Freeport-McMoRan Inc. has announced a robust net income of $881 million and revenues of $6.23 billion, marking a significant recovery from the previous year. However, the company has raised its net unit cost guidance to $1.95 per pound and lowered its full-year copper and gold sales forecasts. Despite these challenges, Freeport-McMoRan is positioned for strong operating cash flow of approximately $8.7 billion if current copper prices hold, and it anticipates $700 million in insurance recoveries related to the Grasberg incident.
“Freeport-McMoRan · produces · copper · more than few companies”
“Freeport-McMoRan · reported net income · $881 million · $0.61 per share”
“Freeport-McMoRan · reported revenue · $6.23 billion · up from $5.73 billion a year earlier”
“Freeport-McMoRan · expects operating cash flow · $8.7 billion · for the full year”
“Freeport-McMoRan · raised net unit cost guidance · $1.95 per pound · from $1.75”
“Freeport-McMoRan · secured a key agreement with the Indonesian government · extends operating rights for the life of the resource · removes a major long-term uncertainty”
“Freeport-McMoRan · had a 52-week high · $70.97 · at one point in late April 2026”
“Freeport-McMoRan · lowered full-year copper and gold sales guidance”
“Freeport-McMoRan · has around · $2.9 billion · left under its share buyback program”
“Freeport-McMoRan · expects · $700 million in insurance recoveries · tied to the Grasberg incident during Q2”
“Freeport-McMoRan · has a very strong balance sheet”
“Copper giant Freeport-McMoRan and gold and silver miner Newmont · were among · top S&P 500 stock advancers · ahead of the open”