Canada's Triple Flag Q3 revenue rises, slightly misses estimates
TFPM•Triple Flag's Q3 revenue rose year over year to $106.70 million, slightly below the $106.80 million estimate, while adjusted EPS of $0.26 missed the $0.28 estimate. The company repurchased $20 million of shares and expects 2026 sales of 100,000 to 110,000 GEOs.
1. Quarterly results
Triple Flag reported Q3 revenue of $106.70 million, up year over year and slightly below the $106.80 million analyst estimate. Adjusted EPS was $0.26, below the $0.28 estimate. Adjusted net income of $53.10 million and adjusted EBITDA of $93.70 million exceeded estimates; operating cash flow was $92 million. The company said operating cash flow per share rose 15% year over year and that it repurchased $20 million of shares during the quarter.
2. Sales outlook
Triple Flag expects 2026 sales of 100,000 to 110,000 gold equivalent ounces (GEOs) and maintained its 2030 outlook of 150,000 to 160,000 GEOs. The company said Polo Sur may contribute GEOs earlier than previously expected.
