Newmont Q3 2026 10-Q: $2.5B Net Income, $7.3B Nine-Month Free Cash Flow, $5.2B Buyback
NEM sits 52% above its 52-week low of $76.047.
Summary
Newmont's Q3 10-Q shows $2.5 billion of quarterly net income and $7.3 billion of nine-month free cash flow, funding $5.2 billion of buybacks and leaving $8.8 billion of cash against $5.1 billion of debt. Cadia's seismic outage and Ghana's higher taxes are the drags; a $1.95 billion Barrick payment is due in Q4.
Key Events · Earnings and Guidance · NEM
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Q3 Earnings With Full Financials
Sales of $6,363 million versus $5,524 million a year ago; net income attributable to Newmont of $2,475 million, or $2.35 per diluted share, versus $1,832 million.
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Nine-Month Free Cash Flow $7.3B
Operating cash flow of $9,477 million less $2,216 million of capital additions produced $7,261 million of free cash flow, up from $4,486 million in the prior-year period.
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Buybacks Shrink Share Count
$5,241 million of stock repurchased in the nine months plus $451 million settled in October; shares outstanding fell from 1,096 million at December 31, 2025 to 1,050 million at September 30, 2026, with $3,210 million left on the $6.0 billion authorization.
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Cadia Seismic Hit and Ghana Taxes
Cadia Q3 gold production fell 37% and GEO-other-metals 64% after the April seismic event, with $28 million of incremental non-productive costs; Ghana's new regime lifts corporate tax to 35% with a 5%-12% sliding royalty and 8% dividend withholding.
Analysis · NEM · Energy & Transportation
This morning's 8-K gave the headline; the 10-Q is where the balance sheet and cash story live. Newmont converted $9.5 billion of nine-month operating cash flow into $7.3 billion of free cash flow while cutting debt to $5.1 billion, leaving $8.8 billion of cash and a $3.2 billion net cash position. That cash funded $5.2 billion of buybacks in the nine months, with $451 million more settled in October and $3.2 billion still authorized — a real reduction in share count (1,096 million at year-end 2025 to 1,050 million at September 30) rather than just a headline. The offsets are operational: Cadia's April seismic event cut Q3 gold output 37% and GEO-other-metals 64% at that mine and added $28 million of idle costs, while Ghana's new fiscal regime (35% corporate rate, sliding 5%-12% royalty, 8% dividend withholding) raises the cost base at Ahafo. Next balance-sheet event to size: the pending $1.95 billion cash payment to Barrick for the NGM property contribution, expected in Q4 2026.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1013 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEM was trading at $115.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $120.2B. The 52-week trading range was $76.05 to $135.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.