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MP Materials (MP)
NYSE:MP
Holding MP?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -19.02%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant operational achievements, including record production levels in both upstream and midstream operations, and strategic financial management with tax credits and a strong cash position. Despite some challenges in pricing, production downtime, and scalability of midstream operations, the overall progress and future outlook remain strong.Company Guidance
During the MP Materials Q3 2024 earnings call, the company provided robust guidance and highlighted several key metrics. They achieved a record upstream production of 13,742 metric tons of contained rare earth oxide (REO), marking a 15% increase from their previous best quarter. Midstream operations also reached a new high with the production of 478 metric tons of NdPr oxide, a 76% rise from Q2, surpassing their guidance of 50% sequential growth. The company anticipates Q4 NdPr oxide production to remain flat due to planned maintenance but expects a significant acceleration in Q1 2025. Financially, MP Materials reported a 20% year-over-year revenue increase due to strong concentrate and NdPr oxide sales, despite experiencing a 23% decline in realized REO pricing. They also anticipate generating positive gross margins from midstream operations by the end of Q1 2025, assuming stable pricing. Additionally, the company's capital expenditure for 2024 is projected to be approximately $200 million, with plans to defer part of this into 2025, maintaining a strong balance sheet with $866 million in cash and equivalents.Record Upstream Production
Achieved a new upstream production record of 13,742 metric tons of REO, a 15% increase over the previous best quarter.
Midstream NdPr Oxide Production Surge
Produced a record 478 metric tons of NdPr oxide, representing a 76% increase from the second quarter.
Revenue and EBITDA Growth
20% year-over-year increase in revenues despite negative pricing compares; $15.9 million sequential improvement in EBITDA.
Strategic Tax Credit Benefit
Received positive news on the 45x advanced manufacturing production tax credit, now granting a 10% credit on costs related to critical minerals.
Magnetics Business Progress
Commissioning of electrolysis cells in Fort Worth with expectations to deliver metal and on-spec magnets by year-end.
Strong Cash Position
Ended Q3 with approximately $866 million of cash and equivalents after repurchasing $24.3 million of shares.
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MP 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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MP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $19.98 | $19.50 | -2.40% |
| Aug 01, 2024 | $12.68 | $11.17 | -11.91% |
| May 02, 2024 | $15.96 | $15.41 | -3.45% |
| Feb 22, 2024 | $15.66 | $15.00 | -4.21% |
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 MP Materials (MP) report earnings?
MP Materials (MP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is MP Materials (MP) earnings time?
MP Materials (MP) 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 MP EPS forecast?
MP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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