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BHP

BHP Group Limited

BHP Group Limited Q2 FY2023 earnings call

February 21, 2023 · fiscal period ended 2022-12

EPS · actual vs est

$2.55 / $2.72Miss -6.3%

Revenue · actual vs est

$25.98B / $25.34BBeat +2.5%
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Summary

Generated 2023-02-21

Management highlights

  • Operational and financial results for the half year were steady and reliable despite challenges. Margin was 54% and underlying attributable profit was $6.6 billion with an effective tax rate including royalties of 40%. - Achieved an uplift in the proportion of female employees to more than 33%, doubled spend with indigenous owned suppliers, and made strong progress towards meeting greenhouse gas emissions reduction targets. - Metals and minerals produced by BHP are critical for the world's energy transition, with needs for more copper, nickel, iron ore, metallurgical coals, and potash. - Plan to help meet world needs through getting more from existing assets via innovation, exploration, investments in early-stage opportunities, and the proposed Oz Minerals acquisition.
View in transcript ↓

Segment performance

Iron Ore business in Western Australia achieved another production record. Escondida copper mine in Chile saw growth in production. Olympic Dam line in South Australia had another stable half. No specific revenue contribution percentages were mentioned in the transcript.

View in transcript ↓

Risks

  • Tragic incident where Jody Byrne lost his life in a rail operations accident at Port Hedland, emphasizing the need for constant vigilance on safety to eliminate fatalities at BHP.
View in transcript ↓

Key numbers

Reported versus consensus

Earnings calendar feed

MetricReportedConsensusDeltaPrior year
EPS$2.55$2.72-6.3%$8.46
Revenue$25.98B$25.34B+2.5%$34.58B

Transcript

February 21, 2023

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Prior quarters

This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.