Freeport Q3 profit rises to $674 million, but Indonesia mine suspension weighs on outlook
Freeport-McMoRan reported third-quarter 2025 net income attributable to common stock of $674 million, or $0.46 per share, up from $526 million, or $0.36 per share, a year earlier, on revenues of $6.97 billion. Operations at PT Freeport Indonesia remain temporarily suspended after the September 8, 2025 mud rush incident, which killed seven team members, and copper sales came in below July 2025 guidance, so shareholders face near-term production losses and an uncertain outlook for 2026.
Key points
- Third-quarter net income attributable to common stock was $674 million, $0.46 per share, versus $526 million, $0.36 per share, in third-quarter 2024; revenues were $6.97 billion versus $6.79 billion.
- Third-quarter copper sales of 977 million pounds were slightly below July 2025 guidance of 990 million pounds.
- Mining in Indonesia has been suspended since the September 8, 2025 mud rush incident; FCX expects minimal fourth-quarter 2025 sales from Indonesia.
- Under a September 24, 2025 scenario, PTFI's 2026 production could be about 35% below pre-incident estimates; FCX plans an analyst call on November 18, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.