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Stanmore Resources Ltd (AU:SMR)
ASX:SMR
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 25, 2024
|% Change Since: 34.41%
|Next Earnings Date:Feb 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a successful year for Stanmore Resources Limited, with the company exceeding production guidance, improving liquidity, and achieving significant safety and project milestones. However, the company also faced challenges due to a difficult metallurgical coal market and weather impacts on mining operations.Company Guidance
In the December 2024 quarterly activities report for Stanmore Resources Limited, the company exceeded its upper guidance with a total saleable production of 13.8 million tonnes for the fiscal year. This performance was underpinned by record Run of Mine production across all core operations. Specifically, for the December quarter, despite a planned 14-day shutdown at South Walker Creek and adverse weather conditions, quarterly saleable production was 3.3 million tonnes. The company reported a slight improvement in its net debt, which stood at US$26 million by year-end, alongside a successful upsizing of its corporate revolving credit facility by US$50 million, bringing it to a total of US$150 million. This adjustment, combined with a cash balance of US$289 million and other credit facilities, resulted in over US$500 million in available liquidity. Safety performance was notable, with the 12-month rolling frequency rate reduced to 0.3, outperforming the industry average of 0.67. The company also progressed in its decarbonization initiatives, including a trial Pongamia plantation. Overall, Stanmore's operational resilience in the face of market challenges and strategic financial management provided a solid foundation for the upcoming fiscal year.Exceeding Production Guidance
Stanmore Resources Limited exceeded its upper guidance for 2024 with a saleable production of 13.8 million tonnes, reflecting consistent business performance.
Improvement in Net Debt and Liquidity
Net debt position improved to US$26 million. Additionally, the corporate revolving credit facility was upsized by US$50 million to a total of US$150 million, resulting in over US$500 million in available liquidity.
Safety Performance
The 12-month rolling frequency rate reduced to 0.3 as of December 31, 2024, compared to the industry average of 0.67, highlighting a strong safety record.
Poitrel Achievements
Poitrel set all-time records in Run of Mine coal production, saleable production, and sales, ultimately exceeding 2024 guidance.
MRA2C Project Milestone
The MRA2C project reached a significant milestone with major earthworks and rehabilitation completed, US$30 million below anticipated spend.
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AU:SMR 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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AU:SMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 11, 2022 | AU$1.86 | AU$2.06 | +10.75% |
| Feb 16, 2022 | AU$0.99 | AU$0.98 | -1.01% |
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 Stanmore Resources Ltd (AU:SMR) report earnings?
Stanmore Resources Ltd (AU:SMR) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Stanmore Resources Ltd (AU:SMR) earnings time?
Stanmore Resources Ltd (AU:SMR) earnings time is at Feb 24, 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 the P/E ratio of Stanmore Resources Ltd stock?
The P/E ratio of Stanmore Resources Ltd is N/A.
What is AU:SMR EPS forecast?
Currently, no data Available
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