ERO Q1 2026

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Earnings

Ero Copper posted a sharper-than-expected first quarter for 2026, delivering adjusted EPS of $0.69 against a consensus estimate of $0.52, a beat of nearly 32%, even as reported revenue of $263.17 million fell short of the $341.76 million analysts had… Read more Ero Copper posted a sharper-than-expected first quarter for 2026, delivering adjusted EPS of $0.69 against a consensus estimate of $0.52, a beat of nearly 32%, even as reported revenue of $263.17 million fell short of the $341.76 million analysts had anticipated. The revenue miss came largely from constrained gold output at Xavantina, where a scheduled ventilation and cooling infrastructure installation held production to just 5,495 ounces at elevated all-in sustaining costs of $4,441 per ounce; the tie-in was substantially complete by end of April, and gold output is expected to be heavily weighted toward the second half. On the copper side, the story was considerably stronger, with revenue from that segment climbing to $220.70 million from $109.50 million a year ago, helped by a 36% higher realized copper price of $5.53 per pound and a 48% increase in volumes sold, driving total revenue growth of 110.4% year over year. Adjusted EBITDA nearly doubled to $125.19 million, net debt fell to $490.69 million, and Ero reaffirmed its full-year copper production guidance of 67,500 to 77,500 tonnes alongside capital expenditure of $275 to $320 million, signaling confidence heading into a back-half-weighted year.