Short answer
Freeport-McMoRan (FCX) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $6.3B (up 12.2% year over year) with net income of $881M.
Q1 2026 key financials · XBRL
- Revenue
- $6.3B
- +12.2% YoY
- Net income
- $881M
- +150.3% YoY
- Operating margin
- 34.2%
- EPS (diluted)
- $0.61
- +154.2% YoY
Source: XBRL data from the Freeport-McMoRan (FCX) Q1 2026 10-Q on SEC EDGAR. USD.
Freeport-McMoRan Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.234B vs $5.728B YoY, up $506M, driven by higher metal prices and Atlantic Copper revenue
- Operating margin 34.3% vs 22.7% YoY, based on operating income of $2.137B vs $1.303B
- Indonesia worst performer: copper sales 184M pounds vs 434M YoY after Mud Rush Incident
- Operating cash flow $1.495B vs $1.058B YoY; capital expenditures $973M vs $1.172B
- 2026 copper sales guidance cut to 3.078B pounds from 3.4B pounds; energy and consumables costs elevated by Middle East conflict
Risk Factors
- New regulatory risk: PT Smelting FCPA investigation remains unresolved despite SEC declining enforcement on March 17, 2026
- Legal exposure: Noncompliance findings could trigger fines, penalties, and equitable remedies
- Geopolitical and regulatory risk: Evolving country-specific laws affect international mining operations
- Operational risk: Mine-safety incidents could impair workforce well-being and operational efficiency
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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