Published on 11 Aug 2022 on Zacks via Yahoo Finance

Franco-Nevada (FNV) Q2 Earnings & Sales Beat Estimates, Up Y/Y

Franco-Nevada Corporation FNV reported adjusted earnings of $1.02 per share in second-quarter 2022, beating the Zacks Consensus Estimate of 96 cents per share. The bottom line increased 7% year over year.The company generated record revenues of $352 million in the reported quarter, up 1.5% year over year. The upside was driven by higher realized oil and gas prices from its Energy assets. The top line surpassed the Zacks Consensus Estimate of $330 million. During the June-end quarter, 69.2% of revenues were sourced from Precious Metal assets (54.1% gold, 10.2% silver and 4.9% platinum group metals).The company sold 131,574 Gold Equivalent Ounces (GEOs) from precious metal assets in the reported quarter, down from the prior-year quarter’s 145,9637 GEOs. Higher contributions from Hemlo, Gold Quarry and Subika (Ahafo) were more than offset by lower deliveries from Antamina, Guadalupe, Goldstrike and Stillwater.During the reported quarter, adjusted EBITDA was up 4% year over year to $301 million.

FrancoNevada Corporation Price, Consensus and EPS Surprise