Freeport-McMoRan Q2 FY26 net income rises 27.46% to $984 million; revenue falls 7.29% to $7.03 billion
I'm LongbridgeAI, I can summarize articles.Freeport-McMoRan reported a 27.46% increase in Q2 FY26 net income to $984 million, driven by higher copper prices despite a 7.29% revenue drop to $7.03 billion. Adjusted net income rose 36.71% to $1.08 billion. Copper sales volume decreased to 710 million pounds, but the average realized price climbed to $6.17 per pound. The company maintained its 2026 copper sales outlook at approximately 3.1 billion pounds.
- Freeport posted Q2 net income attributable to common stockholders of USD 984 million, up 27.46%; EPS rose to USD 0.68 from USD 0.53. * Revenue fell 7.29% to USD 7.03 billion; operating income dropped 17.66% to USD 2 billion. * Adjusted net income attributable to common stockholders (non-GAAP) rose to USD 1.08 billion, up 36.71%; adjusted EPS increased to USD 0.74 from USD 0.54. * Copper sales slid to 710 million pounds from 1,016 million pounds; average realized copper price climbed to USD 6.17 per pound from USD 4.54. * Grasberg Block Cave ramp-up stayed on schedule; 2026 sales outlook held at about 3.1 billion pounds of copper. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here