Teck Resources (NYSE:TECK) Announces Earnings Results

Teck Resources (NYSE:TECK) (TSE:TECK) released its quarterly earnings results on Thursday. The basic materials company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year.

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 Price Performance

Shares of TECK stock traded down $0.52 on Friday, hitting $58.77. 962,711 shares of the stock traded hands, compared to its average volume of 4,420,894. The firm has a 50 day simple moving average of $51.73 and a two-hundred 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 firm has a market cap of $28.29 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 0.55 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.78 and a quick ratio of 2.08.

Teck Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

TECK has been the topic of several research reports. Benchmark reaffirmed a “buy” rating on shares of Teck Resources in a research report on Thursday, October 23rd. National Bank Financial lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. Veritas upgraded Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $46.00 target price 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 issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.33.

Institutional Trading of Teck Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in Teck Resources by 453.0% in the 1st quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 7,963 shares in the last quarter. Credit Agricole S A purchased a new position in Teck Resources during the 3rd quarter worth approximately $339,000. NewEdge Advisors LLC lifted its stake in Teck Resources by 4,602.9% during the 2nd quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock valued at $330,000 after acquiring an additional 8,009 shares during the period. Arete Wealth Advisors LLC purchased a new stake in shares of Teck Resources in the 4th quarter valued at $283,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Teck Resources in the third quarter worth $253,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources News Roundup

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

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.