BHP Q2 Production Update

Benzinga

BHP shares slipped after quarterly results showed lower copper output, partially offset by stronger iron ore production, with updated guidance supporting longer-term volumes.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03BHP Group Limited reported second quarter and first half fiscal 2026 results,

00:09sending shares lower in Tuesday's pre-market trading, according to Benzinga.

00:14Copper production fell 4% year-over-year to 490.5 kilotons in the quarter,

00:19driven by lower output at Escondida and Pampa Norde. Copper production declined 1%

00:24sequentially due to planned lower grades at Escondida. Iron ore production rose 5% year-over-year,

00:30to 69.7 million tons, while steelmaking coal production declined 3% to 4.3 million tons.

00:37First half copper production totaled 984.1 kilotons, flat year-over-year,

00:43while iron ore output rose 2% to 133.8 million tons. BHP raised fiscal 2026 copper production

00:51guidance to 1,900 to 2,000 kilotons and maintained iron ore guidance. BHP will report full second

00:58quarter results on February 17th. For all things money, visit Benzinga.com.

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