Earnings Releases·Oct 27, 2026, 8:08 AM ET

Freeport-McMoRan — Third Quarter 2026 Earnings Summary

Consolidated revenues rose to $7.546 billion and net income to $1.174 billion ($0.81 per share) in Q3 2026, up from $6.972 billion and $674 million respectively in the prior year period, while operating cash flows reached $2.0 billion.
Full-year 2026 guidance projects consolidated sales of 3.0 billion pounds of copper and operating cash flows of approximately $8.5 billion, with unit net cash costs expected to average $1.90 per pound.
Shareholder returns totaled $955 million in the first nine months of 2026, comprising $650 million in dividends and $305 million in share repurchases, with a new quarterly dividend of $0.15 declared on September 23, 2026.
Strategic progress includes PTFI smelter re-commencement in late August 2026, a $1.75 billion credit facility extension to 2031, and an MOU for a Grasberg resource extension beyond 2041, though Q3 results included $244 million in costs related to the 2025 mud rush incident.