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Glencore PLC (GLCNF)
OTHER OTC:GLCNF
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -7.67%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
Glencore showcased strong operational performance and strategic growth through acquisitions, but faced challenges with decreased EBITDA due to lower energy prices and operational constraints in certain segments. The balance between highlights and lowlights suggests a resilient but cautious outlook.Company Guidance
In the 2024 financial results call, Glencore announced a robust year with an adjusted EBITDA of $14.4 billion, highlighting strong performance in both its industrial and marketing segments. The industrial business, particularly the metals sector, contributed an adjusted EBITDA of $10.6 billion, despite lower energy prices affecting contributions. Notably, their new EVR business in Canada added $1 billion to the EBITDA. On the marketing side, Glencore achieved the upper end of its EBIT guidance range at $3.2 billion, driven by a strong metals market. The company reported a net debt to adjusted EBITDA ratio below 0.8, facilitating a cash distribution of $1.2 billion to shareholders and a $1 billion share buyback program. They also highlighted future growth potential in copper, with plans to increase production to 1 million tons by 2028. The call emphasized ongoing strategic evaluations, including a potential move to a different stock exchange to enhance shareholder value, and their commitment to responsible supply discipline across commodities.Strong Industrial and Marketing Performance
Glencore achieved an adjusted EBITDA of $14.4 billion, with the industrial business contributing $10.6 billion despite a weaker environment in metallurgical markets. The marketing business also performed well, hitting the top end of the EBIT range of $2.2 billion to $3.2 billion.
Successful Acquisition and Integration of EVR
The acquisition of EVR for $7 billion has been successfully integrated into Glencore's operations, contributing $1 billion to EBITDA in the second half of 2024. Production increased by 8% and costs decreased by 14% in the second half compared to the first half.
Cash Distributions and Buybacks
Glencore announced a $1.2 billion cash distribution to shareholders and a $1 billion buyback program to be completed by August 6.
Growth in Metals and Minerals
The Metals and Minerals segment showed improvement with an increased contribution from Kazzinc due to successful ramp-up and high gold prices.
Promising Copper Project Developments
Potential for up to 1 million tons of additional copper production from projects like Coroccohuayco, MARA, and El Pachon, with a low capital intensity of $15,000 to $20,000 per ton.
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GLCNF 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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GLCNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $4.43 | $4.11 | -7.22% |
| Aug 07, 2024 | $4.95 | $5.03 | +1.49% |
| Feb 21, 2024 | $4.80 | $4.78 | -0.42% |
| Aug 08, 2023 | $5.44 | $5.28 | -2.89% |
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 Glencore PLC (GLCNF) report earnings?
Glencore PLC (GLCNF) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Glencore PLC (GLCNF) earnings time?
Glencore PLC (GLCNF) earnings time is at Aug 06, 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 GLCNF EPS forecast?
GLCNF EPS forecast for the fiscal quarter 2025 (Q2) is 0.16.
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