Freeport-McMoRan reports higher third-quarter profit and $2 billion in cash flow
Filed with the SEC on · Summarized by InvestorsBot
Freeport-McMoRan reported third-quarter 2026 net income attributable to common stock of $1.2 billion, or $0.81 per diluted share, compared with $674 million, or $0.46 per share, a year earlier; adjusted earnings were $1.3 billion, or $0.88 per share. Revenue rose to $7.5 billion, operating cash flow reached $2.0 billion, and the company maintained its 2026 outlook for 3.0 billion pounds of copper sales, $8.5 billion of operating cash flow and $4.4 billion of capital spending, while Grasberg’s ramp-up and Indonesia smelter restart continued.