earnings
confidence high
sentiment positive
materiality 0.80
Freeport-McMoRan Q1 net income $1.5B, $1.04 EPS; copper sales up 24% YoY
FREEPORT-MCMORAN INC
2022-Q1 EPS reported
$1.04
revenue$6,603,000,000
- Net income attributable to common stock $1.5B ($1.04/share); adjusted net income $1.6B ($1.07/share).
- Revenue $6.6B, up from $4.85B in Q1 2021; operating income $2.8B.
- Copper sales 1.0B lbs (+24% YoY); gold 409K oz (+59% YoY); avg copper price $4.66/lb.
- Operating cash flow $1.7B; capex $723M; share repurchases of $631M in 2022.
- PT-FI completed $3.0B senior notes offering for Indonesia smelter projects; net debt $1.3B.