Wall Street expects a year-over-year decline in earnings on higher revenues when Teck Resources Ltd (TECK) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate Revenues are expected to be $2.9 billion, up 10.6% from the year-ago quarter. Investors should keep in mind that the ...

Core Viewpoint - Teck Resources Limited has successfully completed its offers to purchase outstanding notes, increasing the maximum purchase amount to approximately US$1.384 billion to accept all validly tendered notes [9][10]. Group 1: Offer Details - The total principal amount of notes validly tendered before the expiration date was US$1,367,481,000, with an additional US$16,311,000 tendered under guaranteed delivery procedures [2][4]. - The offers expired at 5:00 p.m. Eastern time on July 15, 2024, with the initial settlement date expected on July 17, 2024 [10]. - Holders of accepted notes will receive the applicable total consideration specified for each US$1,000 principal amount, payable in cash on the settlement date [17]. Group 2: Notes Information - The offers included six separate series of notes, with varying principal amounts outstanding and total considerations [11]. - The principal amounts tendered and accepted for each series of notes were detailed, showing significant participation across all series [11]. - Holders whose notes were accepted will also receive accrued coupon payments, with interest ceasing to accrue on the initial settlement date [12]. Group 3: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition, with operations in North and South America [8]. - The company emphasizes responsible growth and stakeholder trust as part of its operational strategy [8].

Core Viewpoint - Teck Resources Limited has announced the pricing terms for its offers to purchase up to US$1,250,000,000 of its outstanding notes across six separate series, with specific conditions and settlement dates outlined in the Offer to Purchase [7][18]. Group 1: Offer Details - The Offers are subject to the satisfaction or waiver of certain conditions, and Teck will accept notes for purchase based on their Acceptance Priority Level, with a maximum purchase condition in place [2][4]. - The Total Consideration for each series of Notes is calculated based on a fixed spread over the applicable U.S. Treasury yield, with specific amounts detailed for each series [9][16]. - The Initial Settlement Date is expected to be July 17, 2024, and the Guaranteed Delivery Settlement Date is expected to be July 19, 2024 [4][10]. Group 2: Notes Information - The Offers include six series of Notes with varying maturity dates and principal amounts outstanding, including 3.900% Notes due 2030 and 6.250% Notes due 2041, among others [8][16]. - The Total Consideration for the 3.900% Notes due 2030 is $957.01 per $1,000 principal amount, while the 6.125% Notes due 2035 have a Total Consideration of $1,057.76 [8][16]. Group 3: Additional Information - Holders whose Notes are accepted will receive an Accrued Coupon Payment in addition to the Total Consideration, covering interest accrued up to the Initial Settlement Date [11][19]. - Global Bondholder Services Corporation is acting as the Information and Tender Agent for the Offers, providing assistance and additional information as needed [12].

Allocation of the Proceeds From the Deal Background of the Sale On Nov 13, 2023, Teck Resources announced that it agreed to sell its steelmaking coal business for an implied enterprise value of $9 billion. The majority stake (77%) was to be made to Glencore and 20% to Nippon Steel Corporation. The remaining 3% stake was agreed to be taken up by POSCO (PKX) . Per the agreement, on Jan 3, 2024, Nippon Steel acquired the 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations and a pa ...

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that its Board of Directors has declared an eligible dividend of $0.625 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on September 27, 2024 to shareholders of record at the close of business on September 13, 2024, consisting of the $0.125 per share base dividend and a one-time supplemental dividend of $0.50 ...

About Teck Investor Contact: Fraser Phillips Senior Vice President, Investor Relations & Strategic Analysis 604.699.4621 fraser.phillips@teck.com VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced that it has completed the sale of its remaining 77% interest in the steelmaking coal business to Glencore plc. Teck received total cash proceeds of US$7.3 billion, subject to customary closing adjustments. Teck is a le ...

VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") will release its second quarter 2024 earnings results before market open on Wednesday, July 24, 2024. Date: Wednesday, July 24, 2024 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: here Dial In for Investor & Analyst Q&A: 647.484.8814 or 1.844.763.8274 Quote "Teck Resources", to join the call Alternate, pre-register to the call for Q&A: registration link About Teck Teck ...

Importantly, an additional 4.5 million to 5 million tonnes of copper demand growth will flow from green expansions and refurbishment, urbanization and a growing global middle class. Moving on to the zinc market on slide 17. Zinc prices have been under pressure for most of 2023 and into Q1 2024, with prices falling a further 2% over Q4 2023. These lower prices have forced the closure of around 500,000 tonnes of mine production, which will continue through 2024. With an additional 120,000 to 150,000 tonnes lo ...

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Teck Resources Limited (NYSE:TECK) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Fraser Phillips - SVP, IR and Strategic Analysis Jonathan Price - CEO Crystal Prystai - SVP, Corporate Controller and CFO Shehzad Bharmal - SVP, Base Metals Tyler Mitchelson - SVP, Copper Growth Ian Anderson - CCO Conference Call Participants Orest Wowkodaw - Scotiabank Liam Fitzpatrick - Deutsche Bank Timna Tanners - Wolfe Research Dalton Baretto - Canaccord Genuity Carlos De Alba - Morgan ...