Highest-materiality recent filing
Freeport Q1 net income $881M ($0.61 EPS); lowers 2026 copper sales guidance due to Grasberg delay
Net income $881M ($0.61 diluted EPS); adjusted net income $830M ($0.57). Revenue $6.23B, up 9% YoY.
FCX secures Grasberg life-of-mine extension with Indonesia; retains control
MOU grants extension of operating rights for life-of-mine resources, evaluated every 10 years under current IUPK framework.
Freeport-McMoRan signs MOU with Indonesia for life-of-resource extension at Grasberg
PTFI's IUPK amended for life-of-resource extension; FCX retains 48.76% through 2041, then ~37% from 2042.
Freeport: Grasberg Block Cave restart begins Q2 2026; 2026 production ~1B lbs Cu, 0.9M oz Au
Phased restart of Grasberg Block Cave underground mine begins in Q2 2026; remediation underway.
Freeport locates 5 missing workers deceased at Grasberg; 7 total fatalities from mud rush
PTFI found the five missing team members deceased on October 5, 2025; total seven fatalities from September 8 mud rush.
Freeport reports fatal incident; Q4 copper sales insignificant, 2026 output ~35% below plan
Two PTFI team members found dead from Sept 8 mud rush at Grasberg Block Cave; five still missing.
Freeport's Grasberg mine suspended after mud flow; 7 contractors missing
Mud flow on September 8 blocked access to seven PTFI contractors in Grasberg Block Cave service level.
Freeport Q1 net income $352M ($0.24/sh); gold sales miss at 128K oz vs guidance 225K oz
Revenue $5.7B, down 9% YoY from $6.3B; net income $352M vs $473M a year ago.
Freeport Q1 gold sales 100k oz below Jan guidance; PTFI resumes exports; costs up 5%
Q1 copper sales in-line with 850M lbs guidance; gold sales ~100k oz below 225k oz guidance.
Freeport commences Indonesian smelter commissioning; Q2 copper sales ~900M lbs
Commissioning of new Indonesian smelter began; facility will process concentrate into copper cathode.
Kathleen Quirk becomes CEO of Freeport-McMoRan; stockholder meeting results
Kathleen L. Quirk assumed CEO role effective June 11, succeeding Richard Adkerson who remains Chairman (previously announced Feb 2024).
Freeport Q1 net inc $473M, copper sales beat; CEO Quirk succeeds Adkerson June 11
Net income $473M ($0.32 diluted); adjusted EPS also $0.32; revenue $6.32B, up 17% YoY.
Freeport-McMoRan appoints Kathleen Quirk as CEO, Adkerson remains Chairman
Kathleen Quirk to become President and CEO effective June 11, 2024; Richard Adkerson remains Chairman.
Freeport-McMoRan reports cybersecurity incident, assessing impact on systems
Cybersecurity incident detected August 11, 2023; investigation ongoing with third-party experts and law enforcement.
Freeport-McMoRan reports Q2 2023 results; specific figures not available in provided text
Press release dated July 20, 2023, announcing Q2 and six-month 2023 results was issued.
Freeport-McMoRan Q1 net income $663M ($0.46/share), down 57% YoY; weather-hit sales
Revenue $5.4B, down 18% from $6.6B YoY; operating income $1.6B vs $2.8B.
Freeport-McMoRan's Grasberg operations disrupted by rainfall, Q1 sales expected below guidance
PT-FI Grasberg milling complex damaged by flooding and debris from Feb 11 intense rains; personnel safely evacuated.
Freeport-McMoRan Q1 net income $1.5B, $1.04 EPS; copper sales up 24% YoY
Net income attributable to common stock $1.5B ($1.04/share); adjusted net income $1.6B ($1.07/share).
PT Freeport Indonesia closes $3.0B senior notes offering in three tranches
$750M 4.763% notes due 2027, $1.5B 5.315% notes due 2032, $750M 6.200% notes due 2052.
On February 6, 2024, Freeport-McMoRan Inc. (FCX) announced that Kathleen L. Quirk, FCX’s President, will assume the additional role of Chief Executive Officer (CEO) effective as of FCX’s 2024 annual meeting of stockholders on June 11, 2024
appointed Kathleen L. Quirk, FCX’s President, to serve as a director of FCX, effective immediately.
C. Donald “Don” Whitmire, Jr. as Vice President and Controller. Following a 33-year career with FCX, Don Whitmire (age 65) has elected to retire effective June 30, 2022.
Ellie Mikes is expected to be appointed Vice President and Chief Accounting Officer upon Mr. Whitmire's retirement.
On December 9, 2021, the Board of Directors (the “Board”) of Freeport-McMoRan Inc. (“FCX”) increased the size of the Board and appointed Hugh Grant to serve as a director of FCX, effective immediately.
On August 2, 2021, the Board of Directors (the Board) of Freeport-McMoRan Inc. (FCX) increased the size of the Board from seven to nine directors and appointed each of Marcela E. Donadio and Sara Grootwassink Lewis to serve as a director of FCX, effective immediately.
On August 2, 2021, the Board of Directors (the Board) of Freeport-McMoRan Inc. (FCX) increased the size of the Board from seven to nine directors and appointed each of Marcela E. Donadio and Sara Grootwassink Lewis to serve as a director of FCX, effective immediately.
Max materiality 0.90 · Median 0.50 · Most common event earnings