Teck Resources第三季度营收45.17亿加元，调整后EBITDA增97%至23.05亿加元，铜产量增11%
加拿大矿业公司 Teck Resources（TSX: TECK.A/TECK.B，NYSE: TECK）10月29日在 Vancouver 公布2026年第三季度未经审计业绩：季度营收45.17亿加元，高于去年同期的33.85亿加元；调整后 EBITDA（息税折旧摊销前利润）为23.05亿加元，同比增长97%。
利润方面，季度税前利润为22.76亿加元，归属股东利润为15.92亿加元、每股3.24加元；调整后归属股东利润为9.23亿加元、每股1.88加元，去年同期为3.72亿加元、每股0.76加元。当季经营现金流为16亿加元，净现金头寸增加6.55亿加元；截至9月30日，公司流动性为109亿加元，其中现金67亿加元。
铜业务是增长主力。第三季度铜均价达每磅6.40美元、创纪录水平，铜产量为115,700吨、同比增长11%，除 Carmen de Andacollo 因极端天气延长停产外，各铜矿产量均有增长；铜的净现金单位成本降至每磅1.77美元，去年同期为2.09美元。锌业务在 Trail 冶炼业务优化进料策略带动下，录得8.88亿加元税前减值转回。
公司同时更新了与 Anglo American 对等合并的进展：交易继续按原定时间表推进，预计在宣布后12至18个月内完成，双方已组建合并后的未来执行领导团队；合并预计带来约8亿美元年化税前协同。公司将2026年铜净现金单位成本指引下调至每磅1.80至2.00美元，锌的总现金与净现金单位成本指引也双双下调，全年产量指引维持不变。
总裁兼首席执行官 Jonathan Price 表示，第三季度业绩展现了业务的内在实力：铜产量增加、执行纪律严明，加上创纪录的铜价，推动了强劲的财务表现与现金生成；公司是在铜矿运营遭遇严重天气事件、优先保障员工安全的同时取得这一成绩的。
Teck Resources Third-Quarter Revenue Rises to C$4.52 Billion as Adjusted EBITDA Jumps 97% to C$2.31 Billion
Canadian miner Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) reported unaudited third-quarter 2026 results on October 29 in Vancouver. Revenue was C$4.517 billion, up from C$3.385 billion a year earlier, and adjusted EBITDA was C$2.305 billion, 97% higher than the same period last year.
Profit before taxes was C$2.276 billion. Profit attributable to shareholders was C$1.592 billion, or C$3.24 per share, while adjusted profit attributable to shareholders was C$923 million, or C$1.88 per share, compared with C$372 million, or C$0.76 per share, a year earlier. Cash flow from operations was C$1.6 billion, increasing the company's net cash position by C$655 million in the quarter. Liquidity at September 30, 2026 was C$10.9 billion, including C$6.7 billion of cash.
Copper drove the growth. Copper prices averaged a record US$6.40 per pound in the quarter, production rose 11% to 115,700 tonnes with increases at all copper operations except Carmen de Andacollo, where extreme weather caused an extended shutdown, and copper net cash unit costs fell to US$1.77 per pound from US$2.09 a year earlier. The zinc segment recorded a pre-tax impairment reversal of C$888 million at Trail Operations under its optimized feed strategy.
Teck said its merger of equals with Anglo American remains on track to close within the originally stated 12 to 18 months from announcement, with the future executive leadership team already named. The combination is expected to deliver about US$800 million in annual pre-tax synergies. The company reduced its 2026 copper net cash unit cost guidance to US$1.80 to US$2.00 per pound and also lowered zinc cost guidance, while annual production guidance was unchanged.
President and CEO Jonathan Price said the third-quarter results showcase the underlying strength of the business, with increased production, disciplined execution and record copper prices driving strong financial performance and cash generation, achieved while dealing with severe weather events across the copper operations and prioritizing the safety of its people.
来源：GSM·美国（原文链接）
图片来源：图：加拿大 British Columbia 的 Highland Valley 铜矿航拍，该矿为 Teck Resources 旗下铜矿之一，画面下方为尾矿坝。照片：Alvestrand 摄，CC BY-SA 3.0，经 Wikimedia Commons。 / An aerial view of the Highland Valley Copper mine in British Columbia, Canada, one of Teck Resources' copper operations, with its tailings dam below. Photo: Alvestrand, CC BY-SA 3.0, via Wikimedia Commons.
