In the third quarter of 2025, Freeport-McMoRan's (NYSE:FCX) revenues increased to approximately US$6.97 billion, a modest rise from about US$6.79 billion a year prior. The company reported net income attributable to common stock of around US$674 million — equating to US$0.46 per share — an increase from US$0.36 in Q3 2024.
In the third quarter of 2025, Freeport-McMoRan's (NYSE:FCX) revenues increased to approximately US$6.97 billion, a modest rise from about US$6.79 billion a year prior. The company reported net income attributable to common stock of around US$674 million — equating to US$0.46 per share — an increase from US$0.36 in Q3 2024.
Freeport-McMoRan remains a "Buy," supported by clarity on Grasberg operations and surging copper prices. Q3 results beat expectations on EPS and revenue, but copper and gold production missed guidance due to the Grasberg outage. 2025 guidance was cut following the Grasberg mud rush, but a phased restart is underway; 2026 earnings and free cash flow outlooks are strong.
Freeport-McMoRan (FCX) reached $42.98 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.
Freeport and Southern Copper face copper price swings, but both push ahead with major projects leveraging strong cash flows.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
FCX faces a sharp Q4 volume decline as the Grasberg suspension cuts copper and gold sales, despite higher realized prices.
FCX slips below its 200-day SMA as rising unit costs and sharply lower copper and gold volume guidance cloud prospects.
Freeport-McMoRan Inc. ( FCX ) Discusses Investigation and Response to Grasberg Block Cave Incident and Operational Outlook November 18, 2025 10:00 AM EST Company Participants David Joint - Vice President of Investor Relations Richard Adkerson Kathleen Quirk - CEO, President & Director Mark Johnson - President & COO of Freeport-McMoRan Indonesia Cory Stevens - President of Freeport McMoRan Mining Services Conference Call Participants Bob Brackett - Sanford C. Bernstein & Co., LLC.
Freeport-McMoRan (FCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
FCX's stock prices remain notably disconnected against the rising commodity prices, despite the potential accretion on its top/ bottom-line performance metrics. Part of the headwinds may be attributed to the mud rush incident at the Grasberg Block Cave mine in Indonesia, with it jeopardizing its production volumes in the mean time. FQ4'25/ FQ1'26 may bring forth FCX's rather underwhelming performance, pending the full ramp up of its mining/ smelting operations in Grasberg.
Freeport-McMoRan faces production setbacks after the Grasberg mine accident, prompting a revised fair value of $42 and a Hold rating. Despite strong Q3 results driven by high copper and gold prices, FCX's future earnings are clouded by operational uncertainty and reduced 2025 guidance. Management expects a phased recovery, with Grasberg Block Cave resuming in 2026 and mitigation efforts underway to offset lost production.