Freeport-McMoRan Inc. (FCX) Earnings Call Transcripts
Freeport-McMoRan Inc.'s Latest Earnings Call - September 16, 2026
In the Q3 2026 earnings call for Freeport-McMoRan Inc. (FCX), management highlighted a strong focus on copper production and growth initiatives, particularly in the U.S. and Indonesia. The company reported revenues of $6.5 billion and earnings per share (EPS) of $1.20, both exceeding analyst expectations. Management maintained guidance for 2027, projecting an increase in production driven by innovative leaching technologies, although they acknowledged challenges from inflationary pressures on costs.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $6.5B (beat) |
| EPS | $1.20 (beat) |
| Copper Production Target | 300 million pounds (positive) |
| U.S. Cost Target | $2.50 per pound (neutral) |
| Grasberg Capacity | 65% (positive) |
| Discretionary Cash Flow Allocation | 50% (positive) |
Guidance from management
Management maintained guidance for 2027, projecting production growth driven by leaching technology advancements, while acknowledging inflationary pressures on costs.
What analysts pressed on
Analysts expressed concerns over rising operational costs and the potential impact of tariffs on copper cathodes. There was also apprehension regarding the timeline for scaling production from innovative leaching processes.
Main topics on the call
- Copper Market Dynamics — Management emphasized the strong fundamentals of the copper market, stating, "the fundamentals of copper, in my view, as we look forward, have not been this strong in some time." They noted a lack of new resource discove...
- Leaching Technology Initiatives — Freeport is advancing its leaching project, targeting a production increase from 200 million pounds to 800 million pounds over the next few years. Kathleen Quirk stated, "we think we have the opportunity for -- to go fro...
- Cost Management Challenges — Management acknowledged rising costs in the U.S. operations, citing inflationary pressures on energy and materials. They aim to reduce costs from $3.00 to $2.50 per pound but noted, "we've just now moved into some headwi...
- Grasberg Mine Recovery Progress — The Grasberg mine in Indonesia is recovering well after last year's incident, with production ramping up to 65% capacity expected in the second half of 2026. Quirk mentioned, "we expect to be at roughly 65% of capacity i...
Read the full Freeport-McMoRan Inc. transcript (September 16, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Freeport-McMoRan Inc.
Freeport-McMoRan Inc. (FCX) is a publicly listed company in the Metals and Mining industry, within the Materials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 54 calls on record spanning January 23, 2020 to September 16, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 54 Freeport-McMoRan Inc. earnings call transcripts on record, spanning January 23, 2020 to September 16, 2026. Based on this history, Freeport-McMoRan Inc. reports quarterly. The most recent call on file is dated September 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FCX
- Exchange
- NYSE
- Country
- US
- Sector
- Materials
- Industry
- Metals and Mining
- Calls on record
- 54
- First call
- January 23, 2020
- Most recent
- September 16, 2026
- Reporting cadence
- quarterly