Feed / FCX

Freeport-McMoRan Inc.

FCX

Basic Materials · 71.12 -0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Freeport-McMoRan Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.1% todayVolume comparison unavailable
Market group0 of 5 activeCopper Miners · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • PTFI’s unit net cash credits were $3.53 per pound of copper in Q1 2026 versus net cash costs of $0.64 per pound in Q1 2025, driven primarily by higher by-product credits.

Invalidation: The isolated read changes if FCX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Basic Materials · Copper

No new filing conclusion is available. 0 of 5 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • PTFI’s unit net cash credits were $3.53 per pound of copper in Q1 2026 versus net cash costs of $0.64 per pound in Q1 2025, driven primarily by higher by-product credits.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements96
Verified relationships4
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Operating margin changed -1.4 percentage points in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

71.12
6m+20.1%12m+58.5%24m+77.8%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$22.4B+61.4%$2.90+1.4%
2022-12-31$23.3B+3.8%-2.1%
2023-12-31$22.7B-2.4%-0.6%
2024-12-31$25.2B+10.9%+0.1%
2025-12-31$25.2B+0.1%-0.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 2 filings
CONSOLIDATED RESULTS Three Months Ended March 31, 2026 2025 SUMMARY FINANCIAL DATA (in millions, except per share amounts) Revenues a,b $ 6,234 $ 5,728 Operating income a,c $ 2,137 $ 1,303 Net income attributable to common stock b,c $ 881 d $ 352 Diluted net…
10-Q · May 8, 2026
Tariffs and trade policymixed · 2 filings
Tariffs Our third-quarter 2025 costs were not significantly impacted by U.S.
10-Q · Nov 6, 2025
Demand and volumepositive · 1 filings
PTFI’s unit net cash credits (including by-product credits) of $3.53 per pound of copper in first-quarter 2026 were favorable compared to unit net cash costs (net of by-product credits) of $0.64 per pound of copper in first-quarter 2025, primarily reflecting…
10-Q · May 8, 2026
Foreign exchangemixed · 1 filings
dits) for South America operations of $2.38 per pound of copper in first-quarter 2026 were lower than first-quarter 2025 average unit net cash costs of $2.40 per pound of copper, primarily reflecting higher by-product credits and lower treatment charges, most…
10-Q · May 8, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

71.12-0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FCX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for FCX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind FCX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MIMTFFiling-linked namepartnerMay 8, 2026

In 1996, PTFI entered into a joint venture and shareholder agreement with Mitsubishi Materials Corporation (MMC) to jointly construct the PT Smelting facilities.

RTNTFFiling-linked namepartnerFeb 13, 2026

Pursuant to the divestment agreement and related documents, PT Mineral Industri Indonesia (MIND ID), an Indonesia state-owned enterprise, acquired all of Rio Tinto plc’s (Rio Tinto) interests associated with its joint venture with PTFI (the former Rio Tinto J…

CDPMFFiling-linked nameinvesteeFeb 13, 2026

At December 31, 2025, Cerro Verde had no borrowings outstanding under its $ 350 million senior unsecured revolving credit facility that matures in May 2027.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FCX is currently a Early Follower in the organic co-movement group Copper Miners. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.