Freeport-McMoRan Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting third-quarter net income attributable to common stockholders of $1.174 billion.

Key Highlights

  • Q3 2026 revenues: $7.546 billion, compared with $6.972 billion in Q3 2025, according to the filing.
  • Q3 2026 net income attributable to common stockholders: $1.174 billion, or $0.81 per diluted share, versus $674 million, or $0.46 per diluted share, in Q3 2025.
  • Nine-month 2026 revenues: $20.809 billion, with net income attributable to common stockholders of $3.039 billion, or $2.10 per diluted share.
  • Insurance settlement gain: A $699 million gain on the PTFI mud rush incident insurance settlement was recorded in the nine months ended September 30, 2026, with no comparable amount in the prior-year period.
  • Total assets: $61.479 billion as of September 30, 2026, up from $58.167 billion at December 31, 2025.
  • Cash and cash equivalents: $4.335 billion at September 30, 2026, compared with $3.824 billion at December 31, 2025.
  • Shares outstanding: 1,434,936,034 shares of common stock as of October 31, 2026.

Freeport-McMoRan Q3 2026 Financial Results and Balance Sheet Position

Freeport-McMoRan Inc. (NYSE:FCX) reported third-quarter 2026 revenues of $7.546 billion and operating income of $2.353 billion, according to the filing. Total cost of sales for the quarter was $4.999 billion, comprising $4.479 billion in production and delivery costs and $520 million in depreciation, depletion, and amortization. Net income for the quarter was $1.688 billion in total, of which $514 million was attributable to noncontrolling interests, leaving $1.174 billion attributable to common stockholders.

For the nine months ended September 30, 2026, the company disclosed total revenues of $20.809 billion and operating income of $6.493 billion. A notable item in the year-to-date results was a $699 million gain on the PT Freeport Indonesia mud rush incident insurance settlement, recorded as a separate line item in costs and expenses. The provision for income taxes for the nine-month period was $1.807 billion. Net cash provided by operating activities was $5.524 billion for the nine months ended September 30, 2026, compared with $4.917 billion for the same period in 2025.

On the balance sheet, total assets stood at $61.479 billion as of September 30, 2026, up from $58.167 billion at December 31, 2025. Long-term debt, less current portion, decreased to $7.718 billion from $8.913 billion over the same period, while the current portion of debt rose to $1.680 billion from $466 million. Total stockholders' equity increased to $20.981 billion from $18.899 billion. The company reported treasury stock purchases of $305 million and common stock dividends paid of $650 million for the nine months ended September 30, 2026. Dividends declared per share of common stock were $0.15 for Q3 2026 and $0.45 for the nine-month period.

What Was Disclosed

Freeport-McMoRan filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing income statements, a consolidated balance sheet, cash flow data, and equity statements, including a $699 million PTFI mud rush insurance settlement gain recognized in the nine-month period.