Ero Copper Reports Record Q3 2026 Adjusted EBITDA and Strong Cash Flow
Ero Copper (ERO) reported robust third-quarter 2026 financial results, highlighted by a record adjusted EBITDA of $200.6 million, representing a 39% sequential increase. Revenue rose 22% to $348 million, driven by increased sales volumes in both copper and gold. The company also achieved an all-time record cash flow from operations of $191.2 million, benefiting from strong operating performance and favorable metal prices. The company significantly strengthened its balance sheet by reducing net debt by $99 million during the quarter, bringing the net debt leverage ratio down to 0.5x. While copper production remains steady with full-year guidance maintained, gold production guidance was increased to 75,000–80,000 ounces due to higher recovery rates from historic concentrate stockpiles. Despite some inflationary pressures and currency impacts affecting cash costs, the company's liquidity remains strong at $264.1 million.
Tickers: $ERO
Topics: Copper Production Debt Reduction EBITDA Record Gold Sales Revenue Growth
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Part of the story SM Energy Reports Q3 2026 Results with Strong Free Cash Flow and Debt Reduction (17 articles)