---
schema_version: "secwatch.filing_event.v1"
accession: "0000831259-24-000013"
form_type: "8-K"
ticker: "FCX"
cik: "0000831259"
company_name: "FREEPORT-MCMORAN INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:07:34.172890+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freeport Q1 net inc $473M, copper sales beat; CEO Quirk succeeds Adkerson June 11

## Summary
- Net income $473M ($0.32 diluted); adjusted EPS also $0.32; revenue $6.32B, up 17% YoY.
- Copper sales 1.1B lbs (+33% YoY), exceeded Jan estimate; gold 568k oz, more than double YoY.
- Unit net cash cost $1.51/lb, down from $1.76; operating cash flow $1.9B.
- FY2024 copper sales guidance 4.15B lbs; Q2 estimate 1.0B lbs copper, 500k oz gold.
- CEO transition: Kathleen Quirk becomes CEO effective June 11; Adkerson remains Chairman.

## SEC filing metadata
- accession: 0000831259-24-000013
- form_type: 8-K
- ticker: FCX
- cik: 0000831259
- company_name: FREEPORT-MCMORAN INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831259/000083125924000013/0000831259-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831259/000083125924000013/fcx-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000831259-24-000013
- JSON: https://secwatch.observer/filing/0000831259-24-000013.json
- Plain text: https://secwatch.observer/filing/0000831259-24-000013.txt

## Key facts
- Earnings Releases
  FREEPORT-MCMORAN INC reported first-quarter 2024 results: revenue $6,321, net income $473 million, EPS $0.32 per share.
  - Period: first-quarter 2024
  - Revenue: $6,321
  - Net income: $473 million
  - EPS: $0.32 per share
  - Result: reported results
  source text: SUMMARY FINANCIAL DATA Three Months Ended March 31, 2024 2023 (in millions, except per share amounts) Revenues a,b $ 6,321 $ 5,389 Operating income a $ 1,634 $ 1,601 Net income attributable to common stock c,d $ 473 $ 663 Diluted net income per share of common stock $ 0.32 $ 0.46
  evidence_url: https://www.sec.gov/Archives/edgar/data/831259/000083125924000013/0000831259-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.