NYSE$SCCO

Southern Copper Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Southern Copper reported Q1 2025 net sales of $3.12B with net income attributable to SCC of $945.9M.

Net sales increased 20% to $3.12 billion on higher copper, silver, and zinc prices and volumes. Net income attributable to Southern Copper Corporation was $945.9 million as metal price tailwinds offset higher cost of sales and tax expense.

  • Q1 net sales $3.12B (+20% YoY).
  • Net income attributable to SCC $945.9M (+28% YoY).
  • Copper LME price +10.7% YoY cited in release.
  • Production and expansion projects in Peru and Mexico.

Headline financials

Total Revenue

$3.12B

Previous: $2.6B+20.1%
EPS (adj)

$1.01

Previous: $0.95+6.3%
Copper Production (tons)

239.5K

Previous: 237.9K+0.6%
Molybdenum Mined (tons)

7.0K

Previous: 7.2K-2.6%
Zinc Mined (tons)

43.1K

Previous: 16.9K+154.9%
Silver Mined (000sounces)

5.7K

Previous: 4.8K+18.3%
Adjusted EBITDA Margin

54.1%

Previous: 46.0%+17.6%
Net Income Margin

28.5%

Previous: 19.4%+46.9%
Operating Cash Cost per Pound of Copper

$0.96

Previous: $1.25-23.2%
Capital Expenditures

-$318M

Previous: -$214M-48.6%
Net Income

$949M

Previous: $739M+28.5%
Operating Income

$1.31B

Previous: $1.19B+9.9%

Revenue & EPS history

Southern Copper · Revenue · Quarterly

$3.12B

Q1 2025+20.1%vs Q1 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Southern Copper · $4.68M total across 4 segments · Q3 2023

  • Silver Sales Volume (000sounces)
    $4.42M
  • Copper Sales Volume (tons)
    $225K
  • Zinc Sales Volume (tons)
    $24.9K
  • Molybdenum Sales Volume (tons)
    $6.94K

Forward guidance

Integrated energy filers discuss production, capital spending, and shareholder returns rather than quarterly EPS guidance in the 10-Q.

Tailwinds

  • Portfolio high-grading and cost discipline.
  • Dividends and buybacks when cash flow allows.
  • Major project ramp-ups (e.g., Tengiz) supporting volumes.

Headwinds

  • Commodity price and margin volatility.
  • Higher depreciation as large projects reach capacity.
  • Regulatory and geopolitical risks to operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.6%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.8%

Avg return

30 days after

51%

37 / 73 earnings

Positive

+7.1%

Q2 2015

Best reaction

-6.5%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%+1.5%+14.9%
Q4 2025-4.5%-1.0%+12.9%
Q3 2025+4.1%+4.4%+0.8%
Q2 2025-2.7%+1.0%+3.1%
Q1 2025+0.1%-1.8%+2.1%
Q4 2024+0.2%+3.4%+2.0%
Q3 2024+1.5%+2.2%-8.2%
Q2 2024+1.2%-2.9%+0.9%
Q1 2024+7.1%+6.8%+7.6%
Q4 2023-4.9%-2.1%-3.7%
Q3 2023-0.9%+1.9%+7.2%
Q2 2023+1.4%+1.0%-7.4%
Q1 2023-0.1%+1.8%-11.0%
Q4 2022-3.4%-4.6%+0.3%
Q3 2022-4.2%+1.7%+19.5%
Q2 2022-1.8%+1.2%+2.9%
Q1 2022+0.8%-1.4%-0.4%
Q4 2021+0.2%-1.1%+17.7%
Q3 2021-6.5%-8.5%-9.6%
Q2 2021+0.7%+1.5%-5.4%
Q1 2021+0.2%-4.8%-5.1%
Q4 2020-1.8%-6.5%+10.5%
Q3 2020+0.0%+0.8%+15.5%
Q2 2020-3.9%-5.1%+0.5%
Q1 2020+5.5%+12.2%+13.9%
Q4 2019-3.0%-6.9%-21.4%
Q3 2019-0.3%+1.8%+5.0%
Q2 2019+0.1%-0.7%-19.8%
Q1 2019-1.3%-3.0%-12.3%
Q4 2018-1.8%+4.3%+19.0%
Q3 2018-0.6%-3.5%-13.6%
Q2 2018+6.9%+7.8%-2.6%
Q1 2018+2.4%-1.3%-4.8%
Q4 2017+3.1%+12.2%+20.0%
Q3 2017+0.3%+0.8%-0.8%
Q2 2017-0.1%-0.0%+3.5%
Q1 2017-0.6%-0.1%+1.9%
Q4 2016-0.4%-1.7%-3.5%
Q3 2016+0.8%-4.8%+19.3%
Q2 2016-1.7%-2.2%-1.2%
Q1 2016-0.1%
Q4 2015-2.9%
Q3 2015+1.5%
Q2 2015+7.1%
Q1 2015+4.0%
Q4 2014+2.9%
Q3 2014-0.7%
Q2 2014-1.2%
Q1 2014+1.6%
Q4 2013+5.9%
Q3 2013-0.2%
Q2 2013+4.3%
Q1 2013-2.0%
Q4 2012-1.5%
Q3 2012+2.9%
Q2 2012+3.7%
Q1 2012+0.2%
Q4 2011-0.7%
Q3 2011-3.2%
Q2 2011-1.3%
Q1 2011-1.0%
Q4 2010-1.0%
Q3 2010+3.0%
Q2 2010-2.1%
Q1 2010+3.5%
Q4 2009+4.3%
Q3 2008-2.9%
Q3 2009-2.9%
Q4 2008+5.3%
Q4 2007+5.3%
Q2 2008+5.3%
Q1 2009+5.3%
Q2 2009+5.3%

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