FCX
Freeport-McMoRan Inc.47.54
+0.02+0.04%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
68.26BP/E (TTM)
33.24Basic EPS (TTM)
1.43Dividend Yield
0.01%Recent Filings
8-K
10-Q
8-K
FCX Q3 earnings hit by Grasberg incident
Freeport-McMoRan reported third-quarter 2025 net income of $674 million, or $0.46 per share, with consolidated copper sales of 977 million pounds at $4.68 per pound, down from prior year due to a September 8 mud rush at Indonesia's Grasberg mine that suspended operations and caused seven fatalities. Yet unit net cash costs beat guidance at $1.40 per pound, buoyed by strong by-product credits, while operating cash flows hit $1.7 billion. The incident slashes 2025 Indonesian output; recovery starts soon.
8-K
Grasberg mine mud rush update
Freeport-McMoRan disclosed a tragic mud rush at its Grasberg Block Cave mine on September 8, 2025, claiming two lives and leaving five workers missing, prompting a temporary suspension of operations in the Grasberg minerals district. This incident, involving 800,000 metric tons of material, will slash third-quarter 2025 sales by about 4% for copper and 6% for gold versus prior estimates, with Q4 output near zero and 2026 production potentially 35% below forecasts amid repairs and a phased restart targeting pre-incident rates by 2027. Yet risks loom large. PTFI pursues insurance recovery up to $1.0 billion after a $0.5 billion deductible.
8-K
Grasberg mine rescue ongoing
Freeport-McMoRan disclosed a mud flow incident on September 8, 2025, at its PT Freeport Indonesia's Grasberg Block Cave mine, blocking access to seven missing contractor workers and prompting round-the-clock rescue efforts. Mining operations in the Grasberg minerals district remain suspended to prioritize safe evacuation, while expert teams drill into affected areas without yet locating the individuals. Indonesian authorities are assisting on-site. PTFI plans a thorough investigation, potentially revising near-term production forecasts.
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