Newmont Reports Strong Q2 2026: $2.2B Net Income, $2.2B Free Cash Flow, $1.7B in Buybacks
NEM sits 57% above its 52-week low of $59.96.
Summary
Newmont posted Q2 2026 net income of $2.2 billion and record second-quarter free cash flow of $2.2 billion, returning $1.9 billion to shareholders via buybacks and dividends. Production of 1.3 million ounces keeps full-year guidance on track.
Key Events · Earnings and Guidance · NEM
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Q2 Earnings Beat
Net income of $2.2 billion, or $2.06 per diluted share; adjusted net income of $2.2 billion, or $2.10 per diluted share; adjusted EBITDA of $3.8 billion.
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Record Free Cash Flow
Generated $2.2 billion in free cash flow, a second-quarter record, driven by $2.9 billion in operating cash flow before working capital changes.
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Massive Shareholder Returns
Returned $1.9 billion to shareholders since the last earnings call, including $1.7 billion in share repurchases; $4.3 billion remains under the $6 billion buyback authorization.
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Production On Track
Produced 1.3 million attributable gold ounces; full-year 2026 guidance of 5.3 million ounces reaffirmed. Cadia operations returned to normal in mid-June after a seismic event.
Analysis · NEM · Energy & Transportation
Newmont delivered robust second-quarter results, with net income of $2.2 billion and record second-quarter free cash flow of $2.2 billion. The company returned $1.9 billion to shareholders through buybacks and dividends, repurchasing $1.7 billion in stock since the last earnings call. Production of 1.3 million attributable gold ounces keeps the company on track for full-year guidance of 5.3 million ounces. Costs rose sequentially due to lower by-product credits and the Cadia seismic event, but year-to-date costs remain below full-year guidance. The balance sheet is fortress-like with $9 billion in cash and a net cash position of $3.4 billion. The results reinforce Newmont's ability to generate massive free cash flow at current gold prices and return capital aggressively while investing in growth projects like Red Chris.
At the time of this filing, NEM was trading at $94.28 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $101.1B. The 52-week trading range was $59.96 to $134.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.