MP Materials Corp. (MP) Q4 2024 Earnings Call Transcript
MP Materials Corp. (NYSE:MP ) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Martin Sheehan - Head, Investor Relations Jim Litinsky - Founder, Chairman & Chief Executive Officer Ryan Corbett - Chief Financial Officer Michael Rosenthal - Founder & Chief Operating Officer Conference Call Participants Matt Summerville - DA Davidson Corinne Blanchard - Deutsche Bank Greg Jones - BMO Carlos De Alba - Morgan Stanley Bill Peterson - JPMorgan Ben Kallo - Baird Laurence Alexander - Jefferies Leanne Hayden - Canaccord Operator Hello, and welcome to the MP Materials Fourth Quarter 2024 Earnings Call. We ask that you please hold all questions until the completion of the formal remarks, at which time, you'll be given instructions for the question-and-answer session.
MP Materials Corp. (MP) Reports Q4 Loss, Tops Revenue Estimates
MP Materials Corp. (MP) came out with a quarterly loss of $0.12 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.
MP Materials Reports Fourth Quarter and Full Year 2024 Results
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”), today announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Commenced commercial production of NdPr metal at Independence Began trial production of automotive-grade magnets Produced 11,478 metric tons of rare earth oxides (“REO”) in concentrate, a record for a quarter with a planned maintenance shutdown and sold 7,803 metric tons Pro.
Trillions in downstream enterprise value at risk if MP can't continue to grow, says CEO Litinsky
James Litinsky, MP Materials founder, chairman & CEO, joins 'Closing Bell Overtime' to talk China tariffs, quarterly results, the impact of geopolitical trade policy, and more.
MP Materials (MP) Soars 10.1%: Is Further Upside Left in the Stock?
MP Materials (MP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
MP Materials Announces Date for Fourth Quarter 2024 Financial Results and Webcast
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) will release its financial results for the fourth quarter ended December 31, 2024, after the U.S. markets close on Thursday, February 20, 2025. MP Materials' management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Prior to the conference call and webcast, MP Materials will issue a press release and post a slide presentation at Click Here Conference Cal.
MP Materials: Rare Earth Elements Powering the EV Boom
Investors and consumers are captivated by the potential of battery technology as the electric vehicle (EV) revolution advances. Lithium has become a popular term, but rare earth elements (REEs), like those mined by MP Materials Corp NYSE: MP, are essential for high-performance EV motors.
MP Materials Restores U.S. Rare Earth Magnet Production
FORT WORTH, Texas--(BUSINESS WIRE)---- $MP #rareearth--MP Materials (NYSE: MP) has reached a pivotal milestone in restoring the U.S. rare earth magnet supply chain. The company's flagship Independence facility in Fort Worth, Texas, has commenced commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets. These achievements bring the U.S. closer to reestablishing a fully integrated, domestic supply chain for these critical co.
MP Materials: Look Beyond Sour Short-Term Sentiment
MP Materials is a Strong Buy due to its unique position as a Western rare earth mineral supplier, poised for a rebound in commodity prices. The company is transitioning to a fully integrated US supply chain, reducing reliance on Chinese processing, with a new facility expected by late 2025. MP's financial health is robust, with significant liquidity and manageable debt, positioning it well for future growth and share buybacks.
MP Materials (MP) Moves 12.4% Higher: Will This Strength Last?
MP Materials (MP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
MP Materials Corp. (MP) Jefferies Battery Storage & Materials Virtual Conference (Transcript)
MP Materials Corp. (NYSE:MP ) Jeffries Battery Storage & Materials Virtual Conference December 13, 2024 2:20 PM ET Company Participants Ryan Corbett - CFO Conference Call Participants Lawrence Alexander - Jefferies Lawrence Alexander Hi there. So, thank you.
MP Materials Announces Exchanges of a Portion of its 0.25% Green Convertible Senior Notes due 2026, Representing a Net Reduction of $25 Million of Outstanding Indebtedness
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced that on December 9, 2024, it entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders of its 0.25% green convertible senior notes due 2026 (the “2026 Convertible Notes”). Pursuant to the Exchange Agreements, the Company will exchange approximately $131.6 million aggregate principal amount of the 2026 Convertible Notes for.
