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MP Materials (MP)
NYSE:MP
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
MP Materials reported a record-breaking year in REO production and significant achievements in midstream and magnetics, including new agreements and the first commercial production of NdPr metal in the US. However, challenges such as declining NdPr prices, Materials segment EBITDA losses, and elevated production costs in the midstream tempered the overall performance. The company remains optimistic about its growth trajectory and cost management improvements.Company Guidance
In the MP Materials fourth quarter 2024 earnings call, the company provided several key metrics and guidance for the upcoming year. They reported a record production of 45,455 metric tons of rare earth oxides (REO), marking a 9% increase from 2023. The midstream operations produced 1,294 metric tons of NdPr oxide, a significant increase from 200 tons the previous year, with a target of over 20% sequential growth in Q1 2025. MP Materials also achieved critical milestones in their Magnetics division, including the commercial production of NdPr metal in the U.S. and initiating trial production of automotive-grade magnets. Financially, the company reported a consolidated adjusted EBITDA loss of $14.1 million for 2024, influenced by lower market pricing, ramping production costs, and a $21.5 million inventory write-down, partially offset by a $12.2 million tax credit. They expect to achieve gross margin profitability in midstream operations soon and anticipate magnet production revenues in 2026. The company projects 2025 capital expenditures between $150 million and $175 million and expects to receive additional customer prepayments and tax credits to support cash flow.Record-Breaking REO Production
MP Materials set a new record by producing 45,455 metric tons of REO in 2024, which is a 9% increase compared to 2023.
Midstream NdPr Oxide Production Surge
NdPr oxide production skyrocketed to 1,294 metric tons in 2024, a significant increase from 200 tons in the previous year.
New Agreements and Customer Commitments
MP Materials signed new agreements with the Department of Defense for NdPr and lanthanum and secured a substantial direct volume commitment from a top five global automaker.
First Commercial Production of NdPr Metal in the US
MP Materials started producing NdPr metal at Independence, marking the first time rare earth metal has been commercially produced in the US in at least a generation.
Significant Customer Prepayments
Received a total of $100 million in customer prepayments in 2024, with an additional $50 million expected soon.
Strong Balance Sheet Management
Pushed out debt maturities to 2030 and retired over 90% of 2026 notes at a discount, buying back 8.6% of outstanding 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 |
|---|---|---|---|
| Feb 20, 2025 | $23.18 | ― | ― |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is MP Materials (MP) earnings time?
MP Materials (MP) earnings time is at May 01, 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 2025 (Q1) is -0.11.
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