secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0000831259-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freeport-McMoRan Q1 net income $1.5B, $1.04 EPS; copper sales up 24% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000083125922000023/0000831259-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000083125922000023/fcx-20220421.htm
  HTML page:      https://secwatch.observer/filing/0000831259-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer