Freeport-McMoRan Q3 2026 net income attributable to common stock jumps 74% to $1.17 billion
Bitget2026/10/27 12:05- Freeport-McMoRan’s third-quarter 2026 net income attributable to common stockholders jumped 74% year over year to $1.17 billion.
- Revenues rose 8% to $7.55 billion, while operating cash flows climbed 17% to $1.98 billion year over year.
- Copper sales volumes fell 23% to 749 million pounds; gold sales volumes dropped 69% to 105,000 ounces year over year.
- PTFI’s smelter restarted in late August 2026; Grasberg operations remain targeted to approach full capacity by year-end 2027.
- For 2026, operating cash flows are expected to total approximately $8.5 billion, with capital expenditures projected at $4.4 billion.
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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