Freeport-McMoRan Inc.'s results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-27. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $7,546 million (+8.2% vs a year earlier) |
| Diluted EPS (GAAP) | $0.81 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $0.88 |
| Full-year guidance | Stated (no change given) |
Guidance
Expects 2026 sales of ~3.0B lbs copper and 649K oz gold, unit net cash costs ~$1.90/lb, operating cash flow ~$8.5B, capex ~$4.4B.
Why this label: FY2026 sales volumes, unit costs, cash flow and capex given with no prior or direction; no revenue/EPS guide; not called initial guidance.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| copper sales volume | FY2026 | ~3.0 billion lbs | not stated |
| gold sales volume | FY2026 | ~649 thousand oz | not stated |
| molybdenum sales volume | FY2026 | ~93 million lbs | not stated |
| unit net cash costs | FY2026 | ~$1.90 per lb of copper | not stated |
| operating cash flows | FY2026 | ~$8.5 billion (assumes Q4 copper $6.50/lb, gold $4,000/oz, moly $32/lb) | not stated |
| capital expenditures | FY2026 | ~$4.4 billion (incl. $3.0 billion major mining projects) | not stated |
| consolidated effective tax rate | FY2026 | ~30% | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| sales volumes (copper / gold / molybdenum) | Q4 2026 | 875 million lbs / 300 thousand oz / 22 million lbs |
| unit net cash costs | Q4 2026 | $1.68 per lb of copper |
From the release
Revenue: "Revenues a,b · $ · 7,546 · $ · 6,972"
Earnings per share: "Net income attributable to common stock in third-quarter 2026 totaled $1.2 billion, $0.81 per share, and adjusted net income attributable to common stock totaled $1.3 billion, $0.88 per share."
copper sales volume: "Consolidated sales are expected to approximate 3.0 billion pounds of copper, 649 thousand ounces of gold and 93 million pounds of molybdenum for the year 2026"
gold sales volume: "Consolidated sales are expected to approximate 3.0 billion pounds of copper, 649 thousand ounces of gold and 93 million pounds of molybdenum for the year 2026"
molybdenum sales volume: "Consolidated sales are expected to approximate 3.0 billion pounds of copper, 649 thousand ounces of gold and 93 million pounds of molybdenum for the year 2026"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Q3 adjusted EPS rose to $0.88 from $0.50 on $6.54/lb realized copper.
Source
Freeport-McMoRan Inc. earnings release (SEC filing), accession 0000831259-26-000045, filed 2026-10-27.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.