Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits ...
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Est. EPS $1.12 · Revenue $922.66M · 7 analysts
Est. EPS $1.27 · Revenue $1.03B · 6 analysts
Est. EPS $4.78 · Revenue $3.69B · 8 analysts
Est. EPS $1.34 · Revenue $1.13B · 2 analysts
$0.72 per share
$0.72 per share
EPS $1.19 · Revenue $929.20M
EPS $1.26 · Revenue $888.98M
EPS $3.29 · Revenue $2.36B
EPS $0.81 · Revenue $476.26M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.4B | +83.3% | +4.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.5B | +183.0% | -5.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +72.2% | +15.5% | -4.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +68.8% | +42.4% | -4.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +63.6% | +54.4% | -9.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $573.6M | +55.3% | -656.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +24.4% | -15.3% | -632.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.1% | +27.7% | +24508.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 7.78x | -72.3% | -89.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $9.2B | +23.3% | +23.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.29 vs 2.92 | +12.9% | 1.19 vs 1.12 | +6.0% |
| Revenue Surprise | $2.4B vs $2.2B | +6.0% | $929.2M vs $922.7M | +0.7% |
Operator: Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals' 2026 Second Quarter Results Conference Call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded on Friday, August 7, 2026, at 11:00 a.m. Eastern Time. I will now turn the conference over to Emma Murray, Vice President of Investor Relations. Please go ahead. Emma Murray: Thank you, Julianne. Good morning, ladies and gentlemen, and thank you for participating in today's call. I'm joined today by Haytham Hodaly, Wheaton Precious Metals' President and Chief Executive Officer; Vincent Lau, Chief Financial Officer; Wes Carson, Vice President of Mining Operations; and Neil Burns, Vice President, Corporate Development. Please note for those not currently on the webcast, a slide presentation accompanying this conference call is available in PDF format on the Presentations page of our website. Some of the comments on today's call may include forward-looking statements. Please refer to Slide 2 for cautionary information and disclosures. It should be noted that all figures referred to on today's call are in U.S. dollars, unless otherwise noted. With that, I'd like to turn the call over to Haytham Hodaly, Wheaton's President and Chief Executive Officer. Haytham Hodaly: Thank you, Emma, and good morning, everyone. Thank you for joining us today to discuss Wheaton's second quarter results of 2026. The second quarter closed out a record-breaking first half of the year for Wheaton. Through the first 6 months of 2026, the company delivered record performance across many of our key metrics, including production, sales volumes, revenue, earnings and cash flow. In an environment marked by commodity price volatility and cost pressures, these results reflect the continued strength of our high-quality portfolio and the resilience of the streaming business model. In the first half of the year, we achieved record production of 415,000 gold equivalent ounces and record sales volumes of 390,000 gold equivalent ounces, positioning us well to achieve our 2026 production guidance range of 860,000 to 940,000 gold equivalent ounces. Production in the second quarter was bolstered by the initial contribution from our expanded Antamina silver stream and the continued realization of the company's growth strategy with incremental production realized from Hemlo, Fenix, Platreef and Goose. Turning to corporate development. We also continued to execute on our growth strategy during the quarter, completing several additional transactions that further diversify our portfolio. We closed the Antamina silver stream with BHP, a defining milestone for both Wheaton and the industry, representing the largest precious metal streaming transaction ever completed. We announced our first ever streaming transaction in Australia, a gold and silver stream on the Jervois project through our partnership with KGL Resources. We expanded our royalty …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Haytham Henry Hodaly | President, Chief Executive Officer & Director | USD 1,524,063 | Male | — | Active |
Curt Domenico Bernardi | Executive Vice President of Strategy & General Counsel | USD 1,444,086 | Male | 1968 | Active |
Patrick Eugene Drouin | President of Wheaton International & Chief Sustainability Officer | USD 999,181 | Male | — | Active |
Vincent Lau | Senior Vice President & Chief Financial Officer | USD 942,762 | Male | — | Active |
Emma Murray | Vice President of Investor Relations | — | Female | — | Active |
Neil Burns | Vice President of Corporate Development | — | Male | — | Active |
Simona Antolak | Vice President of Communications & Corporate Affairs | — | Female | — | Active |
G. Wesley Carson | Vice President of Operations | — | Male | — | Active |
Tamara Howarth | Vice President of Legal & People | — | Female | — | Active |
Ryan Ulansky | Vice President of Technical Services | — | Male | — | Active |
SIL delivered 68% returns over one year but faced steeper drawdowns, while IAU's lower volatility and 0.25% expense ratio appeal to conservative investors seeking precious metals exposure.
Wheaton Precious Metals operates one of the more unique models in the precious metals mining arena. It's not a pure-play miner, but it's lumped in with that group.
Wheaton Precious Metals (NYSE: WPM) reported record results for the first half of 2026, supported by higher commodity prices, increased sales volumes and contributions from recently added streams and ramping operations. President and Chief Executive Officer Haytham Hodaly said the company recorded first-half highs in production, sales volumes, revenue, earnings and operating cash flow. Wheaton produced
Wheaton Precious Metals beats Q2 earnings estimates as higher metal prices drive revenue growth, wider margins and a stronger cash flow.
Wheaton keeps its 2026 production outlook intact as mine sequencing, Antamina and strong deal capacity support its second-half growth plans.
