Teck Resources (NYSE:TECK) Releases Earnings Results, Beats Expectations By $0.39 EPS

Teck Resources (NYSE:TECK) (TSE:TECK) released its earnings results on Thursday. The basic materials company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.59 by $0.39, Zacks reports. Teck Resources had a return on equity of 5.90% and a net margin of 12.98%.The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $0.45 EPS. The business’s revenue for the quarter 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 Trading Up 0.3%

NYSE:TECK opened at $59.45 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.78 and a quick ratio of 2.08. The business’s 50-day simple moving average is $52.05 and its 200-day simple moving average is $44.03. Teck Resources has a fifty-two week low of $28.32 and a fifty-two week high of $60.75. The stock has a market capitalization of $28.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 0.55 and a beta of 0.80.

Teck Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is currently 20.22%.

Hedge Funds Weigh In On Teck Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Teck Resources in the 4th quarter valued at about $25,000. Banque Cantonale Vaudoise boosted its holdings in Teck Resources by 5,102.0% during the third 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 during the last quarter. Danske Bank A S bought a new position in Teck Resources in the third quarter valued at $145,000. Kestra Advisory Services LLC acquired a new stake in Teck Resources in the 4th quarter valued at $200,000. Finally, Summit Financial LLC acquired a new stake in shares of Teck Resources in the fourth quarter valued at about $201,000. 78.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TECK. Weiss Ratings reissued a “hold (c)” rating on shares of Teck Resources in a report on Wednesday, January 21st. Citigroup upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. TD Securities lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating on shares of Teck Resources in a research note on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $46.00 price objective on shares of Teck Resources in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Teck Resources News Summary

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

• Positive Sentiment: Q4 earnings beat — Teck reported EPS of $0.98, beating consensus (~$0.59) and up sharply year-over-year, supporting upgraded profitability metrics and investor confidence. Read More.
• Positive Sentiment: Merger progress with Anglo American — Management described the proposed Anglo American transaction as transformational and reported continued progress on the deal, which markets view as a strategic positive for scale in critical minerals. Read More.
• Positive Sentiment: Copper tailwind and strong cash momentum — Higher copper prices materially boosted Q4 earnings and management flagged strong Q4 momentum and cash generation in its press release/slide deck. Read More.
• Neutral Sentiment: Dividend declared — Teck announced a quarterly dividend of $0.125/share (ex-dividend March 13), a modest yield that signals capital return but is unlikely to be a major catalyst.
• Neutral Sentiment: Output guidance reaffirmed — Management reaffirmed production guidance including for Quebrada Blanca, reducing near-term operational uncertainty. Read More.
• Negative Sentiment: Revenue slightly below consensus — Q4 revenue was $2.23B vs. consensus ~$2.28B, a small topline miss that tempers the beat and could limit upside if commodity prices soften. Read More.

About Teck Resources

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.