Freeport-McMoRan Q3: Grasberg Is Coming Back, But The Price Got There First (Rating Downgrade)

Freeport-McMoRan's Q3 earnings rose 74% as realized copper climbed 40% to $6.54 a pound, offsetting copper sales 23% lower than a year ago. Grasberg reached 67% of capacity, and production has recovered three quarters in a row, but 2026 copper guidance was cut a third time to 3.0 billion pounds. US costs and 2027 capex keep rising, and the 2027 capex excludes the roughly $4.5 billion Bagdad expansion.

Seeking Alpha • 17 hours ago

FCX Q3 Earnings Call Highlights Grasberg Recovery and Growth Plans

Freeport-McMoRan targets copper sales exceeding 4 billion pounds by 2028 as Grasberg recovery, leaching innovations and expansion plans drive growth.

Zacks Investment Research • Oct 28, 2026

Freeport beats Q3 earnings expectations despite rising costs and sharp drop in gold sales

The earnings bonanza in the mining sector continues as one of the world's largest copper and gold producers reported better-than-expected third-quarter earnings, with higher metal prices offsetting rising production costs and a sharp decline in gold sales.

Kitco • Oct 27, 2026

What Freeport-McMoRan (FCX) Said on Its Q3 Earnings Call

Freeport-McMoRan NYSE: FCX said its third-quarter performance benefited from higher copper sales, favorable metals pricing and continued progress in restoring production at its Grasberg operations in Indonesia, while operating challenges in the U.S. and Chile prompted a modest reduction in its 2026 copper-sales outlook.

MarketBeat • Oct 27, 2026

Freeport-McMoRan Inc. (FCX) Q3 2026 Earnings Call Transcript

Freeport-McMoRan Inc. (FCX) Q3 2026 Earnings Call Transcript

Seeking Alpha • Oct 27, 2026

Freeport Third-Quarter and Nine-Month 2026 Financial and Operating Results Release Available on Its Website

PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) today announced that it has posted its third-quarter and nine-month 2026 financial and operating results press release on the Investor Relations page of its website at https://investors.fcx.com/investors/news-releases. As previously indicated on its website, FCX will host a conference call today with securities analysts at 10:00 a.m. Eastern Time to discuss quarterly and nine-month results. The conference call will be webcast on the Internet along.

Business Wire • Oct 27, 2026

Freeport-McMoRan (FCX) Q3 Earnings and Revenues Surpass Estimates

Freeport-McMoRan (FCX) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.5 per share a year ago.

Zacks Investment Research • Oct 27, 2026

Compared to Estimates, Freeport-McMoRan (FCX) Q3 Earnings: A Look at Key Metrics

The headline numbers for Freeport-McMoRan (FCX) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks Investment Research • Oct 27, 2026

FCX Q3 Earnings Beat Estimates on Strong Copper Pricing

Freeport-McMoRan's Q3 2026 earnings beat estimates as higher copper and molybdenum prices offset weaker sales volumes.

Zacks Investment Research • Oct 27, 2026

Q3 Peak Season Arrives: Strong Beats, Sky-High AI Scrutiny

This marks the first peak week of Q3 earnings season, with 1,885 companies expected to report and overall S&P 500 EPS growth holding at a robust 29.5%. Meta's AI capex-driven selloff set a new bar for hyperscalers — investors are no longer giving tech giants a blank check for AI infrastructure spend as Microsoft, Alphabet, and Amazon report this week, with Apple following next Monday. Seven S&P 500 companies confirmed outlier earnings dates this week, with Baker Hughes, Freeport-McMoRan, Avery Dennison, and General Dynamics reporting later than their historical norm.

Seeking Alpha • Oct 26, 2026