Canada's OR Royalties Q3 revenue, adjusted EPS top estimates on higher metal prices
OR•OR Royalties reported Q3 revenue of $90.2 million and adjusted EPS of $0.29, beating estimates of $83.72 million and $0.28, respectively. Revenue rose 26% and adjusted EPS 29% year over year; the company reaffirmed its 2026 guidance of 80,000 to 90,000 gold equivalent ounces.
1. Quarterly results
OR Royalties' Q3 revenue rose 26% year over year to $90.2 million, above the $83.72 million analyst estimate. Adjusted EPS increased 29% to $0.29, compared with the $0.28 estimate. The company said higher realized gold and other precious metals prices lifted revenue and cash flow despite flat gold equivalent ounces earned.
2. 2026 outlook
OR Royalties reaffirmed guidance of 80,000 to 90,000 gold equivalent ounces earned in 2026, saying deliveries are tracking to approximately the midpoint of the range. The company said its growth outlook through 2030 remains fully funded, with no contingent capital required. Three new mines in its portfolio began production in 2026.
