TECK PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

TECK ▲ +0.77% at T+20d

LONG call ✓ call won +0.77% · α vs SPY -3.86% · entry $60.75 → $61.22

Next anchor: T+60d in 6w

Currently $61.90 · +1.89% from $60.75 entry

Entry anchored
Apr 22, 03:59 PM ET
via Databento tick

T+1d

-0.95%

call -0.95% · α -1.74%

$60.17

settled 7w ago

T+5d

-7.42%

call -7.42% · α -8.90%

$56.24

settled 6w ago

T+20d

+0.77%

call +0.77% · α -3.86%

$61.22

settled 20d ago

T+60d

—

call — · α —

—

in 6w

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Executive Summary

Teck Resources reported a strong Q1 2026 with adjusted EPS of $1.75, a 57.6% beat versus the $1.11 consensus, driven by record copper sales, higher commodity prices, and cost improvements. Revenue of $3.94B exceeded estimates, and the company maintained its full-year guidance while progressing its merger with Anglo American.

Key Financial Metrics

Gross Margin

43.5%

Actionable Insight

The magnitude of the earnings beat and sustained copper strength suggest upside risk to near-term estimates; monitor the Anglo American merger timeline and Q2 copper pricing trends as key catalysts. Strong cash flow may support increased shareholder returns post-merger.

Key Facts

Adjusted EPS of $1.75 vs. $1.11 consensus, representing a 57.6% beat
Revenue of $3.94B vs. $3.22B consensus, a 22.4% beat
Adjusted EBITDA surged 125% YoY to $2.1B
Record quarterly copper sales of 70,300 tonnes from Quebrada Blanca (QB)
Copper prices averaged $5.83/lb, supporting margin expansion
Net cash position improved by $338M to $5.4B cash, $4.9B total debt
No change to 2026 guidance; merger with Anglo American progressing toward close

Financial Impact

EPS beat by 57.6% and revenue beat by 22.4%, with EBITDA up $1.2B YoY

epsrevenueebitdacashFlowunitCosts

Risk Factors

Merger with Anglo American remains subject to regulatory approvals and could face delays
Copper price volatility could impact future margins if prices retreat from current highs
Operational risks at QB, including tailings management and maintenance outages

Market Snapshot

Exchange

OTC

Sector

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3279561

4 reports for TECK

T+1T+5T+20T+60

Filters

Reports for TECK — sortable, filterable
	Type				Now
Apr 24, 2026 6w ago	Press Release NEUTRAL ★ 3/10	$60.17 $63.00	▲ +4.70%	▲ +0.68%	$61.90 (+2.88%)
Apr 23, 2026 6w ago	Press Release NEUTRAL ★ 5/10	$60.75 $61.22	▲ +0.77%	▼ −3.86%	$61.90 (+1.89%)
Apr 23, 2026 6w ago	Press Release BULLISH ★ 8/10	$60.75 $61.22	▲ +0.77%	▼ −3.86%	$61.90 (+1.89%)
Feb 28, 2026 14w ago	Institutional Cluster MIXED ★ 6/10	$57.09 $48.32	▼ −15.36%	▼ −7.42%	$61.90 (+8.43%)

US Market Status

Market Closed — Opens Thu (10h 9m)

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