Short answer

Freeport-McMoRan (FCX) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.8B (up 2.1% year over year) with net income of $674M.

Q3 2025 key financials · XBRL

Revenue: $6.8B; +2.1% YoY · −9.4% QoQ
Net income: $674M; +28.1% YoY · −12.7% QoQ
Operating margin: 28.9%
EPS (diluted): $0.47; +30.6% YoY · −11.3% QoQ

Source: XBRL data from the Freeport-McMoRan (FCX) Q3 2025 10-Q on SEC EDGAR. USD.

Freeport-McMoRan Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Q3 2025 revenue $7.0B, up $0.18B YoY from $6.8B in Q3 2024; first 9 months 2025 revenue $20.3B vs $19.7B YoY
Operating income Q3 2025 $2.0B (28.3% margin) vs $1.9B (28.5% margin) Q3 2024; 9M operating income $5.7B vs $5.6B YoY
Best segment: U.S. copper mines gross profit/pound $1.23 Q3 2025 vs $0.57 Q3 2024; worst: Indonesia unit net cash credits $-0.92/lb Q3 2025 vs $-0.71/lb Q3 2024
Cash and equivalents $4.3B at 9/30/25, down from $5.0B at 9/30/24; operating cash flow $1.66B Q3 2025 vs $1.87B Q3 2024; capital expenditures $1.06B Q3 2025 vs $1.20B
Management lowers 2025 sales volume guidance for Indonesia due to September mud rush incident; projects consolidated 2025 copper sales 3.5B lbs, unit net cash cost $1.68/lb; expects 2025 operating cash flows ~$5.5B and capital expenditures $4.5B

Risk Factors

No material changes to risk factors compared to 2024 Form 10-K
Continued exposure to commodity price volatility impacting revenue and profitability
Ongoing operational risks including mine safety and production disruptions
Legal and regulatory compliance risks related to environmental regulations and permits
Financial risks from debt maturities and liquidity management remain consistent

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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