Citable filing context
FCX's research view summarizes recent SEC filing context, starting with earnings from Jul 23, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 23, 2026 | earnings | Freeport-McMoRan reported second-quarter 2026 net income of $984 million, or $0.68 per share. |
| Jun 10, 2026 | other | FCX stockholders elected 11 directors, approved executive compensation, and ratified Ernst & Young LLP at the 2026 annual meeting. |
| May 20, 2026 | debt_offering | FCX entered a new $3.0 billion senior unsecured revolving credit facility maturing May 14, 2031. |
| Jul 23, 2026 | Guidance: capital_expenditures | not reported to 4.30 |
| Jul 23, 2026 | Guidance: copper_sales | not reported to 3.10 |
| Jul 23, 2026 | Guidance: gold_sales | not reported to 650.00 |
| Aug 6, 2026 | mda_quarterly | Freeport-McMoRan (FCX) reported strong second-quarter 2026 results, driven by favorable realized prices for copper, gold, and molybdenum. Net income attributable to common stockholders reached $984 million for the quarter, up from $772 million in the prior-year period, bolstered by higher operating income from U.S. copper mines and an insurance settlement related to the September 2025 mud rush at the Grasberg minerals district in Indonesia. Operational focus remains on the phased ramp-up of the Grasberg Block Cave underground mine, which is expected to reach full capacity by late 2027. In the U.S. and South America, FCX is advancing leaching technology initiatives, targeting an annual run rate of 300 million pounds of incremental copper by year-end 2026. Management is also evaluating a major expansion at the Bagdad operation in Arizona, with a potential investment decision expected in the second half of 2026, alongside ongoing studies for the El Abra mine in Chile. The company maintains a solid liquidity position with $4.1 billion in cash and $3.0 billion in revolving credit availability. FCX continues to execute its financial policy, which prioritizes a base dividend and performance-based payouts while maintaining net debt within a $3.0 billion to $4.0 billion target range. |
| May 8, 2026 | mda_quarterly | Freeport-McMoRan reported first-quarter 2026 net income of $881 million, a substantial increase from $352 million in Q1 2025, primarily driven by higher realized copper and gold prices and a $0.7 billion insurance settlement related to the September 2025 Grasberg mud rush incident. This gain partially offset significantly lower copper and gold sales volumes from its Indonesian operations. Consolidated copper sales guidance for 2026 was revised downward to 3.078 billion pounds and gold to 650 thousand ounces, reflecting a delayed ramp-up of the Grasberg Block Cave underground mine, now anticipated to reach full capacity by late 2027 due to required material handling system modifications. Consolidated unit net cash costs for copper are projected at $1.95 per pound for 2026, higher than previous estimates, attributed to reduced Indonesian volumes and increased energy and consumable costs, partly influenced by the Middle East conflict. The company expects $1.3 billion in non-inventoriable idle facility and restoration costs for Grasberg in 2026. FCX continues to pursue organic growth, with leaching initiatives in the U.S. and South America targeting 300 million pounds of copper by 2026, and potential major expansions at El Abra in Chile and Bagdad in the U.S. Capital expenditures are forecast at $4.3 billion for 2026, with $3.0 billion allocated to major projects, including Grasberg underground development and Kucing Liar. Copper demand fundamentals remain robust, supported by global electrification and AI growth. |
Source: SEC EDGAR filing text and events; period Jul 23, 2026; filed Jul 23, 2026.
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