MP Materials (NYSE:MP) Releases Earnings Results, Beats Estimates By $0.07 EPS

MP Materials (NYSE:MP) issued its quarterly earnings data on Thursday. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07, FiscalAI reports. MP Materials had a negative net margin of 50.55% and a negative return on equity of 7.69%. The business had revenue of $52.69 million for the quarter, compared to analysts’ expectations of $76.06 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The company’s revenue was down 13.6% on a year-over-year basis.

Here are the key takeaways from MP Materials’ conference call:

• MP materially ramped production in 2025, doubling NdPr oxide output to 2,599 metric tons and exiting the year at an annualized run rate near 4,000 t, with a target to approach a ~6,000 t annualized run rate by year-end 2026 and mid‑year commissioning of heavy rare earth separation.
• The company secured strategic commercial relationships — including a significant long‑term NdPr offtake with a leading U.S. technology/industrial customer and commercial agreements with four global manufacturers — and received a $32 million Apple progress payment while selecting Northlake, TX for its 10X site with over $200 million in incentives.
• Magnetics progress advanced meaningfully: MP produced its first magnets on commercial‑scale equipment at Independence, began PPAP qualification with a foundational automotive customer with expected initial deliveries in H2 2026, and achieved a technical breakthrough reducing heavy rare earth content by roughly 60% via grain boundary diffusion.
• Financially, the price protection agreement (PPA) materially supported results (PPA income reported as $51 million in the quarter), adjusted EBITDA improved and liquidity remains strong (> $1.8 billion cash), but realized pricing timing varies by contract and PPA collection on stockpiles is discretionary.
• Execution and near‑term cash use risks remain—Q4 experienced planned outages, some unexpected bottlenecks and a production‑to‑sales lag, and management expects $500–$600 million of capex in 2026 (part of a larger > $1.25 billion 10X program), which could create lumpiness in spending and operational cadence.

MP Materials Stock Up 2.3%

MP Materials stock traded up $1.34 during mid-day trading on Thursday, hitting $60.00. The company’s stock had a trading volume of 6,635,478 shares, compared to its average volume of 6,494,007. MP Materials has a 52-week low of $18.64 and a 52-week high of $100.25. The company has a market cap of $10.63 billion, a PE ratio of -84.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 8.05 and a quick ratio of 7.51. The firm’s 50 day moving average is $60.05 and its 200 day moving average is $64.35.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $82.00 price objective on shares of MP Materials in a report on Wednesday, February 18th. BMO Capital Markets upgraded shares of MP Materials from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $76.00 to $75.00 in a research report on Monday, November 24th. The Goldman Sachs Group assumed coverage on MP Materials in a research report on Wednesday, November 19th. They set a “buy” rating and a $77.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a report on Thursday, January 22nd. Finally, TD Securities raised MP Materials to a “strong-buy” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, MP Materials has a consensus rating of “Buy” and an average price target of $78.91.

Insider Transactions at MP Materials

In other news, CEO James H. Litinsky sold 385,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $62.94, for a total value of $24,231,900.00. Following the transaction, the chief executive officer owned 13,105,965 shares in the company, valued at $824,889,437.10. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Corbett sold 38,146 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.00, for a total transaction of $2,288,760.00. Following the sale, the chief financial officer owned 156,666 shares of the company’s stock, valued at approximately $9,399,960. This represents a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 723,146 shares of company stock worth $45,767,276 in the last quarter. 9.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MP Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in shares of MP Materials in the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in MP Materials in the 4th quarter valued at $38,000. Hollencrest Capital Management raised its holdings in MP Materials by 859.6% in the 4th quarter. Hollencrest Capital Management now owns 854 shares of the company’s stock worth $43,000 after acquiring an additional 765 shares during the period. Smartleaf Asset Management LLC lifted its position in MP Materials by 234.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,450 shares of the company’s stock worth $48,000 after acquiring an additional 1,016 shares during the last quarter. Finally, EFG International AG bought a new stake in MP Materials during the fourth quarter valued at about $51,000. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting MP Materials

Here are the key news stories impacting MP Materials this week:

• Positive Sentiment: Company selected Northlake, Texas for its large “10X” rare‑earth magnet manufacturing campus, strengthening MP’s U.S. supply‑chain position and signaling significant future capacity and revenue potential. MP Materials Selects Northlake, Texas as the Site of “10X,” a New U.S. Rare‑Earth Magnet Manufacturing Campus
• Positive Sentiment: Operational progress: MP produced first NdFeB magnets on commercial equipment, grew NdPr oxide production 74% YoY and REO concentrate output 5% YoY — evidence the vertical integration buildout is advancing. MP Materials Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: EPS beat: reported $0.09 vs. consensus ~$0.04–$0.08, marking a swing from a loss a year ago — supports near‑term sentiment even though top‑line missed estimates. MP Materials Corp. (MP) Q4 Earnings Beat Estimates
• Neutral Sentiment: Analyst focus shifting from near‑term numbers to execution of the U.S.‑backed buildout — the market is weighing growth optionality vs. current profitability. MP Materials Q4 ahead: Street sees $0.02 EPS as focus shifts to execution of U.S.-backed buildout
• Negative Sentiment: Revenue declined ~14% after the company halted rare‑earth sales to China under a U.S. government agreement — a direct drag on near‑term top line and cash flow. MP Materials Revenue Falls After Halting Rare Earth Sales to China
• Negative Sentiment: Q4 revenue missed estimates ($52.7M reported vs. ~$76.1M expected) and the company still shows negative net margin and ROE — underlines that profitability and cash conversion remain risks while the buildout ramps. MP Materials (MP) stock page

About MP Materials

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.