Freeport-McMoRan said net income attributable to common stockholders totaled $674 million in Q3 2025 and $1.8 billion for the first 9 months of 2025, compared with $526 million and $1.6 billion, respectively, for the same periods in 2024.

1. 01

   Freeport-McMoRan said net income attributable to common stockholders totaled $674 million in Q3 2025 and $1.8 billion for the first 9 months of 2025, compared with $526 million and $1.6 billion, respectively, for the same periods in 2024.

2. 02

   The company said a mud rush incident occurred on September 8, 2025 in the Grasberg minerals district, resulting in 7 fatalities. It said Big Gossan and the Deep Mill Level Zone underground mines restarted in late October 2025, and a phased restart and ramp-up of the Grasberg Block Cave underground mine is anticipated to begin during 2026.

3. 03

   Freeport-McMoRan said PTFI recorded charges totaling $195 million associated with the mud rush incident in Q3 2025, including $152 million for idle facility costs and $43 million related to recovery efforts. The company said insurance covers up to $1.0 billion in losses after a $0.5 billion deductible, subject to a limit of $0.7 billion on underground incidents.

4. 04

   As of September 30, 2025, Freeport-McMoRan said consolidated debt totaled $9.3 billion and consolidated cash and cash equivalents totaled $4.3 billion, with net debt of $1.75 billion excluding $3.2 billion of debt for PTFI's downstream processing facilities. The company estimated consolidated operating cash flows for 2025 to approximate $5.5 billion, net of $0.7 billion of working capital and other uses.

Key figures

Quarter ended September 30, 2025

Revenue

$6.8B

Operating income

$2.0B

Net income

$1.2B

EPS

$0.46

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.