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Franco-Nevada falls after Q2 2026 revenue and EPS miss
Q2 revenue was $580.9 million versus $616.7 million expected, and adjusted EPS was $1.81 versus $1.95, despite a 57% year over year revenue gain.
Franco-Nevada’s shares retreated after the company reported Q2 2026 results that were slightly below expectations on both revenue and adjusted earnings per share, even as the underlying business showed strong year over year growth.
The company posted Q2 2026 revenue of $580.9 million, short of the $616.7 million expectation, and adjusted EPS of $1.81, below the forecasted $1.95. After the release, the stock moved lower from prior gains.
MarketBeat Ratings also pointed to the year over year improvement in the quarter, saying revenue rose 57% year over year and adjusted EPS increased about 46% from the prior year, helped by Franco-Nevada’s high-margin, low-cost model that tends to perform when commodity prices rise.
The article linked that earnings backdrop to gold prices, noting that Q2 ended June 30 and spot gold was around $4,400 per troy ounce by Aug. 12, roughly 10% higher than a month earlier, with J.P. Morgan Global Research projecting gold could average $6,000 per ounce in Q4 2026 and approach $6,300 per ounce by end of 2027.
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