Overview

* MP Materials ( MP ) Q3 revenue declines 15% yr/yr, missing analyst expectations

* Adjusted EPS for Q3 beats consensus, despite revenue decline

* Company achieved record NdPr production, increasing 51% yr/yr

Outlook

* Company expects return to profitability in Q4 2025 and beyond

* MP plans mid-2026 commissioning of heavy rare earth facility

* Company ceased sales to China, aligning with DoW agreements

Result Drivers

* NPR PRODUCTION - Record NdPr production increased 51% yr/yr, driving higher NdPr oxide and metal sales

* MAGNETICS SEGMENT - Magnetics Segment generated $21.9 mln in revenue, contributing to offset revenue decline

* DOW AGREEMENT - Commencement of DoW Price Protection Agreement enhances cash flow visibility for future production

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $53.55 $54.92

Revenue mln mln (8

Analysts

)

Q3 Beat -$0.10 -$0.18

Adjusted (10

EPS Analysts

)

Q3 Beat -$17.84 -$33.11

Adjusted mln mln (6

Net Analysts

Income )

Q3 Net -$41.78

Income mln

Q3 Beat -$12.57 -$15.78

Adjusted mln mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* Wall Street's median 12-month price target for MP Materials Corp ( MP ) is $78.50, about 30% above its November 5 closing price of $54.93

* The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 495 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)