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Pilbara Minerals Limited (AU:PLS)
:PLS
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 25, 2024
|% Change Since: -45.36%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in the midst of a strategic transition with strong operational performance, successful project milestones, and safety improvements. However, financial metrics reveal challenges with declining revenues and realized prices, as well as a negative cash margin in the December quarter. The company's focus on cost reduction and strategic growth options are positive, but the impact of market price volatility and increased unit costs present significant challenges.Company Guidance
During the December quarterly conference call, Pilbara Minerals provided detailed guidance on their financial and operational performance for the fiscal year 2025. Significant highlights included the P850 operating model, which is expected to improve cash flow by approximately $200 million in FY 2025. Production volumes for the December quarter were 188,000 tonnes, while sales volumes exceeded production at 204,000 tonnes. The unit operating costs stood at $621 per tonne FOB, with revenue reaching AUD $216 million. The P1000 project is 95% complete, with commissioning underway. The company reported a positive cash margin from operations of $41 million for the half-year, despite lower average realized prices. Pilbara Minerals emphasized their commitment to cost reduction and maintaining a strong balance sheet, while also highlighting growth opportunities through strategic project developments like the P680 and P1000 expansions. During the Q&A, questions were addressed regarding market conditions, pricing strategies, and future growth options, alongside operational efficiencies and potential financial impacts from the transition to an owner-operator mining model.P850 Operating Model Implementation
During the December quarter, the P850 operating model was announced and implemented, expected to deliver a cash flow improvement of approximately $200 million in FY 2025. The transition of the Ngungaju processing plant into care and maintenance was executed smoothly.
Production and Sales Volumes
Production volumes were 188,000 tonnes for the period, while sales volumes exceeded production at 204,000 tonnes. Unit operating costs were $621 per tonne FOB.
P1000 Project Milestone
The P1000 project reached a significant milestone with construction largely complete and tie-ins underway. The project is on budget and on schedule, with wet commissioning currently in progress.
Safety Improvements
The total recordable injury frequency rate dropped from 4.03 in the prior quarter to 3.58, marking the best quarterly performance over the last three years.
Cash Balance and Operational Cash Margin
The Group's cash balance at 31 December was $1.2 billion. The cash margin from operations was $41 million for the half, showing strong cash-generating capability even at low average realized prices.
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AU:PLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:PLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2024 | AU$3.66 | AU$3.66 | 0.00% |
| Aug 24, 2023 | AU$4.96 | AU$4.56 | -8.02% |
| Feb 23, 2023 | AU$4.03 | AU$4.23 | +5.17% |
| Aug 22, 2022 | AU$3.00 | AU$3.09 | +3.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pilbara Minerals Limited (AU:PLS) report earnings?
Pilbara Minerals Limited (AU:PLS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Pilbara Minerals Limited (AU:PLS) earnings time?
Pilbara Minerals Limited (AU:PLS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Pilbara Minerals Limited stock?
The P/E ratio of Pilbara Minerals Limited is N/A.
What is AU:PLS EPS forecast?
AU:PLS EPS forecast for the fiscal quarter 2025 (Q2) is -0.02.
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