Here's What Key Metrics Tell Us About HudBay Minerals (HBM) Q2 Earnings

Core Insights - HudBay Minerals reported a revenue of $536.4 million for the quarter ended June 2025, marking a 26.1% increase year-over-year and exceeding the Zacks Consensus Estimate of $495.34 million by 8.29% [1] - The company's earnings per share (EPS) was $0.19, a significant improvement from $0 in the same quarter last year, resulting in an EPS surprise of 72.73% compared to the consensus estimate of $0.11 [1] Financial Performance Metrics - The company produced 29,956 tons of copper, slightly below the average estimate of 30,853.63 tons by 14 analysts [4] - Silver production was reported at 814,989 ounces, which was lower than the estimated 915,769.30 ounces by 13 analysts [4] - Molybdenum production exceeded expectations with 427 tons produced, compared to the average estimate of 311.59 tons by 13 analysts [4] - Gold production was in line with estimates at 56,271 ounces, slightly above the average estimate of 56,126.27 ounces [4] Revenue Breakdown - Revenue from external customers in Peru was $259.6 million, surpassing the estimate of $253.38 million by 12 analysts [4] - British Columbia generated $83.8 million in revenue, exceeding the estimated $81.55 million by 11 analysts [4] - Manitoba's revenue reached $193 million, significantly higher than the estimated $162.5 million by 11 analysts [4] - Revenue from contracts for copper was $297.1 million, a 14.6% increase year-over-year, and above the estimate of $291.57 million by 11 analysts [4] - Zinc revenue was reported at $7.1 million, below the average estimate of $10.78 million, reflecting a 54.2% decline year-over-year [4] - Total revenue from contracts was $526.4 million, exceeding the average estimate of $488.43 million by 11 analysts [4] - Silver revenue from contracts was $13.9 million, lower than the estimated $22.42 million, but showed a 27.5% increase year-over-year [4] - Molybdenum revenue from contracts was $19.1 million, surpassing the average estimate of $12.95 million, with a year-over-year increase of 19.4% [4] Stock Performance - HudBay Minerals' shares have returned -4.7% over the past month, contrasting with the Zacks S&P 500 composite's +3.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]