs. ~$2.28B expected; while EPS beat was driven by commodity prices and margins, the revenue miss may have triggered short‑term profit‑taking. Article Title
• Negative Sentiment: Merger execution risk and timing — Although management reports progress, the Anglo American transaction remains subject to regulatory approvals and closing risk; lingering uncertainty can keep volatility elevated and cap near‑term upside. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TECK shares. Raymond James Financial downgraded Teck Resources from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Teck Resources in a research report on Tuesday, January 27th. Veritas upgraded shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $46.00 target price on shares of Teck Resources in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Teck Resources in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.33.

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.