Summary
Freeport-McMoRan Inc. (FCX) reported solid financial results for the third quarter and first nine months of 2025, with revenues increasing to $6.97 billion and $20.28 billion, respectively. Net income attributable to common stockholders rose to $674 million ($0.46 per diluted share) in the third quarter and $1.8 billion ($1.24 per diluted share) for the nine-month period. The company benefited from higher average realized prices for copper and gold, which offset slightly lower sales volumes. Despite a significant mud rush incident at its Grasberg minerals district in Indonesia that caused temporary operational suspensions and resulted in charges of $195 million, FCX maintained a strong liquidity position with $4.3 billion in cash and cash equivalents and an undrawn revolving credit facility of $3.0 billion. The company also reaffirmed its commitment to returning capital to shareholders through dividends and share repurchases, with $3.0 billion remaining under its share repurchase program. Looking ahead, FCX projects consolidated copper sales volumes of 3.5 billion pounds for 2025, with fourth-quarter volumes expected to be impacted by the ongoing recovery in Indonesia. Unit net cash costs for copper are projected to average $1.68 per pound for the year, excluding the impact of the mud rush incident. The company is focused on managing operating costs and capital expenditures prudently as it navigates the aftermath of the incident and evaluates future production plans. FCX also continues to advance its long-term growth initiatives, including exploring opportunities for operational enhancements and technological innovations.
Financial Highlights
50 data points| Revenue | $6.97B |
| Cost of Revenue | $4.83B |
| Gross Profit | $2.14B |
| SG&A Expenses | $131.00M |
| Operating Expenses | $5.00B |
| Operating Income | $1.97B |
| Net Income | $674.00M |
| EPS (Basic) | $0.46 |
| EPS (Diluted) | $0.46 |
| Shares Outstanding (Basic) | 1.44B |
| Shares Outstanding (Diluted) | 1.44B |
Key Highlights
- 1Revenues increased to $6.97 billion for Q3 2025 and $20.28 billion for the first nine months of 2025, driven by higher commodity prices.
- 2Net income attributable to common stockholders was $674 million ($0.46/share) for Q3 and $1.8 billion ($1.24/share) for the nine months, up from the prior year periods.
- 3A significant mud rush incident at the Grasberg minerals district in Indonesia resulted in seven fatalities and temporary operational suspensions, with associated charges of $195 million recorded in Q3.
- 4Despite the incident, FCX maintained a strong balance sheet with $4.3 billion in cash and cash equivalents and $3.0 billion in availability under its revolving credit facility.
- 5The company reiterated its commitment to shareholder returns, declaring a quarterly dividend of $0.15 per share and maintaining a $3.0 billion share repurchase authorization with substantial availability.
- 6FCX provided an updated 2025 outlook, projecting consolidated copper sales volumes of 3.5 billion pounds, with unit net cash costs for copper expected to average $1.68 per pound (excluding incident-related costs).
- 7Discussions are advancing with the Indonesian government for a long-term extension of PTFI's operating rights beyond 2041.