Teck Resources Reports Record Copper Sales and Doubling of EBITDA in Q1 2026
Teck Resources Limited posted an adjusted EBITDA of $2.1 billion for Q1 2026, a 125% increase year-over-year, driven by record copper sales. The strong financial performance reflects improvements in operational efficiency and favorable market conditions, particularly with copper prices averaging $5.83 per pound.
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Teck Resources Limited's Q1 2026 results show a significant financial recovery with an adjusted EBITDA of $2.1 billion, surpassing market expectations. The company reported a 125% increase in EBITDA year-over-year, with revenues of $3.94 billion exceeding forecasts by 25%.
Copper production reached 140,000 tonnes, a 32% annual increase, while sales hit a record 155,000 tonnes, up 46% from last year. The company continues to advance its merger with Anglo American, pending approval from China, which is expected to create a leading copper producer.
With a liquidity position of CAD 9.8 billion, Teck is well-positioned for future cash flow generation, particularly from its Quebrada Blanca operations. The ongoing favorable conditions in the copper market may sustain strong demand, supported by global electrification trends.
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