earnings
confidence high
sentiment negative
materiality 0.75
Southern Copper Q3 2022 net income $519M, EPS $0.67; dividend $0.50/share
SOUTHERN COPPER CORP/
2022-Q3 EPS reported
$2.25
revenue$7,227,600,000
- Net sales $2,156.9M (-19.5% YoY); net income $519.0M (-40.2%); EPS $0.67 vs $1.12. Operating cash cost $1.03/lb (+77.6%).
- Copper production 230,522 tons (-6% QoQ); Cuajone recovery after 54-day illegal blockage. Operations expected to reach 94% of 2022 plan.
- Adjusted EBITDA $1,017.9M (-40.4% YoY); margin 47.2% vs 63.8% a year ago. Cash from ops $590.1M.
- Board declared $0.50/share dividend, payable Nov 23, record Nov 9. Capital investments $227.9M in quarter.