SCCO SOUTHERN COPPER CORP/
Price Chart
Executive Summary
Southern Copper reported record Q1 2026 net income of $1.577B (EPS $1.92), up 66.7% YoY, on revenue of $4.251B (+36.2% YoY). EPS beat consensus of $1.77 by 8.5%, driven by surging copper and silver prices and negative cash costs, despite a 4% drop in copper production.
Key Financial Metrics
Actionable Insight
The strong earnings beat on soaring commodity prices and negative cash cost underpins bullish momentum. Watch for sustained copper prices above $5/lb and production recovery in later quarters to validate the trajectory.
Key Facts
- Q1 2026 net income record $1.5769B, up 66.7% YoY
- EPS $1.92 vs consensus $1.77 (+8.5% beat)
- Revenue $4.2514B, up 36.2% YoY
- Adjusted EBITDA $2.7128B (+55.4% YoY), margin 63.8%
- Operating cash flow $1.6945B (+135% YoY)
- Copper production fell 4.0% YoY to 230,544 tons
- Operating cash cost net of by-products was -$0.11/lb
- Quarterly cash dividend of $1.00/share declared
- CEO transition: Leonardo Contreras appointed after death of Oscar Gonzalez Rocha
Financial Impact
Record quarterly net income of $1.577B, with EPS $1.92 beating consensus $1.77. Revenue growth of 36.2% YoY driven by higher metal prices (copper +37.5%, silver +157.9%).
Risk Factors
- Copper production declined 4% YoY due to lower ore grades
- CEO transition introduces short-term management uncertainty
- Commodity price volatility could reverse tailwinds
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-051281 |
| Document: scco-20260428x8k.htm | 0001104659-26-051281 |
| Document: 0001104659-26-051281-index-headers.html | 0001104659-26-051281 |
| Document: 0001104659-26-051281-index.html | 0001104659-26-051281 |
| Document: 0001104659-26-051281.txt | 0001104659-26-051281 |
| 8-K Data (Synthetic) | 0001104659-26-051281 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Apr 29, 2026
5w ago
|
8-K
| $169.10 $191.30 | ▲ +13.13% | ▲ +7.90% | $175.17 (+3.59%) |
|
Apr 29, 2026
5w ago
|
8-K
| $165.89 $194.88 | ▲ +17.47% | ▲ +11.43% | $175.17 (+5.59%) |
|
Apr 17, 2026
7w ago
|
DEFA14A
| $187.88 $171.90 | ▼ −8.50% | ▼ −12.71% | $175.17 (−6.76%) |
|
Apr 17, 2026
7w ago
|
8-K
| $187.88 $171.90 | ▲ +8.50% | ▲ +12.71% | $175.17 (+6.76%) |
|
Apr 13, 2026
8w ago
|
8-K
| $190.45 $185.23 | ▼ −2.74% | ▼ −9.03% | $175.17 (−8.02%) |
US Market Status
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