Canada's Triple Flag Q2 adj EPS and EBITDA beat estimates, revenue up 37%

Triple Flag Precious Metals

05/08/2026 22:16

Overview
Canada precious metals streamer Q2 adjusted EPS and EBITDA beat analyst expectations
Q2 revenue rose 37% yr/yr to $129.2 mln, driven by higher gold and silver sales
Company raised quarterly dividend for fifth straight year and repurchased $20 mln in shares

Outlook
Triple Flag expects 2026 sales between midpoint and high end of 100,000-110,000 GEOs guidance
Company raises 2026 depletion expense guidance to $70 mln-$80 mln
Triple Flag increases 2030 outlook to 150,000-160,000 GEOs

Result Drivers
RAVENSWOOD GOLD STREAM - Acquisition of a 5.5% gold stream on the Ravenswood Mine in Australia added immediate cash flow and contributed to record GEOs and revenue
HIGHER GOLD AND SILVER SALES - Increased sales volumes of gold and silver drove revenue growth in Q2 2026
PORTFOLIO EXPANSION - Recent accretive transactions and investments in Australia and the U.S. supported growth in cash flow and gold equivalent ounces sold

Company press release: ID:nBw51SmB1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.39
$0.33 (7 Analysts)
Q2 Adjusted Net Income
Beat
$80.40 mln
$70.84 mln (1 Analyst)
Q2 Net Income
 
$156.30 mln
 
Q2 Adjusted EBITDA
Beat
$117.20 mln
$101.54 mln (4 Analysts)
Q2 Operating Cash Flow
 
$111.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Triple Flag Precious Metals Corp is C$58.00, about 38% above its August 4 closing price of C$42.03
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 5 - Canada's Gold Royalty Q2 revenue rises on portfolio expansion
Aug 5 - Canada's OR Royalties Q2 revenue rises on asset acquisitions
Aug 4 - Mexico's Fresnillo H1 revenue jumps on higher precious metal prices; raises dividend

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)