Southern Copper Q2 net income up 26.6% to $547.5M; EPS $0.71

SOUTHERN COPPER CORP/

2023-Q2 EPS reported $1.76 revenue$5,094,600,000

Revenue $2,300.7M (-0.3% YoY) on lower copper (-10.9%) and zinc (-35.4%) prices.
Net income $547.5M, up 26.6%; EPS $0.71 vs $0.56; EBITDA margin 48.5%.
Copper production 227,533 tons (+9.2% QoQ); sales volumes +12.1% YoY.
Operating cash flow 6M23 $1,982.3M, +75.3% from 6M22.
Dividend of $1.00/share declared, payable Aug 23, 2023.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHERN COPPER CORP/ reported quarter ended June 30, 2023 results: net income $547.5 million.

Period: quarter ended June 30, 2023
Net income: $547.5 million
Result: reported results

Exact text from the filing

: -1375 27, 2023 Despite an increase in sales volume for copper (+12.1%) and zinc (+12.9%) 2Q23 net sales were $2,300.7 million, slightly below 2Q22’s figure principally due to lower metal prices for copper (-10.9%, LME) and zinc (-35.4%) and to a decrease in sales volumes for silver (-8.9%).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHERN COPPER CORP/ reported quarter ended June 30, 2023 results: net income $547.5 million.

Period: quarter ended June 30, 2023
Net income: $547.5 million
Result: reported results

Exact text from the filing

● 2Q23 net income was $547.5 million, which represents a 26.6% increase with regard to the $432.3 million registered in 2Q22.

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Source: SEC EDGAR

accession 0001558370-23-012464

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