NYSE$FCX

Freeport-McMoRan Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Freeport-McMoRan reported Q3 2025 revenues of $6.97B with net income attributable to common stockholders of $674M and diluted EPS of $0.46.

Revenues were $6.97 billion as copper and gold sales volumes and prices shaped results. Net income attributable to common stockholders was $674 million with diluted EPS of $0.46.

  • Q3 revenues $6.97B.
  • Net income attributable to common stockholders $674M.
  • Diluted EPS $0.46.
  • Copper prices, production, and leach initiatives drive outlook.

Headline financials

Total Revenue

$6.97B

Previous: $6.79B+2.7%
EPS (adj)

$0.46

Previous: $0.36+27.8%
Copper Production

912.0M

No prior period
Copper Sales

977.0M

No prior period
Copper Price

$4.68

No prior period
Gold Production

287.0K

No prior period
Gold Sales

336.0K

No prior period
Gold Price

$3.54K

No prior period
Molybdenum Production

22.0M

No prior period
Molybdenum Sales

19.0M

No prior period
Molybdenum Price

$24.07

No prior period
Free Cash Flow

$1.25B

Previous: $1.24B+0.9%
Net Income

$1.25B

Previous: $1.24B+0.9%
Operating Income

$1.97B

Previous: $1.94B+1.8%
Gross Profit

$2.14B

Previous: $2.11B+1.4%
Cash & Equivalents

$4.32B

Previous: $5B-13.6%
Total Assets

$56.8B

Previous: $55.4B+2.6%

Revenue & EPS history

Freeport-McMoRan · Revenue · Quarterly

$6.97B

Q3 2025+2.7%vs Q3 2024
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%

Forward guidance

The filing discusses Freeport-McMoRan's outlook, capital allocation, and key risks for upcoming periods, including guidance or operating priorities where disclosed.

Tailwinds

  • Freeport-McMoRan cites execution and demand trends supporting the outlook.
  • Liquidity and balance-sheet capacity support operations and returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability.
  • Commodity prices and global demand remain key swing factors.

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 Q3 2025

Historical avgQ3 2025

-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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