FCX · Energy
FREEPORT-MCMORAN INC
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-08
- Net Income and ProfitabilityImportance 37 · Surprise 6Second-quarter 2026 diluted EPS was $0.68, and net income was $984 million. Profit increased significantly despite lower year-over-year revenue and copper production. Higher copper and gold prices, together with strong…
- Market Demand TrendsImportance 17 · Surprise 24Freeport-McMoRan is benefiting from expectations of strong copper demand and a structurally constrained global copper market. Third-party coverage identifies copper scarcity and projected supply deficits as key…
News · 2026-08-07
- Net Income and ProfitabilityImportance 37 · Surprise 6Second-quarter 2026 diluted EPS was $0.68, and net income was $984 million. Profit increased significantly despite lower year-over-year revenue and copper production. Higher copper and gold prices, together with strong…
- Guidance / OutlookImportance 31 · Surprise 42Third-party reporting identified ongoing strategic execution risks at Freeport-McMoRan's Grasberg and Bagdad operations. The report highlighted the Grasberg ramp-up and Freeport-McMoRan's targets for incremental copper…
- Market Demand TrendsImportance 17 · Surprise 24Freeport-McMoRan is benefiting from expectations of strong copper demand and a structurally constrained global copper market. Third-party coverage identifies copper scarcity and projected supply deficits as key…
- Quarterly Dividend DeclarationImportance 9 · Surprise 6Freeport-McMoRan declared a quarterly dividend of $0.075 per share. The dividend was cited in second-quarter 2026 investor coverage alongside revenue of $7.03 billion and earnings above expectations. No change to the…
10-Q · 2026-08-06
- Guidance and OutlookImportance 75 · Surprise 60FCX projects 2026 consolidated sales of 3.057 billion pounds of copper, with 750 million pounds expected in the third quarter, and anticipates higher second-half copper sales as Grasberg ramps up and U.S. leaching…
- Capital Expenditure OutlookImportance 75 · Surprise 60Based on current sales volumes, cost estimates, metal prices and planned capital expenditures, Freeport-McMoRan projects approximately $8.3 billion of consolidated operating cash flows and $4.3 billion of consolidated…
- Indonesia Operations DisruptionImportance 71 · Surprise 60PTFI’s Grasberg Block Cave underground mine in Indonesia remained affected by the September 2025 external mud rush incident. For the six months ended June 30, 2026, the incident generated $172 million of idle facility…
- PTFI Mud Rush Restoration and Ramp-UpImportance 71 · Surprise 60PTFI’s Grasberg Block Cave underground mine in Indonesia continued to incur costs related to the September 2025 external mud rush incident during the six months ended June 30, 2026. The company recorded $172 million of…
- Concentrate Supply DiversificationImportance 59 · Surprise 48Atlantic Copper, FCX’s wholly owned smelter and refinery in Huelva, Spain, sourced 82% of its copper concentrate from third parties during the first six months of 2026. The remaining 18% came from FCX’s South America…
- Grasberg Ramp-Up ImpactImportance 58 · Surprise 42PT Freeport Indonesia continued the phased ramp-up of the Grasberg Block Cave underground mine after the September 2025 external mud rush incident. Lower operating rates at Grasberg reduced consolidated copper and gold…
- Kucing Liar DevelopmentImportance 58 · Surprise 42PTFI is developing the Kucing Liar deposit in Indonesia’s Grasberg minerals district, with ramp-up planned to begin around 2030 and design capacity of approximately 130,000 metric tons of ore per day. At June 30, 2026,…
- Mud Rush Insurance SettlementImportance 55 · Surprise 60PT Freeport Indonesia recognized a $0.7 billion gain in the first quarter of 2026 from insurance coverage for the September 2025 external mud rush incident. The settlement produced a $0.2 billion after-tax and…
- Operating Income and MarginsImportance 54 · Surprise 40First-half operating income increased 11% to $4.1 billion from $3.7 billion, despite flat revenue, while second-quarter operating income declined to $2.0 billion from $2.4 billion. Consolidated production and delivery…
- Income Tax Rate ChangesImportance 54 · Surprise 40FCX’s consolidated effective tax rate declined to 30% in the first six months of 2026 from 37% in the comparable 2025 period. The consolidated income tax provision decreased to $1.2 billion from $1.4 billion despite…
- Leaching Technology InitiativesImportance 52 · Surprise 42FCX is applying new leaching technologies, operational enhancements and data analytics across its U.S. and South America operations to increase copper recoveries and improve cost competitiveness. Incremental copper…
- South America Margin ImprovementImportance 52 · Surprise 56South America operations’ six-month copper revenue per pound increased to $6.03 in 2026 from $4.39 in 2025, a 37.4% increase. Gross profit per pound increased to $3.18 from $1.58, more than doubling year over year.…
- Noncontrolling Interest DistributionsImportance 51 · Surprise 38Cash dividends and distributions paid to noncontrolling interests at international operations totaled $0.4 billion in the first six months of 2026. The payments related to Cerro Verde and compared with $0.6 billion in…
- Revenue Performance and MixImportance 49 · Surprise 32Consolidated revenues decreased 7% year over year to $7.0 billion in second-quarter 2026 from $7.6 billion, while first-half revenues were essentially flat at $13.3 billion. Second-quarter copper, gold and molybdenum…
- U.S. Copper Margin ImprovementImportance 47 · Surprise 48U.S. copper mines’ six-month copper revenue per pound increased to $6.05 in 2026 from $4.71 in 2025, a 28.5% increase. Gross profit per pound increased to $2.51 from $1.11, while unit net cash costs declined to $2.93…
- El Abra Expansion ProjectImportance 46 · Surprise 42Freeport-McMoRan is advancing a major mill expansion at El Abra in Chile that could add more than 700 million pounds of annual copper production. The proposed facility would be similar to the large-scale concentrator…
- Bagdad Expansion OpportunityImportance 46 · Surprise 42Freeport-McMoRan is evaluating an expansion of its Bagdad operation in northwest Arizona that would more than double concentrator capacity and add 200 to 250 million pounds of copper and 10 to 12 million pounds of…
- Liquidity and Debt PositionImportance 44 · Surprise 24Freeport-McMoRan generated $3.5 billion of operating cash flow in the first six months of 2026, including $0.7 billion of pre-tax insurance proceeds related to the Grasberg mud rush incident. At June 30, 2026,…
- Trade Policy and TariffsImportance 44 · Surprise 60Effective August 2025, a 50% U.S. Section 232 tariff applies to imports of semi-finished copper and copper-intensive derivative products, while refined copper cathodes, concentrates and scrap remain exempt. The U.S.…
- Indonesia Mining Rights ExtensionImportance 44 · Surprise 60In February 2026, Freeport-McMoRan and PTFI entered into a memorandum of understanding with the Indonesia government to extend Grasberg operating rights beyond their current 2041 expiration. Under the proposed terms,…
- Capital Return ProgramImportance 40 · Surprise 42FCX repurchased 3.4 million common shares for $203 million during the first six months of 2026 at an average price of $59.30 per share. Through July 31, 2026, cumulative repurchases totaled 55.4 million shares at an…
- Cerro Verde Ownership IncreaseImportance 40 · Surprise 42FCX purchased 2.0 million Cerro Verde common shares in the open market in May 2026 for $107 million. The transaction increased FCX’s ownership interest from 55.08% to 55.66%. Cerro Verde contributed $1.5 billion of…
- Energy Transition InvestmentImportance 40 · Surprise 42PTFI plans to transition the Grasberg minerals district’s existing energy source from coal to natural gas to meaningfully reduce greenhouse-gas emissions. The planned investments in a new gas-fired combined-cycle…
- South America Sales WeaknessImportance 37 · Surprise 32Copper sales from Freeport-McMoRan’s South America operations declined to 245 million pounds in second-quarter 2026 from 265 million pounds in second-quarter 2025, and to 493 million pounds for the first six months…
- Molybdenum Price ExpansionImportance 35 · Surprise 48Molybdenum Mines’ realized sales price increased to $26.42 per pound in the first six months of 2026 from $20.43 per pound in the comparable 2025 period, an increase of approximately 29%. The quarterly realized price…
- Indonesian Processing ConstraintsImportance 32 · Surprise 24Limited copper concentrate availability during the Grasberg Block Cave ramp-up affected PTFI’s Indonesian smelters and precious-metals refinery. PT Smelting resumed operations in late December 2025 and was operating at…
- Dividend DeclarationImportance 31 · Surprise 6Freeport-McMoRan’s Board declared total cash dividends of $0.15 per common share on June 24, 2026. The dividend comprised a $0.075 per-share quarterly base dividend and a $0.075 per-share quarterly variable…
- Integrated Processing NetworkImportance 31 · Surprise 6Freeport-McMoRan’s downstream network includes smelters, refineries and rod mills in the U.S., Spain and Indonesia, enabling the company to place a significant portion of its copper concentrate production internally.…
- Molybdenum Production DeclineImportance 30 · Surprise 40Production from Freeport-McMoRan’s wholly owned Climax and Henderson molybdenum mines declined to 8 million pounds in second-quarter 2026 from 9 million pounds in second-quarter 2025. First-half production fell to 17…
- Middle East Conflict ImpactImportance 29 · Surprise 24The ongoing Middle East conflict is increasing copper price volatility and producing secondary effects through higher energy prices and freight costs. Management says these effects are weighing on global manufacturing…
- Copper Market Demand TrendsImportance 17 · Surprise 24Copper prices reached record highs during the filing period, with LME copper closing at $6.56 per pound on August 6, 2026, and COMEX copper closing at $6.70 per pound on August 5, 2026. Management said direct effects…
- ESG and sustainabilityImportance 17 · Surprise 24FCX uses the Copper Mark and Molybdenum Mark assurance frameworks to assess environmental, social and governance performance at its operating sites. Each site undergoes independent external assurance and must be…
- U.S. Copper Market PositionImportance 10 · Surprise 6FCX stated that it is the leading copper supplier in the United States, providing approximately 70% of total U.S. refined copper production through its integrated domestic mining and processing facilities. Most of this…
News · 2026-08-06
- Revenue Performance and MixImportance 37 · Surprise 6Freeport-McMoRan reported second-quarter 2026 revenue of $7.03 billion, although revenue declined year over year. Higher realized copper and gold prices supported results despite lower overall copper production.…
- Net Income and ProfitabilityImportance 37 · Surprise 6Second-quarter 2026 diluted EPS was $0.68, and net income was $984 million. Profit increased significantly despite lower year-over-year revenue and copper production. Higher copper and gold prices, together with strong…
- Guidance / OutlookImportance 31 · Surprise 42Third-party reporting identified ongoing strategic execution risks at Freeport-McMoRan's Grasberg and Bagdad operations. The report highlighted the Grasberg ramp-up and Freeport-McMoRan's targets for incremental copper…
- Market Demand TrendsImportance 17 · Surprise 24Freeport-McMoRan is benefiting from expectations of strong copper demand and a structurally constrained global copper market. Third-party coverage identifies copper scarcity and projected supply deficits as key…
News · 2026-08-05
- Market Demand TrendsImportance 17 · Surprise 24Freeport-McMoRan is benefiting from expectations of strong copper demand and a structurally constrained global copper market. Third-party coverage identifies copper scarcity and projected supply deficits as key…
News · 2026-08-04
- Litigation and Legal RiskImportance 31 · Surprise 42Levi & Korsinsky filed a securities fraud class action against Freeport-McMoRan in U.S. court on behalf of investors who purchased FCX securities between February 15, 2022, and September 24, 2025. The complaint alleges…
- Market Demand TrendsImportance 17 · Surprise 24Freeport-McMoRan is benefiting from expectations of strong copper demand and a structurally constrained global copper market. Third-party coverage identifies copper scarcity and projected supply deficits as key…