Mining stocks can be complex investments. But the structural case for Freeport-McMoRan Inc. NYSE: FCX heading into earnings was straightforward.
Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
FCX tops Q1 estimates as profits surge 150% and revenues beat forecasts, while higher copper, gold and molybdenum prices offset weaker volumes.
Freeport-McMoRan Inc (NYSE:FCX, XETRA:FPMB) shares fell on Thursday after the US copper miner reported quarterly results that beat profit expectations but flagged weaker production and a slower-than-expected recovery at its key Indonesian mine. The company reported first-quarter adjusted earnings per share of $0.57, above analyst expectations of $0.47, while revenue rose to $6.23 billion compared with estimates of $5.96 billion.
Although the revenue and EPS for Freeport-McMoRan (FCX) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.24 per share a year ago.
Freeport-McMoRan cut its 2026 copper and gold forecasts after disruptions at its Grasberg mine, overshadowing a first-quarter earnings beat.
Freeport and BHP Group capitalize on favorable copper prices, both pushing ahead with growth projects leveraging strong financial health.
In the latest trading session, Freeport-McMoRan (FCX) closed at $70.21, marking a +2.83% move from the previous day.
Freeport-McMoRan (FCX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Freeport-McMoRan (FCX) closed at $66.45, indicating a +2.07% shift from the previous trading day.
Freeport-McMoRan (FCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.