Freeport-McMoRan Reports Third-Quarter 2026 Net Income of $1.2 Billion
Freeport-McMoRan reported third-quarter 2026 net income attributable to common stock of $1.2 billion, or $0.81 per share, alongside consolidated production of 832 million pounds of copper and 234 thousand ounces of gold. The company advanced its Grasberg underground mine ramp-up and maintained strong cash flow generation, while outlining capital expenditure expectations of $4.4 billion for the full year 2026. These results highlight stable operational performance and ongoing development initiatives across its global mining portfolio.
Key points
- Third-quarter 2026 net income attributable to common stock totaled $1.2 billion, or $0.81 per share.
- Consolidated production reached 832 million pounds of copper, 234 thousand ounces of gold, and 22 million pounds of molybdenum in the third quarter.
- Operating cash flows for the third quarter of 2026 were $2.0 billion.
- During the third quarter, the company repurchased 1.4 million shares of its common stock for $102 million.
The filing
Written by AI on Oct 29, 2026, 3:00 AM ET, from this filing only.
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