secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000831259-25-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freeport Q1 net income $352M ($0.24/sh); gold sales miss at 128K oz vs guidance 225K oz
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- Revenue $5.7B, down 9% YoY from $6.3B; net income $352M vs $473M a year ago.
- Consolidated copper sales 872M lbs, exceeding Jan 2025 guidance of 850M lbs.
- Gold sales 128K oz, well below Jan guidance of 225K oz; annual gold outlook unchanged at 1.6M oz.
- Unit net cash costs $2.07/lb copper, up from $1.51 YoY; full-year cost guidance maintained at $1.50/lb.
- Share repurchases: 2.3M shares for $80M in Q1; $5.0B program remains active.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000083125925000014/0000831259-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000083125925000014/fcx-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000831259-25-000014

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