FCX Q3 Earnings Beat Estimates on Strong Copper Pricing

What happened: Freeport-McMoRan (FCX) reported third-quarter 2026 adjusted earnings of 88 cents per share, beating the Zacks Consensus Estimate, with revenues up 8.2% year over year to $7.55 billion. Key numbers: EPS 88 cents vs 80 cents estimate, up 76% from 50 cents a year earlier. Revenue $7.55 billion vs $7.09 billion estimate. Why it matters: Higher realized copper and molybdenum prices supported results despite lower copper and gold sales volumes, which reflected lower operating rates at PT Freeport Indonesia during the Grasberg Block Cave ramp-up and shipment timing. Market: +2.7% today ($42.40), +33.7% YTD, 0.2x vol — as of 18:17 UTC Coverage: 4 outlets in 24h

Freeport-McMoRan (FCX) reported third-quarter 2026 adjusted earnings of 88 cents per share, beating the Zacks Consensus Estimate, with revenues up 8.2% year over year to $7.55 billion.

Higher realized copper and molybdenum prices supported results despite lower copper and gold sales volumes, which reflected lower operating rates at PT Freeport Indonesia during the Grasberg Block Cave ramp-up and shipment timing. Market: +2.7% today ($42.40), +33.7% YTD, 0.2x vol — as of 18:17 UTC