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Q2 2026 earnings • released • EPS beat +18.50% • Revenue beat +4.17%
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FCX:NYSE
Freeport-McMoRan Inc
$62.60
-1.42%
(-0.90) 1D
$62.53
-0.11% (-0.070)
After hours
Closed: Jul 24, 4:03:54 PM GMT-4  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for FCX...
Open
$62.56
High
$62.99
Low
$61.05
Mkt. cap
89.99B
Avg. vol.
15.53M
Volume
11.94M
Dividend
0.96%
Quarterly dividend
$0.15
Ex-dividend date
Jul 15, 2026
P/E ratio
30.75
52-wk high
$72.28
52-wk low
$35.15
EPS
$2.04
Beta
1.37
Shares outstanding
1.44B
No. of employees
29K
Open
$62.56
High
$62.99
Low
$61.05
Mkt. cap
89.99B
Avg. vol.
15.53M
Volume
11.94M
Dividend
0.96%
Quarterly dividend
$0.15
Ex-dividend date
Jul 15, 2026
P/E ratio
30.75
52-wk high
$72.28
52-wk low
$35.15
EPS
$2.04
Beta
1.37
Shares outstanding
1.44B
No. of employees
29K
News stories
From sources across the web
Profile
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia. It was founded 1912 by the son of a Swedish banker to develop sulfur mining along the US Gulf Coast concurrently with Freeport, Texas. In 1913, it incorporated as a vertically integrated holding company including numerous subsidiaries like gas and light, railroad, oil from Tampico, Mexico, and a refinery. After 1930, the company diversified by buying into manganese mines, nickel during World War II, potash and the Cuban American Manganese Corporationin the 1950s. Since 1967, the company has mined the Ertsberg deposit of gold and copper in the Grasberg mine, where since 2017 it has been holding a 49% interest. In the 1990s the Rio Tinto Group invested in Freeport and IMC Group acquired its fertilizer business. Wikipedia
About Freeport-McMoRan Inc
CEOKathleen L. Quirk
Employees29K
FoundedNov 10, 1987
HeadquartersPhoenix, Arizona, United States
SectorCopper
Websitefcx.com
Analyst ratings
Based on 14 analysts giving stock ratings to FCX in the past 3 months
Strong buy
Buy
11
Hold
3
Sell
0
12-month forecast
Based on 14 Wall Street analysts offering 12 month price targets for FCX in the last 3 months.
Highest
Current $62.60
$80.00 (+27.80%)
Average
$74.92 (+19.68%)
Lowest
$66.00 (+5.43%)
Analyst
Recommendation
Action
Price target
Projected
Date
Nick Cash
Goldman Sachs
Buy
Maintained
$74.00
+18.2%
07/23/2026
Carlos De Alba
Morgan Stanley
Hold
Maintained
$70.00
+11.8%
07/24/2026
Daniel Major
UBS
Buy
Maintained
$77.00
+23%
07/24/2026
Katja Jancic
BMO Capital
Buy
Maintained
$78.00
+24.6%
07/24/2026
Orest Wowkodaw
Scotiabank
Buy
Reiterated
$77.00
+23%
07/24/2026
Sam Crittenden
RBC Capital
Hold
Maintained
$73.00
+16.6%
07/23/2026
Timna Tanners
Wells Fargo
Buy
Maintained
$70.00
+11.8%
07/24/2026
Lawson Winder
Bank of America Securities
Buy
Reiterated
$80.00
+27.8%
07/23/2026
Ralph M. Profiti
Stifel Nicolaus
Buy
Maintained
$80.00
+27.8%
07/21/2026
Richard Garchitorena
Barclays
Buy
Reiterated
$80.00
+27.8%
07/16/2026
Bob Brackett
Bernstein
Hold
Maintained
-
-
07/15/2026
Bill Peterson
J.P. Morgan
Buy
Reiterated
$77.00
+23%
07/12/2026
Unknown Analyst
Barclays
Buy
Initiated
$77.00
+23%
05/21/2026
Liam Fitzpatrick
Deutsche Bank
Buy
Maintained
$72.00
+15%
05/15/2026
Alexander Hacking
Citi
Buy
Reiterated
$66.00
+5.4%
05/04/2026
Chris LaFemina
Jefferies
Buy
Maintained
$75.00
+19.8%
04/23/2026
Unknown Analyst
Goldman Sachs
Buy
Initiated
$61.38
-1.9%
04/01/2026
Alexandra Yates
Argus Research
Buy
Upgraded
-
-
02/13/2026
Last report
Jul 23, 2026
Fiscal period
Q2 2026
EPS / Est. (USD)
$0.74 / $0.62
+18.50%beat
Revenue / Est. (USD)
7.03B / 6.75B
+4.17%beat
Fiscal Q2 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in USD
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
6.97B
5.63B
6.23B
7.03B
Cost of goods sold
4.20B
4.07B
3.66B
4.04B
Cost of revenue
4.20B
4.07B
3.66B
4.04B
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
131.00M
133.00M
162.00M
135.00M
Operating expense
811.00M
755.00M
638.00M
724.00M
Total operating expenses
5.02B
4.82B
4.30B
4.68B
Operating income
1.96B
811.00M
1.94B
1.98B
Other non operating income
59.00M
31.00M
-11.00M
22.00M
EBT including unusual items
1.92B
767.00M
2.04B
1.94B
EBT excluding unusual items
1.90B
767.00M
1.84B
2.28B
Income tax expense
669.00M
202.00M
653.00M
544.00M
Effective tax rate
34.92%
26.34%
32.01%
28.11%
Other operating expenses
-
21.00M
17.00M
13.00M
Net income
674.00M
406.00M
881.00M
984.00M
Net profit margin
9.67%
7.21%
14.13%
14.00%
Earnings per share
0.50
0.47
0.57
0.74
Interest and investment income
-
-
22.00M
-
Interest expense
-107.00M
-110.00M
-114.00M
-95.00M
Net interest expenses
-107.00M
-110.00M
-92.00M
-95.00M
Depreciation and amortization charges
625.00M
485.00M
421.00M
444.00M
EBITDA
2.58B
1.65B
2.45B
2.87B
Gain or loss from assets sale
-16.00M
16.00M
-
-18.00M
Insider transactions
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