Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

Mining exploration and research expenses

Environmental obligations and shutdown costs

Net gain on sales of assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Freeport-McMoRan

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining, Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining and Corporate, Other and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Baghdad, Safford, Sierrita, and Miami in Arizona and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produce copper concentrate containing significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other and Eliminations segment consists of other mining and eliminations, oil and gas operations and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987, and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Freeport-McMoRan reports robust Q4 results, eyes strategic growth opportunities

Freeport-McMoRan's Q4 2022 earnings call showcased strong performance, growth, and strategic initiatives.
The company's focus on long-term sustainability, positive outlook on copper, and prudent financial management were highlighted.
Challenges in labor, market conditions, and geopolitical landscapes were acknowledged and addressed.
Overall, Freeport-McMoRan remains optimistic about its future growth and operational efficiency.

Freeport-McMoRan faces challenges but highlights growth opportunities in Q1

Freeport-McMoRan navigated challenges in Q1 while maintaining a positive outlook for copper and emphasizing operational efficiency.
The company's focus on shareholder value, leach initiatives, and strategic positioning for growth were key highlights of the call.
Despite uncertainties and challenges, Freeport's strong balance sheet and cash flow outlook provide a solid foundation for future growth and value creation.

Freeport-McMoRan (FCX) excels in Q2 amidst market growth and operational achievements

Freeport-McMoRan (FCX) reported strong Q2 performance driven by operational excellence and favorable market conditions. Despite challenges like potential disruptions and regulatory uncertainties, the company remains focused on capitalizing on growth opportunities and extending production beyond 2041.

Freeport-McMoRan excels in Q3 with strong copper production and growth initiatives

Freeport-McMoRan's Q3 performance was strong, driven by solid copper production and cost management. Despite challenges like rising costs and geopolitical uncertainties, the company is focused on growth initiatives and financial stability. Opportunities in expanding projects and transitioning to sustainable practices position Freeport for future success.

Freeport-McMoRan excels in Q4 amidst copper demand surge

Freeport-McMoRan's Q4 earnings call highlighted strong performance, market dynamics, and strategic initiatives amidst industry challenges. The company's focus on sustainable production, cost management, and growth opportunities positions it well for future success.

Freeport-McMoRan (FCX) reports strong Q1 results amidst copper market opportunities

Freeport-McMoRan's Q1 2024 performance reflects strength in market conditions, operational successes, and prudent financial management.
Despite challenges like cost overruns and political uncertainties, the company is well-positioned to capitalize on growth opportunities.
Strategic strengths in copper markets, innovation, and operational efficiency support Freeport-McMoRan's positive outlook.
The company's focus on organic growth, technology advantages, and strong relations in key regions underpin its future prospects.

Freeport-McMoRan reports strong Q2 results amidst copper market volatility

Freeport-McMoRan's Q2 2024 performance reflects resilience amidst market challenges. Strategic projects and focus on cost-effective production position the company for long-term success in the evolving copper market landscape.

Freeport-McMoRan reports strong Q3 results, eyes growth opportunities

Overall, Freeport-McMoRan's Q3 performance was robust, driven by strong sales volumes and cost efficiencies. The company's strategic initiatives in organic growth and leach technologies are enhancing value. While facing challenges in capital expenditures and cost reduction, Freeport-McMoRan is well-positioned to capitalize on growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining, Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining, and Corporate and Other. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita, Miami in Arizona and Chino, and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of the Grasberg minerals district that produce copper concentrate containing significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, and rod mills. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate and Other segment offers other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Freeport-McMoRan now trades below a market cap of $45 billion despite delivering $12 billion in adjusted EBITDA over the last year. The copper miner is set to ride the wave of higher copper demand from China.

Freeport-McMoRan: China Will Roar Back

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Long-term copper trends suggest significant demand due to its use in EVs, solar panels, and other items needed for the green energy transition.

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We do not expect the copper price to fall below $6500/ton with the onset of recession. The main reason is the current raw material price (~$7300/ton) removing ~30% of the potential copper supply from the market. We expect the current decline of copper price to catch up quickly by the end of 2023 due to future shortage, as it happened between 2008 and 2010.

Freeport-McMoRan And Copper: Already In The Recession Phase

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Freeport McMoran Inc recently reported its earnings with mixed results. Investors may be interested to see how this company's performance compares to its peers.

How Does Freeport McMoran Inc Compare to Its Sector Competitors?

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Why Shares in Freeport-McMoRan Fell Today

Freeport-McMoRan reported a Q2 card that showed the effects of the near-term volatility in copper pricing. However, FCX maintained its July lows and continued its robust recovery. We believe that the market has priced in a recession since FCX's topping signals in March 2022. Therefore, the recent economic data suggesting a technical recession didn't batter Freeport.

Freeport-McMoRan: Don't Fear, July's Bottom Is Robust (Technical Analysis)

On a risk/reward basis, the copper miner is looking like a highly attractive stock to buy.

Freeport-McMoRan Is a Great Buy for Value Investors

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Freeport McMoran Inc (NYSE: FCX)  is an American mining company based out of Pheonix, Arizona.  The company's stock rose slightly despite weaker than expected results.

Falling Copper Prices Weigh On Freeport McMoran's Earnings, But Long Term Fundamentals Intact

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Freeport-McMoRan Inc. (NYSE:FCX ) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET Company Participants Kathleen Quirk - President Richard Adkerson - Chairman & CEO Maree Robertson - Chief Financial Officer Mark Johnson - Chief Operating Officer of Indonesia Josh Olmsted - Chief Operating Officer for the Americas Mike Kendrick - President, Climax Molybdenum Co. Cory Stevens - President, Freeport-McMoRan Mining Services Rick Coleman - President, Freeport-McMoRan Growth Support Conference Call Participants Emily Chieng - Goldman Sachs Chris LaFemina - Jefferies David Gagliano - BMO Capital Markets Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley Michael Dudas - Vertical Research Partners Timna Tanners - Wolfe Research Abhinandan Agarwal - Deutsche Bank John Tumazos - John Tumazos Very Independent Research LLC Jatinder Goel - BNP Paribas Exane Operator Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Second Quarter Conference Call.

Freeport-McMoRan Inc. (FCX) CEO Richard Adkerson on Q2 2022 Results - Earnings Call Transcript

Freeport's (FCX) Q2 earnings are impacted by lower realized prices for copper.

Freeport's (FCX) Earnings and Sales Miss Estimates in Q2

(Kitco News) - Freeport-McMoRan (NYSE: FCX), the world's second largest copper miner, announced today that the company produced 1,075 million pounds of copper in Q2 2022, up 18% compared to Q2 2021 (913 million pounds).

News for Freeport-McMoRan Stock (FCX)