| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.3K | 12.2% |
| Total Income | 6.3K | 12.2% |
| Expenditure | 4.1K | 7.4% |
| PBT | 2.0K | 57.5% |
| Net Profit | 881.00 | 150.3% |
| OPM | 34.17% | 10.79pp |
| NPM | 14.09% | 7.77pp |
| EPS | 0.61 | 154.2% |
Freeport (FCX) Reports Q1 2026 Net Income of $881 Million, $0.61 Per Share
23 Apr 2026 · 23 Apr, 5:39 pm
Summary
Freeport reported first-quarter 2026 net income attributable to common stock of $881 million, or $0.61 per share. Adjusted net income was $830 million, or $0.57 per share. Consolidated copper production was 662 million pounds, gold production was 97 thousand ounces, and molybdenum production was 22 million pounds. The average realized copper price was $5.78 per pound, and operating cash flows totaled $1.5 billion.
Key Highlights
- 1
Freeport's first-quarter 2026 net income attributable to common stock totaled $881 million, or $0.61 per share.
- 2
Adjusted net income attributable to common stock for the first quarter of 2026 was $830 million, or $0.57 per share.
- 3
Consolidated copper production in the first quarter of 2026 totaled 662 million pounds.
- 4
First-quarter 2026 gold production totaled 97 thousand ounces.
- 5
Molybdenum production reached 22 million pounds in the first quarter of 2026.
- 6
The average realized price for copper in the first quarter of 2026 was $5.78 per pound.
- 7
Operating cash flows for the first quarter of 2026 totaled $1.5 billion.
Management Comments
Kathleen Quirk
Our first quarter financial results reflect the strength of our diversified portfolio with growth in revenues, cash flow and earnings, compared with last year’s first quarter, despite reduced capacity at our Indonesia operations. Freeport’s global team is focused on restoring operations at Grasberg safely and sustainably, driving new technologies and efficiency programs to increase the profitability of our Americas operations and pursing our highly attractive portfolio of organic growth options to generate value for shareholders. Freeport is strongly positioned as “America’s Copper Champion” and as a global leader in copper with large scale, geographically diverse operations and a pipeline of near-, medium- and long-term growth options to support a growing market.
Informational and educational content only. Not investment advice.