Freeport-McMoRan Q2 FY26 net income rises to $1 billion; revenue falls to $7 billion

Reuters2026/07/23 12:09

By:Reuters

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Freeport-McMoRan posted 2Q26 net income attributable to common stock of $1 billion, or $0.68 per diluted share, up from $0.8 billion a year earlier.
Revenue fell to $7 billion from $7.6 billion, while operating cash flows eased to $2 billion from $2.2 billion.
Copper sales totaled 710 million pounds at an average realized price of $6.17 per pound; unit net cash costs rose to $1.97 per pound from $1.13.
Adjusted EBITDA, a non-GAAP measure, climbed to $2.9 billion from $2 billion; capital expenditures declined to $1.1 billion from $1.3 billion.
Grasberg Block Cave ramp-up met expectations and stayed on schedule; 2026 outlook reiterated at 3.1 billion pounds of copper and $4.3 billion of capex.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Freeport-McMoRan Q2 FY26 net income rises to $1 billion; revenue falls to $7 billion

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