Inferra AI / Company / FCX
Freeport-McMoRan
FCX · Materials
Last earnings Oct 27, 2026
Key results
Net incomequarter
$984 million
1 PHOENIX, AZ, July 23, 2026 Freeport (NYSE FCX) reported second-quarter 2026 net income attributable to common stock of $984 million, $0.68 per share, and adjusted net income attributable to common stock of $1.1 billion, $0.74 per share, after excluding after-tax net charges totaling $96 million, $0.06 per share, primarily for idle facility and restoration costs associated with PTFI s September 2025 external mud rush incident.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Adjusted net incomequarter
$1.1 billion
1 PHOENIX, AZ, July 23, 2026 Freeport (NYSE FCX) reported second-quarter 2026 net income attributable to common stock of $984 million, $0.68 per share, and adjusted net income attributable to common stock of $1.1 billion, $0.74 per share, after excluding after-tax net charges totaling $96 million, $0.06 per share, primarily for idle facility and restoration costs associated with PTFI s September 2025 external mud rush incident.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Provisionally priced sales adjustmentsquarter
$98 million
Includes favorable (unfavorable) adjustments to prior period provisionally priced concentrate and cathode copper sales totaling $98 million ($35 million to net income attributable to common stock or $0.02 per share) in second-quarter 2026, $(35) million ($(10) million to net income attributable to common stock or $(0.01) per share) in second-quarter 2025, $58 million ($24 million to net income attributable to common stock or $0.02 per share) for the first six months of 2026 and $63 million ($21 million to net income attributable to common stock or $0.01 per share) for the first six months of 2025.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Revenuequarter
$0.52
In addition, these treatment charges do not reflect the significant offsets ($0.52/lb in 2026e) in revenue and by-product credits associated with incremental metals and sulfuric acid produced by PTFI s downstream operations.
SEC original ↗Freeport-McMoRan — Presentation / slide deck (8-K exhibit)EX-99Jul 23, 2026
AI analysis
Q2 2026 · reported Jul 23, 2026
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $984 million | — | — |
| Adjusted net income | $1.1 billion | — | — |
| Provisionally priced sales adjustments | $98 million | — | — |
| Revenue | $0.52 | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Capital expenditures totaled $1.1 billion, including $0.7 billion for major mining projects, in second-quarter 2026.
Event summary
Freeport-McMoRan Q2 2026 — 1 PHOENIX, AZ, July 23, 2026 Freeport (NYSE FCX) reported second-quarter 2026 net income attributable to common stock of $984 million, $0.68 per share, and adjusted net income attributable to common s…
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Capital expenditures totaled $1.1 billion, including $0.7 billion for major mining projects, in second-quarter 2026.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Capital expenditures are expected to approximate $4.3 billion, including $3.0 billion for major mining projects, for the year 2026.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
At June 30, 2026, consolidated debt totaled $9.4 billion and consolidated cash and cash equivalents totaled $4.1 billion.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
At June 30, 2026, net debt totaled $2.1 billion, excluding $3.2 billion of debt for PT Freeport Indonesia s (PTFI) downstream processing facilities.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Refer to the supplemental schedule, Net Debt, on page IX.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
LIQUIDITY, CASH FLOWS, CASH AND DEBT Liquidity.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Strategy & priorities
htm EX-99.1 Document Freeport Reports Second-Quarter and Six-Month 2026 Results Strong operational execution Consolidated copper sales exceeded April 2026 estimates Consolidated average unit net cash costs favorable to April 2026 estimates Ramp-up of the Grasberg Block Cave underground mine progressing on schedule Advancing organic copper growth projects, including Innovative leach and technology initiatives and potential brownfield expansions in the U.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Potential major expansion at El Abra in Chile Strong margins and cash flows positive operational and market outlook Net income attributable to common stock in second-quarter 2026 totaled $984 million, $0.68 per share, and adjusted net income attributable to common stock totaled $1.1 billion, $0.74 per share.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
As we look forward, we remain focused on restoring full operations at Grasberg safely and sustainably and continuing to build momentum on initiatives across our global footprint to grow margins, cash flow and earnings.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
OPERATIONS Leaching and Technology Innovation Initiatives.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Incremental copper production from these initiatives totaled 47 million pounds in second-quarter 2026 and 101 million pounds for the first six months of 2026.
SEC original ↗Freeport-McMoRan — Earnings release (8-K exhibit)EX-99Jul 23, 2026
Risks & headwinds
Estimates of mineral reserves and mineral resources are subject to considerable uncertainty.
SEC original ↗Freeport-McMoRan — Presentation / slide deck (8-K exhibit)EX-99Jul 23, 2026
Legal Proceedings 68 Item 1A.
SEC original ↗Freeport-McMoRan — 10-Q Quarterly report10-QAug 6, 2026
Reflects cash designated for talc-related litigation in accordance with a legal settlement (refer to Note 10 of FCX s 2025 Form 10-K for further discussion).
SEC original ↗Freeport-McMoRan — 10-Q Quarterly report10-QAug 6, 2026
Excludes amounts included in restricted cash and cash equivalents that approximate fair value and are associated with talc-related litigation at June 30, 2026, and December 31, 2025.
SEC original ↗Freeport-McMoRan — 10-Q Quarterly report10-QAug 6, 2026
Litigation There were no significant updates to previously reported legal proceedings included in Note 10 of FCX s 2025 Form 10-K.
SEC original ↗Freeport-McMoRan — 10-Q Quarterly report10-QAug 6, 2026
Earnings deck slides
6 decks with slide viewFreeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Freeport-McMoRan — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
61 documents- Q3 2026
- 8-KFCX
Oct 27, 2026
- 8-KFCX
Oct 2, 2026
- Q2 2026
- 8-KFCX
Sep 8, 2026
- 10-QFCX
Aug 6, 2026
- 8-KFCX
Jul 23, 2026
- Q1 2026
- 8-KFCX
Jun 10, 2026
- 8-KFCX
May 20, 2026
- 10-QFCX
May 8, 2026
- 8-KFCX
Apr 23, 2026
- Q4 2025
- 8-KFCX
Mar 23, 2026
- 8-K/AFCX
Feb 27, 2026
- 8-KFCX
Feb 24, 2026
- 10-KFCX
Feb 13, 2026
- 8-KFCX
Jan 22, 2026
- 8-KFCX
Jan 16, 2026
- Q3 2025
- 8-KFCX
Nov 18, 2025
- 10-QFCX
Nov 6, 2025
- 8-KFCX
Oct 23, 2025
- 8-KFCX
Oct 6, 2025
- Q2 2025
- 8-KFCX
Sep 24, 2025
- 8-KFCX
Sep 12, 2025
- 8-KFCX
Sep 10, 2025
- 8-KFCX
Sep 9, 2025
- 10-QFCX
Aug 8, 2025
- 8-KFCX
Jul 23, 2025
- Q1 2025
- 8-KFCX
Jun 12, 2025
- 10-QFCX
May 8, 2025
- 8-KFCX
Apr 24, 2025
- Q4 2024
- 8-KFCX
Mar 31, 2025
- EX-99FCX
Mar 31, 2025
- 10-KFCX
Feb 14, 2025
- 8-KFCX
Jan 23, 2025
- Q3 2024
- 10-QFCX
Nov 8, 2024
- 8-KFCX
Oct 22, 2024
- Q2 2024
- 10-QFCX
Aug 7, 2024
- 8-KFCX
Jul 23, 2024
- 8-KFCX
Jul 2, 2024
- Q1 2024
- 8-KFCX
Jun 12, 2024
- 10-QFCX
May 8, 2024
- 8-KFCX
Apr 23, 2024
- Q4 2023
- 10-KFCX
Feb 16, 2024
- 8-KFCX
Feb 9, 2024
- 8-KFCX
Jan 24, 2024
- Q3 2023
- 8-KFCX
Nov 17, 2023
- 10-QFCX
Nov 3, 2023
- 8-KFCX
Oct 19, 2023
- Q2 2023
- 8-KFCX
Aug 11, 2023
- 10-QFCX
Aug 3, 2023
- 8-KFCX
Jul 20, 2023
- Q1 2023
- 8-KFCX
Jun 7, 2023
- 10-QFCX
May 4, 2023
- 8-KFCX
Apr 21, 2023
- Q4 2022
- 10-KFCX
Feb 15, 2023
- 8-KFCX
Feb 13, 2023
- 8-KFCX
Feb 8, 2023
- 8-KFCX
Jan 25, 2023
- Q3 2022
- 10-QFCX
Nov 4, 2022
- 8-KFCX
Oct 25, 2022
- 8-KFCX
Oct 20, 2022
- Q2 2022
- 10-QFCX
Aug 5, 2022
- 8-KFCX
Jul 21, 2022
Earnings releases
20 documentsPresentations
24 documents- Q4 2025
- FCXDeck
- FCXDeck
- Q3 2025
- FCXDeck
- FCXDeck
- Q2 2025
- FCXDeck
- FCXDeck
- Q1 2024
- FCXDeck
- FCXDeck
- Q4 2023
- FCXDeck
- FCXDeck
- Q3 2023
- FCXDeck
- Q2 2023
- FCXDeck
- FCXDeck
- Q1 2023
- FCXDeck
- FCXDeck
- Q4 2022
- FCXDeck
- Q3 2022
- FCXDeck
- Q2 2022
- FCXDeck
- Other presentations
- FCXDeck
- FCXDeck
Oct 27, 2026
- FCXDeck
Oct 27, 2026
- FCXDeck
Oct 27, 2026
- FCXDeck
Oct 27, 2026
- FCXDeck
Transcripts
0 documentsNo transcripts for Freeport-McMoRan are held in this edition of the library.
Mentioned by
15 companiesOther tracked companies whose held documents mention Freeport-McMoRan by name or ticker. A mention is counted once per document, from the document text the library holds.
“d., Antofagasta plc, BHP Group Limited, Cenovus Energy Inc., First Quantum Minerals Ltd., Freeport McMoran Inc., Gold Fields Limited, Kinross Gold Corporation, Newmont Corporation,… …into administration in November 2020 and MRI was placed in administ”
“lion for the year 2024. Operating cash flows… …deposited in Indonesia banks. In addition, FCX has $3.0 billion of availability under its revolving credit facility, and PT-FI and Cerro Verde have $1.5 billion and $350 million, respectively, of availab”
“mpensation purposes: Anglo American, Barrick, Cameco Corporation, First Quantum Minerals, Freeport-McMoRan Inc., Kinross Gold Corporation, Lundin Mining Corporation, Newmont Corporation,… … • We provided record shareholder returns”
“Rio Tinto, All Rights Reserved | 2026 Half Year… …BHP, Glencore, Anglo American, Codelco, Freeport-McMoRan, Group Mexico, Teck, Antofagasta, First Quantum Minerals and Vale. 3. Attributable copper production - sourced via Wood Mackenzie. Based on rep”
“Rio Tinto, All Rights Reserved | 2026 Half Year… …BHP, Glencore, Anglo American, Codelco, Freeport-McMoRan, Group Mexico, Teck, Antofagasta, First Quantum Minerals and Vale. 3. Attributable copper production - sourced via Wood Mackenzie. Based on rep”
“nd remediation efforts, and phased ramp-up of production … …and prices of the commodities FCX produces, primarily copper and gold; changes in export duties and tariff rates; production rates; timing of shipments and sales; reduced customer demand or ”
“project’, ‘schedule’, ‘seek’, ‘should’, ‘strategy’, ‘target’, ‘trend’, ‘will’,… …Codelco, Freeport-McMoRan, Glencore, Southern Copper, Rio Tinto and Anglo American; as well as Teck, First Quantum Minerals and Ivanhoe Mines. Cumulative competitor decr”
Zto Express (Cayman) Inc. (ZTO)
“ng capital and other uses, in first-quarter 2025.… …with a previous Indonesia regulation. FCX also had $3.0 billion of availability under its revolving credit facility, and PTFI and Cerro Verde had $1.5 billion and $350 million, respectively, of avai”
“ital Infrastructure Traditional Demand1… …include BHP, Glencore, Anglo American, Codelco, Freeport-McMoRan, Group Mexico, Teck, Antofagasta, First Quantum Minerals and Vale. 3. Attributable copper production - sourced via Wood Mackenzie. Based on rep”
“ital Infrastructure Traditional Demand1… …include BHP, Glencore, Anglo American, Codelco, Freeport-McMoRan, Group Mexico, Teck, Antofagasta, First Quantum Minerals and Vale. 3. Attributable copper production - sourced via Wood Mackenzie. Based on rep”
“ • Net income attributable to common stock… …consolidated cash and cash equivalents. FCX also had $3.0 billion of availability under its revolving credit facility, and PTFI and Cerro Verde had $1.5 billion and $350 million, respectively, of avai”
“ash Flow CAPEX $2.1 (3) $3.5 (2) 1H26 ($ bns) (1) A reconciliation of amounts reported in FCX’s consolidated financial… …higher variability between PTFI production and sales; unit net cash costs (credits) and operating costs; capital expenditures; op”
“ing capital and other sources, in first-quarter… …consolidated cash and cash equivalents. FCX also had $3.0 billion of availability under its revolving credit facility, and PTFI and Cerro Verde had $1.5 billion and $350 million, respectively, of avai”
“ liquidity ▪ $3.7 bn in consolidated cash and cash equiv. ▪ $3.0 bn in availability under FCX credit facility ▪ $1.5 bn in availability under PTFI credit facility ▪ $350 mm in availability under Cerro Verde credit… … the ongoing implementation of FCX”
“, AngloGold Ashanti plc, Antofagasta plc, BHP Group Limited, First Quantum Minerals Ltd., Freeport McMoran Inc., Gold Fields Limited, Kinross Gold Corporation, Newmont Corporation,… …sustainability; (vii) legal; (viii) human resources; (ix) corporate”
See also the earnings calendar for every tracked company’s next earnings date.