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

MP Materials (NYSE:MP) announced its quarterly earnings data on Thursday, February 26th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07, FiscalAI reports. The firm had revenue of $52.69 million for the quarter, compared to analyst estimates of $76.06 million. MP Materials had a negative return on equity of 4.28% and a negative net margin of 38.26%.MP Materials’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share.

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 Price Performance

MP Materials stock opened at $57.54 on Thursday. The firm has a market capitalization of $10.20 billion, a PE ratio of -110.66 and a beta of 1.55. MP Materials has a 52 week low of $18.64 and a 52 week high of $100.25. The firm’s 50-day simple moving average is $61.56 and its 200 day simple moving average is $63.14. The company has a quick ratio of 6.67, a current ratio of 7.24 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MP shares. William Blair reaffirmed an “outperform” rating on shares of MP Materials in a research note on Wednesday, March 4th. The Goldman Sachs Group initiated coverage on shares of MP Materials in a report on Wednesday, November 19th. They set a “buy” rating and a $77.00 price objective on the stock. Wall Street Zen upgraded shares of MP Materials from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Morgan Stanley raised shares of MP Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $68.50 to $71.00 in a report on Friday, December 5th. Finally, BMO Capital Markets upgraded shares of MP Materials from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $76.00 to $75.00 in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, MP Materials has a consensus rating of “Buy” and an average price target of $78.91.

Insider Activity

In other news, CEO James H. Litinsky sold 272,600 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $64.17, for a total value of $17,492,742.00. Following the sale, the chief executive officer directly owned 12,805,965 shares in the company, valued at $821,758,774.05. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ryan Corbett sold 46,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $60.00, for a total transaction of $2,760,000.00. Following the transaction, the chief financial officer directly owned 129,017 shares of the company’s stock, valued at approximately $7,741,020. This trade represents a 26.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 346,000 shares of company stock valued at $22,006,616 over the last 90 days. 9.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MP Materials

A number of large investors have recently bought and sold shares of MP. Los Angeles Capital Management LLC purchased a new position in MP Materials during the fourth quarter worth about $28,000. Mcguire Capital Advisors Inc. purchased a new stake in MP Materials in the 4th quarter valued at about $38,000. Hollencrest Capital Management increased its stake in shares of MP Materials by 859.6% during the 4th quarter. Hollencrest Capital Management now owns 854 shares of the company’s stock valued at $43,000 after acquiring an additional 765 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 period. Finally, EFG International AG purchased a new position in shares of MP Materials during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Company Profile

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.