Form 8-K · Current report
Freeport-McMoRan 8-K, filed Jul 23, 2026
- Filed
- CIK
- 0000831259
- Accession no.
- 0000831259-26-000033
Summary
Freeport-McMoRan reported second-quarter 2026 net income attributable to common stock of $984 million, or $0.68 per share, and adjusted net income attributable to common stock of $1.1 billion, or $0.74 per share, on consolidated copper sales of 710 million pounds. The company said the Grasberg Block Cave underground mine ramp-up is progressing on schedule and expected full-year 2026 consolidated sales to approximate 3.1 billion pounds of copper, 650 thousand ounces of gold, and 93 million pounds of molybdenum.
Key points
- Second-quarter 2026 consolidated production was 786 million pounds of copper, 192 thousand ounces of gold, and 23 million pounds of molybdenum; consolidated sales were 710 million pounds of copper, 123 thousand ounces of gold, and 25 million pounds of molybdenum.
- Average realized prices in second-quarter 2026 were $6.17 per pound for copper, $4,520 per ounce for gold, and $28.75 per pound for molybdenum; average unit net cash costs were $1.97 per pound of copper.
- Operating cash flows totaled $2.0 billion in second-quarter 2026, and capital expenditures totaled $1.1 billion, including $0.7 billion for major mining projects.
- FCX purchased 1.7 million shares of its common stock for $110 million and 2.0 million shares of Cerro Verde common stock for $107 million during second-quarter 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. Freeport-McMoRan Inc. (FCX) issued a press release dated July 23, 2026, announcing its second-quarter and six-month 2026 financial and operating results. A copy of the press release is furnished hereto as Exhibit 99.1. Item 7.01. Regulation FD Disclosure. The slides to be presented in connection with FCX’s previously announced second-quarter 2026 earnings conference call being webcast on the internet at 10:00 a.m. Eastern Time on July 23, 2026, are furnished hereto as Exhibit 99.2. …
An excerpt of the text as filed with the SEC, cut for length.
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