Franco-Nevada Reports Q3 2026 Revenue Growth Driven by Higher Gold and Oil Prices
Franco-Nevada (FNV) reported strong third-quarter 2026 financial results, with revenue rising 13% year-over-year to $549.3 million. This growth was primarily fueled by elevated gold and oil prices, leading to an adjusted net income of $364.5 million ($1.89 per share) compared to $275 million in the prior-year period. Adjusted EBITDA reached $493.9 million, maintaining a robust 89.9% margin. Despite revenue gains, gold ounce deliveries saw a 6% decrease due to lower production from Cobre Panamá and Antapaccay. Consequently, the company narrowed its full-year 2026 gold ounce guidance to 525,000–555,000 ounces. However, energy asset revenue guidance was raised significantly to $300 million–$330 million due to strong West Texas Intermediate oil performance. The company maintains a strong liquidity position with $4.8 billion in available capital.
Topics: EBITDA Gold Prices Guidance Revision Net Income Oil Prices Revenue Growth