FCX · 10-Q · 2026Q2 · Full report
Noncontrolling Interest Distributions
FREEPORT-MCMORAN INC · 2026-08-06 · Importance 51 · Surprise 38 · From source text
Cash 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 the first six months of 2025. The 2025 amount included $0.5 billion from PTFI, while distributions vary with subsidiary operating results and cash requirements.
Key facts
- Based on current estimates and assuming prices of $6.00/lb copper, $4,000/oz gold and $30.00/lb molybdenum for second half 2026, we estimate net income attributable to noncontrolling interests will approximate $2.0 billion for the year 2026, representing approximately 24% of consolidated income before income taxes. source
- Net income attributable to noncontrolling interests totaled $407 million in second-quarter 2026, $775 million in second-quarter 2025, $0.9 billion for the first six months of 2026 and $1.2 billion for the first six months of 2025. source
- Cash dividends and distributions paid to noncontrolling interests at our international operations totaled $0.4 billion for the first six months of 2026 related to Cerro Verde. source
- Cash dividends and distributions paid to noncontrolling interests at our international operations totaled $0.6 billion for the first six months of 2025, including $0.5 billion from PTFI. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | -14.5% | Based on current estimates and assuming prices of $6.00/lb copper, $4,000/oz gold and $30.00/lb molybdenum for second half 2026, we… |
| net_income | positive | realized | +4.3% | Net income attributable to noncontrolling interests totaled $407 million in second-quarter 2026, $775 million in second-quarter 2025, $0.9… |