NYSE:FNV

Track all markets on TradingView - Prices are not updated in real time
Franco-Nevada Rises 4.2% After Hours as Higher Gold and Oil Prices Drive Q3 Earnings Growth

Franco-Nevada (NYSE: FNV) shares rose about 4.2% in after-hours trading after the company reported higher third-quarter revenue, cash flow and earnings, supported by stronger gold and oil prices.

Third-quarter revenue increased 13% year over year to $549.3 million, while operating cash flow rose 23% to $429.2 million. Adjusted EBITDA increased 15% to $493.9 million, or $2.56 per share.

Net income climbed 38% to $395.5 million, or $2.05 per share, while adjusted net income rose 33% to $364.5 million, or $1.89 per share.

The stronger financial results came despite lower attributable volumes. Total GEOs sold declined 6% to 130,435, while net GEOs sold fell 3% to 120,857. Management said precious-metals deliveries were slightly below expectations, but stronger oil and natural gas liquids pricing boosted diversified revenue.

Franco-Nevada narrowed its 2026 total GEO sales guidance to 525,000-555,000 ounces from the previous 510,000-570,000 range, effectively moving the outlook toward the midpoint. Diversified revenue guidance was raised to $300-$330 million from $245-$285 million.

The company also ended September with $4.8 billion of available capital and no debt, providing substantial flexibility for new royalty and streaming investments.

The 4.2% after-hours gain appears to reflect strong earnings and cash-flow growth, an improved diversified revenue outlook and Franco-Nevada’s debt-free balance sheet, despite somewhat softer precious-metals GEO volumes.
💬
Author
European Investor 11-12-26
Franco-Nevada Stock Falls 1.7% Despite Strong Q2 Growth and Higher 2026 Outlook

Franco-Nevada (NYSE: FNV) shares fell 1.7% after the precious-metals royalty and streaming company reported second-quarter results showing strong year-over-year growth, while indicating that production remains weighted toward the second half of 2026.

The decline comes despite substantial improvements across most of the company's key financial metrics, suggesting investors may be taking profits or focusing on the timing of future production and deliveries following a strong precious-metals environment.

Revenue Jumps 57% as Gold and Silver Prices Support Results

Franco-Nevada generated Q2 revenue of $580.9 million, up 57% from a year earlier, while gold-equivalent ounces sold increased 18% to 132,405. Operating cash flow rose 12% to $482.5 million.

Adjusted EBITDA increased 45% to $529.7 million, while adjusted net income climbed 46% to $349.2 million, or $1.81 per share. Net income rose 43% to $354 million, or $1.84 per share.

Higher commodity prices were an important contributor. Franco-Nevada said results benefited from stronger precious-metal and oil prices, alongside increased contributions from several portfolio assets. Precious metals represented 86% of Q2 revenue, including 70% from gold and 14% from silver.

First-half results were also strong, with revenue reaching a record $1.23 billion, up 67%, while adjusted net income increased 82% to $807.5 million.

Cobre Panamá Adds to Second-Half Growth Potential

The outlook was constructive. Franco-Nevada said it is tracking toward the upper half of its 2026 guidance range, supported partly by elevated oil prices and anticipated deliveries associated with processing stockpiled material at Cobre Panamá.

Processing of stockpiled ore at Cobre Panamá has restarted after two years of halted operations. Franco-Nevada expects stream deliveries associated with the program to begin in Q3, with one-third of expected deliveries anticipated during the second half of 2026.

Management expects portfolio production to be weighted toward the second half, driven by assets including Candelaria, Tocantinzinho, Côté Gold, Greenstone and Valentine. With expected Cobre Panamá deliveries included, the company is tracking toward the upper half of its full-year guidance of 510,000 to 570,000 GEOs.

The 1.7% share-price decline therefore contrasts with generally strong operating trends. With revenue and earnings growing sharply and second-half production expected to strengthen, the market reaction appears more consistent with near-term profit-taking or elevated expectations than with deterioration in Franco-Nevada's underlying business.
💬
Author
European Investor 08-12-26
Franco-Nevada Flat in Premarket Despite Record Quarter as Gold Pullback Caps Enthusiasm

May 12, 2026 | NYSE: FNV

Franco-Nevada delivered a genuinely exceptional quarter by almost every financial measure, yet the stock is barely moving in premarket — a reflection of a gold price that has retreated sharply today, directly pressuring the near-term revenue outlook for the world's preeminent royalty and streaming company.

The numbers themselves are hard to fault. Revenue reached $650.7 million, up 77% year-on-year and a new record. Operating cash flow surged 80% to $520.4 million, also a record. Adjusted EBITDA of $591.9 million grew 84%, and net income more than doubled, rising 123% to $468.6 million. GEOs sold increased 8% to 136,353 ounces, with precious metals accounting for 87% of revenue — gold at 67%, silver at 17%.

Several factors amplified the quarter beyond pure operational performance. The Cascabel stream and NSR buy-back by SolGold and Jiangxi Copper delivered a $63.8 million gain. A $49.5 million tax refund from the Canada Revenue Agency boosted operating cash flow. And newly acquired assets — Côté Gold, Porcupine, Casa Berardi, and the i-80 Gold royalty — added incremental contributions. The company also closed its quarter with $3.4 billion in available capital, giving it ample firepower for further portfolio additions.

The Cobre Panamá situation, long a drag on sentiment, provided a modest positive update. Panama authorized the removal and processing of stockpiled ore, with First Quantum estimating production of approximately 70,000 tonnes of copper — translating to roughly 23,100 gold ounces and 265,000 silver ounces in stream deliveries to Franco-Nevada, mostly in 2027.

The flat premarket reaction likely comes down to two things. First, today's gold price decline toward $4,690 — driven by hot US inflation data and a rebounding dollar — creates an unfavorable near-term backdrop for a company whose guidance assumes $4,500 per ounce gold. Second, much of the quarter's strength came from one-time items including the Cascabel buy-back gain and the CRA refund, which won't repeat. Strip those out and the underlying quarter, while still strong, looks less extraordinary.

Franco-Nevada's royalty model remains one of the most attractive structures in mining — insulated from cost inflation, benefiting from rising oil prices through its energy interests, and sitting on a fortress balance sheet. Today's flat reaction is a function of market timing, not fundamental weakness.
💬
Author
Global Finance News 05-13-26