NYSE$FCX

Freeport-McMoRan Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

FCX Q2 2024 — $166.0M revenue, 0.42 EPS

The information furnished herein reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim periods reported. Freeport-McMoRan Inc reported Q2 2024 results. Diluted EPS came in at $0.42. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $166.0M.
  • Diluted EPS: $0.42.
  • Operating income: $2K.
  • Gross profit: $281.

Headline financials

Total Revenue

$6.62B

Previous: $5.74B+15.5%
EPS

$0.42

Previous: $0.35+20.0%
Capital Expenditures

-$1.12B

No prior period
Free Cash Flow

$1.28B

Previous: $731M+75.1%
Net Income

$1.28B

Previous: $731M+75.1%
Operating Income

$2.05B

Previous: $1.41B+45.3%
Gross Profit

$2.24B

Previous: $1.64B+36.5%
Cash & Equivalents

$5.27B

Previous: $6.68B-21.1%
Total Assets

$54.6B

Previous: $50.9B+7.3%
Stock-Based Comp

$24M

Previous: $19M+26.3%

Revenue & EPS history

Freeport-McMoRan · Revenue · Quarterly

$6.62B

Q2 2024+15.5%vs Q2 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Freeport-McMoRan · $5.35B total across 5 segments · Q3 2023

  • Indonesia Mining
    $2.03B+17.6%
  • Rod & Refining
    $1.57B+9.1%
  • S. America Mining
    $1.03B+16.3%
  • Atlantic Copper
    $692M+14.6%
  • N. America Copper
    $39M-57.6%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.7%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

43%

32 / 74 earnings

Positive

+18.0%

Q4 2015

Best reaction

-18.4%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.7%-17.3%-12.0%
Q4 2025-2.8%+3.8%+6.2%
Q3 2025+1.0%+1.0%-2.2%
Q2 2025-1.1%-3.0%+4.6%
Q1 2025+6.9%+5.6%+10.9%
Q4 2024-1.5%-8.3%-5.4%
Q3 2024-0.0%-2.8%-8.7%
Q2 2024-4.0%-2.2%-5.9%
Q1 2024-1.5%+3.2%+4.6%
Q4 2023+3.3%+5.4%+2.1%
Q3 2023-4.9%-3.3%+1.1%
Q2 2023-0.1%+7.4%-4.5%
Q1 2023-4.4%-9.9%-13.6%
Q4 2022+1.9%-1.4%-10.5%
Q3 2022+12.9%+11.7%+28.1%
Q2 2022-2.8%-2.2%+6.6%
Q1 2022-16.0%-19.5%-27.2%
Q4 2021-6.4%-6.1%+16.9%
Q3 2021-3.2%-0.2%-1.7%
Q2 2021+1.6%+4.9%-5.3%
Q1 2021+1.8%+7.8%+13.8%
Q4 2020-11.0%-7.1%+23.1%
Q3 2020+3.6%+0.0%+19.9%
Q2 2020-3.7%-2.9%+5.4%
Q1 2020+13.3%+18.6%+11.9%
Q4 2019-3.9%-8.3%-3.1%
Q3 2019-3.4%+3.1%+14.3%
Q2 2019-2.0%-0.3%-24.2%
Q1 2019-8.0%-9.4%-25.8%
Q4 2018-8.7%-3.5%+1.5%
Q3 2018-3.1%-4.5%-7.2%
Q2 2018-0.6%+0.1%-10.0%
Q1 2018-18.3%-18.6%-7.6%
Q4 2017-0.3%-2.4%-0.3%
Q3 2017-3.5%-8.5%-5.8%
Q2 2017+16.2%+12.7%+19.5%
Q1 2017+10.4%+4.3%-4.3%
Q4 2016-6.9%-4.5%-22.2%
Q3 2016+3.9%+7.4%+59.2%
Q2 2016+5.5%+4.7%-10.4%
Q1 2016+11.5%
Q4 2015+18.0%
Q3 2015+1.5%
Q2 2015-18.4%
Q1 2015+1.2%
Q4 2014-10.9%
Q3 2014-4.3%
Q2 2014-3.1%
Q1 2014+1.5%
Q4 2013-4.5%
Q3 2013+4.5%
Q2 2013-0.9%
Q1 2013+0.9%
Q4 2012+4.1%
Q3 2012-5.3%
Q2 2012+2.3%
Q1 2012+2.2%
Q4 2011-0.6%
Q3 2011+2.9%
Q2 2011-10.5%
Q1 2011-0.3%
Q4 2010+2.1%
Q4 2007+2.1%
Q3 2010+1.3%
Q2 2010+0.9%
Q1 2010+3.1%
Q4 2009+3.2%
Q3 2008+4.7%
Q3 2009+4.7%
Q2 2009-2.5%
Q2 2008-2.5%
Q1 2009-5.2%
Q1 2008-5.2%
Q4 2008-5.2%

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