Q1 25 EPS
$0.05
BEAT +0.20%
Est. $0.05
Q1 25 Revenue
$261.3M
BEAT +9.50%
Est. $238.7M
vs S&P Since Q1 25
+156.0%
BEATING MARKET
HL +188.7% vs S&P +32.6%
Market Reaction
Did HL Beat Earnings? Q1 2025 Results
Hecla Mining delivered a clean beat to open 2025, with first-quarter revenue of $261.34 million clearing the $238.66 million consensus by 9.50% and climbing 37.9% from a year ago, while earnings of $0.05 per share edged past the $0.05 estimate. The p… Read more Hecla Mining delivered a clean beat to open 2025, with first-quarter revenue of $261.34 million clearing the $238.66 million consensus by 9.50% and climbing 37.9% from a year ago, while earnings of $0.05 per share edged past the $0.05 estimate. The primary engine behind the quarter was a combination of elevated precious metals prices and broad operational improvement across Hecla's portfolio, with Adjusted EBITDA reaching $90.79 million, and the company swinging to net income of $28.73 million compared to a loss of $5.89 million in the year-ago period. Keno Hill contributed meaningfully for the first time, posting its first profitable quarter under Hecla's ownership, though management was candid that sustainable profitability there requires throughput of 500 to 600 tons per day. Looking ahead, Hecla maintained its 2025 silver production guidance of 15.5 to 17.0 million ounces, while revising Lucky Friday cost estimates higher due to labor and contractor pressures, a consideration that some analysts have flagged alongside the company's existing debt load.
Key Takeaways
- • Higher realized precious metals prices drove record quarterly sales
- • Greens Creek benefited from 10% increase in silver grade milled and higher realized gold prices for by-product credits
- • Lucky Friday set new quarterly milling record of 108,745 tons
- • Keno Hill silver production increased 23% sequentially to 772,430 ounces due to higher mill throughput
- • Keno Hill posted first profitable quarter under Hecla ownership with $1 million gross profit
- • Lower ramp-up and suspension costs decreased by $6.3 million as Keno Hill generated gross profit
HL YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
HL Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter demonstrates the strength and growth potential of our business, with record sales of $261.3 million representing a 5% increase over the prior quarter. With record Adjusted EBITDA of $90.8 million this quarter and $357.1 million over the past year, we have improved our net leverage ratio to 1.5x, reinforcing our solid financial foundation.”
— Rob Krcmarov, Q1 2025 Earnings Press Release
HL Earnings Trends
HL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HL EPS Trend
Earnings per share: estimate vs actual
HL Revenue Trend
Quarterly revenue: estimate vs actual
HL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.23 | $0.25 | +10.62% | $411.4M | -4.86% |
| Q4 25 BEAT FY | $0.18 | $0.20 | +10.19% | $448.1M | +26.13% |
| FY Full Year | — | $0.49 | — | $1.42B | — |
| Q3 25 BEAT | $0.09 | $0.12 | +26.45% | $409.5M | +26.36% |
| Q2 25 BEAT | $0.05 | $0.08 | +48.70% | $304.0M | +17.99% |
| Q1 25 BEAT | $0.05 | $0.05 | +0.20% | $261.3M | +9.50% |
| Q4 24 MISS FY | $0.05 | $0.02 | -61.24% | $249.7M | +4.18% |
| FY Full Year | — | $0.06 | — | $929.9M | — |
| Q3 24 MISS | $0.05 | $0.03 | -40.00% | $245.1M | +6.84% |
| Q2 24 MISS | $0.04 | $0.02 | -50.00% | $245.7M | +12.07% |
| Q1 24 | — | — | — | — | — |
| Q4 23 | — | — | — | — | — |
| Q3 23 | — | — | — | — | — |
| Q2 23 | — | — | — | — | — |