Freeport-McMoRan Q2 FY26 net income climbs 27.46% to USD 984 million

Reuters2026/08/06 22:16

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Freeport-McMoRan posted Q2 net income attributable to common stockholders of $984 million, up 27.46%, with diluted EPS of $0.68, up 28.3%.
Revenue fell 7.29% to $7.03 billion, while operating income slid 17.64% to $2.00 billion.
Copper sales volumes dropped to 710 million pounds from 1,016 million pounds, while the average realized copper price rose 35.9% to $6.17 per pound.
Unit net cash costs rose to $1.97 per pound from $1.13 per pound, while site production and delivery costs increased to $3.28 per pound from $2.71.
Management cited strong Q2 execution and favorable realized prices, offset by lower Indonesia results during the phased Grasberg Block Cave ramp-up after the September 2025 mud rush incident.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000831259-26-000036), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Freeport-McMoRan Q2 FY26 net income climbs 27.46% to USD 984 million

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