Southern Copper (PCU) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 23, 2026

TBA (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.49

Last Year’s EPS

0.97

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 9 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized multiple record financial results (net sales, adjusted EBITDA, net income), strong cash flow and significant by-product volume and price tailwinds that materially improved margins and shareholder returns. Operationally, the company faces near-term challenges: a modest decline in copper production with a lower 2026 guidance, rising operating costs and one-time charges, project-level impediments (illegal miners at Los Chancas) and strategically chosen production shifts at Buenavista that affect copper and molybdenum volumes. On balance the positive financial outcomes, robust margins, strong cash generation, and clear project progress (Tia Maria) outweigh the operational headwinds.

Company Guidance

The company guided that 2026 copper production is expected at 911,400 tons (a 4.7% decline versus 2025’s 956,270 tons and ~1% below the 2025 plan of 965,000 tons), with 2027 roughly in line (a little north of 900,000 tons) and a multi‑year ramp to ~970,000 tons in 2028 and ~1,060,000 tons by 2029–2031 as Tía María and other projects come online; Tía María’s budget remains $1.8 billion (24% complete at end‑2025), with $800 million committed, a 2026 cash out forecast of $508 million, construction to finish by H1‑2027, ~30,000 tons of refined copper in H2‑2027 and 120,000 tons/year from 2028. For by‑products the company expects molybdenum ~26,000 tons in 2026 (vs 31,200 tons in 2025), silver ~24 million ounces in 2026 (flat to down ~2% vs 2025), and zinc production/support that helped 2025 zinc rise ~36% (2025 zinc ~165,500 tonnes); Q4‑2025 copper averaged $5.03/lb (LME) and $5.15/lb (COMEX), the firm estimates a 2026 market deficit of ~320,000 tons and global inventories near ~14 days of demand. Cost guidance: operating cash cost per lb before by‑product credits was $2.29 in Q4 and $2.17 for 2025 (net of by‑product credits $0.58/lb for 2025; Q4 by‑product credits were $920M or $1.77/lb), and management expects operating costs to be “relatively flat on a per‑pound basis” in 2026 while noting currency appreciation pressure (cost mix ~39% MXN, 10% PEN, 51% USD). Financial and capital metrics referenced include record 2025 net sales $13.4B, adjusted EBITDA $7.8B (58% margin; Q4 adj. EBITDA $2.3B, 60% margin), 2025 net income $4.3B, 2025 capex $1.3B (part of a >$20.5B decade program), and a Jan‑2026 dividend of $1.00 cash + 0.0085 share stock (payable Feb‑27 to holders of record Feb‑10).

Record Net Sales

Net sales reached a record $13.4 billion in 2025, up 17% versus 2024, driven by higher by-product volumes and improved metal prices.

Record Adjusted EBITDA and Strong Margins

Adjusted EBITDA hit a record $7.8 billion for 2025, a 22% increase year-over-year. Adjusted EBITDA margin improved to 58% for the year (56% in 2024) and Q4 adjusted EBITDA was $2.3 billion, up 53% with a Q4 margin of 60% (54% in Q4 2024).

Record Net Income and Improved Profitability

Net income for 2025 was a record $4.3 billion, up 28% year-over-year. Q4 net income was $1,038 million, a 65% increase versus Q4 2024. Net income margin rose to 32% for 2025 (30% in 2024).

Strong Operating Cash Flow

Cash flow from operating activities totaled $4.8 billion in 2025, up 8% versus 2024, mainly driven by higher net income.

By-product Production and Price Tailwinds

Significant by-product improvements: mined zinc production rose 36% in 2025 (+52,500 tons from Buenavista), mined silver production increased 15% (24 million ounces produced), and molybdenum production was 31,200 tons (+7% YoY). By-product revenue credits totaled $920 million ($1.77/lb) in Q4, up 3% versus prior quarter.

Favorable Metal Price Environment

Copper prices rose strongly (LME copper +21% Q4 vs Q4 2024; COMEX +22%), molybdenum prices up 5% Q4 vs Q4 2024, silver prices up materially (average $54.48/oz in the quarter, cited as a 74% increase) and zinc price up 4.3% Q4 vs Q4 2024—supporting revenue and margins.

Capital Investment Progress and Project Visibility

2025 capex was $1.3 billion (a 29% increase YoY); long-term capital program exceeds $20.5 billion. Tia Maria is 24% complete with ~$800 million committed and forecasted 2026 cash out of ~$508 million; projected first production H2 2027 and 120,000 tpy by 2028.

Shareholder Returns and ESG Recognition

Board approved a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0085 shares per share. ESG accreditations include The Copper Mark for three mines (Buenavista, Toquepala, Cuajone) and safety recognition for La Caridad SX-EW; continued community investments and public works programs in Peru.

Southern Copper (DE:PCU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:PCU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	1.49 / -	0.973	―	―	―
Jan 27, 2026	2025 (Q4)	1.29 / 1.31	0.826	58.99% (+0.49)
Oct 28, 2025	2025 (Q3)	1.05 / 1.13	0.928	21.30% (+0.20)
Jul 28, 2025	2025 (Q2)	0.93 / 1.01	0.979	2.95% (+0.03)		―
Apr 24, 2025	2025 (Q1)	0.93 / 0.97	0.754	29.02% (+0.22)
Feb 12, 2025	2024 (Q4)	0.84 / 0.83	0.461	79.19% (+0.36)		―
Oct 21, 2024	2024 (Q3)	0.90 / 0.93	0.636	46.06% (+0.29)
Jul 19, 2024	2024 (Q2)	0.86 / 0.98	0.564	73.53% (+0.42)
Apr 25, 2024	2024 (Q1)	0.61 / 0.75	0.834	-9.56% (-0.08)
Feb 02, 2024	2023 (Q4)	0.59 / 0.46	0.929	-50.41% (-0.47)

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

DE:PCU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 27, 2026	€158.04	€159.62	+1.00%
Oct 28, 2025	€110.20	€115.64	+4.94%
Jul 28, 2025	€81.46	€79.63	-2.25%
Apr 24, 2025	€79.02	€77.74	-1.61%

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.

FAQ

When does Southern Copper Corp (DE:PCU) report earnings?

Southern Copper Corp (DE:PCU) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).

What is Southern Copper Corp (DE:PCU) earnings time?

Southern Copper Corp (DE:PCU) earnings time is at Apr 23, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is the P/E ratio of Southern Copper Corp stock?

The P/E ratio of Southern Copper is N/A.

What is DE:PCU EPS forecast?

DE:PCU EPS forecast for the fiscal quarter 2026 (Q1) is 1.49.