Southern Copper Reports Record Q1 Earnings, Boosts Dividends Amid Strong Performance
SCCO sits 99% above its 52-week low of $83.96 on light trading volume (0.3× avg).
Summary
Southern Copper Corporation announced record first-quarter 2026 financial results, driven by significant sales and net income growth, alongside a substantial increase in both cash and stock dividends.
Key Events · Earnings and Guidance · SCCO
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Record Q1 Financials
Net income surged 66.7% to a new company record of $1,576.9 million, with sales up 36.2% and EPS increasing 67.0% compared to 1Q25.
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Negative Operating Cash Cost
Operating cash cost per pound of copper, net of by-product credits, improved to -$0.11 in 1Q26, a significant reduction from $0.77 in 1Q25, reflecting strong cost efficiencies.
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Increased Dividends Authorized
The Board authorized a quarterly cash dividend of $1.00 per share and a stock dividend of 0.0100 shares per share, payable on May 29, 2026, representing substantial increases from the prior year.
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Strong Cash Flow Generation
Cash flow from operating activities increased 135.0% to $1,694.5 million in 1Q26, demonstrating robust operational cash generation.
Analysis · SCCO · Energy & Transportation
Southern Copper Corporation delivered an exceptionally strong first quarter, reporting record net income and a substantial increase in sales and EBITDA. The company's operating cash cost per pound of copper turned negative, highlighting impressive cost efficiencies and higher by-product revenues. The Board's authorization of significantly higher cash and stock dividends signals strong confidence in future performance and commitment to shareholder returns. While copper production saw a slight decrease, it was within the annual plan and offset by strong by-product volumes and metal prices. The ongoing multi-billion dollar capital investment program also underscores long-term growth initiatives.
At the time of this filing, SCCO was trading at $167.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $138.2B. The 52-week trading range was $83.96 to $223.89. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.