---
schema_version: "secwatch.filing_event.v1"
accession: "0000831259-26-000021"
form_type: "8-K"
ticker: "FCX"
cik: "0000831259"
company_name: "FREEPORT-MCMORAN INC"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:44:42.891517+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freeport Q1 net income $881M ($0.61 EPS); lowers 2026 copper sales guidance due to Grasberg delay

## Summary
- Net income $881M ($0.61 diluted EPS); adjusted net income $830M ($0.57). Revenue $6.23B, up 9% YoY.
- Copper sales 657M lbs (below 872M YoY) due to PTFI mud rush; gold sales 121k oz beat 60k oz estimate.
- 2026 copper sales guidance cut to ~3.1B lbs from 3.4B lbs; Grasberg Block Cave ramp-up delayed.
- Average copper price $5.78/lb; unit net cash costs $1.91/lb, favorable vs $2.60 estimate.
- Signed MoU with Indonesia for life-of-resource extension at Grasberg; repurchased 1.7M shares ($93M).

## SEC filing metadata
- accession: 0000831259-26-000021
- form_type: 8-K
- ticker: FCX
- cik: 0000831259
- company_name: FREEPORT-MCMORAN INC
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831259/000083125926000021/0000831259-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831259/000083125926000021/fcx-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000831259-26-000021
- JSON: https://secwatch.observer/filing/0000831259-26-000021.json
- Plain text: https://secwatch.observer/filing/0000831259-26-000021.txt

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