Franco-Nevada Logs Higher 3Q Profit, Revenue
By Elias Schisgall
Franco-Nevada reported a higher profit and growing revenue in the third quarter, but said lower-than-expected deliveries of precious metals impacted results.
The gold-focused royalty and streaming company on Wednesday logged a profit of $395.5 million, or $2.05 a share, in the quarter ended Sept. 30. That compares with a profit of $287.5 million, or $1.49 a share, a year earlier.
Stripping out certain one-time items, adjusted earnings were $1.89 a share. Analysts polled by FactSet were expecting $1.74 a share.
Revenue grew 13% to $549.3 million. Analysts were expecting $568.4 million.
Gold equivalent ounces sold during the quarter fell 6% to 130,435.
"Precious metal GEO deliveries were slightly below expectations in the period, although strong oil prices boosted our diversified revenue, and we are now tracking towards the mid-range of our annual guidance," Chief Executive Officer Paul Brink said.
The company had previously said it was tracking toward the upper half of the guidance range.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
November 11, 2026 18:22 ET (23:22 GMT)
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