BHP Earnings Prediction
The chart below shows how BHP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BHP sees a -4.79% change in stock price 10 days leading up to the earnings, and a -6.39% change 10 days following the report. On the earnings day itself, the stock moves by +0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
BHP Key Earning Data
2024/Q4
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BHP Earnings Analysis
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) Corporation (BHP.N) Earnings Conference Call
Positive
Record Iron Ore Production: BHP achieved record production at Western Australia Iron Ore, Spence, and Carrapateena, widening its lead as the lowest cost iron ore producer globally with C1 costs of just $15.84 per ton.
Copper Production Growth: Copper production grew by 9% for the second consecutive year, with an additional 300,000 tons produced annually, making BHP the fastest growing copper producer, with a further 4% growth expected in 2025.
Strong Cash Flow Performance: The company generated over $20 billion in net operating cash flow, maintaining a high baseline of cash flows for 15 of the past 16 years, enabling significant reinvestment and shareholder returns.
Final Dividend Announcement: BHP declared a final dividend of $0.74 per share, bringing total dividends for the year to $7.4 billion, reflecting a strong commitment to returning cash to shareholders.
Jansen Project Growth Potential: The Jansen potash project is ahead of schedule, with Stage 1 expected to begin production in late 2026, indicating strong future growth potential in a key commodity.
Negative
Nickel Operations Suspension: Temporary suspension of Western Australia Nickel operations due to tough market conditions, indicating a significant downturn in the nickel market.
Exceptional Charges Overview: Net exceptional charges of $5.8 billion, including a $2.7 billion non-cash impairment of the Western Australia Nickel Business and a $3.8 billion charge for the Samarco dam failure, highlighting substantial financial losses.
Profit Decline Despite EBITDA Growth: Despite a 4% increase in underlying EBITDA, the total attributable profit dropped to $7.9 billion after accounting for exceptional charges, reflecting a weakened financial position.
Rising Operational Costs: Increased costs of $800 million due to higher maintenance, labor, exploration, and business development expenses, indicating rising operational challenges and inflationary pressures.
Strategic Retreat from Nickel: The decision to suspend operations in the Western Australia Nickel business suggests a strategic retreat from a segment facing significant oversupply and financial losses.
BHP FAQs
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BHP Earning Call Sentiment
BHP Group Limited (BHP) Q4 2024 Earnings Call Transcript
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00:00
00:00
BHP.N
0.49%Positive
The earnings call shows solid financial performance with a 4% EBITDA increase and a strong 54% EBITDA margin. The company has reduced net debt and maintained a low cost position. Despite some project execution risks, the guidance is optimistic with expected production growth and significant dividend payouts, indicating confidence in future performance. The Q&A section highlights strategic project developments and balanced capital allocation, with analysts showing interest in growth opportunities. Overall, the positive financial metrics and shareholder returns suggest a likely positive stock price movement in the short term.
