Freeport-McMoRan (FCX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Viewpoint - Freeport-McMoRan reported a revenue increase of 2.7% year-over-year for Q3 2025, exceeding analyst expectations, with significant EPS growth [1] Financial Performance - Revenue for the quarter was $6.97 billion, surpassing the Zacks Consensus Estimate of $6.54 billion by 6.53% [1] - Earnings per share (EPS) was $0.50, up from $0.38 in the same quarter last year, representing a surprise of 21.95% against the consensus estimate of $0.41 [1] Key Metrics - Average realized price per pound of Copper was $4.68, exceeding the estimate of $4.54 [4] - Average realized price per ounce of Gold was $3,539.00, compared to the estimate of $3,382.83 [4] - Total Net Cash Cost Per Pound of Copper was $1.40, lower than the estimate of $1.72 [4] - Gold sales on a consolidated basis were 336.00 Koz, above the estimate of 310.17 Koz [4] Revenue Breakdown - Revenues from Indonesia were $2.68 billion, exceeding the estimate of $2.57 billion, but down 10.3% year-over-year [4] - Revenues from Molybdenum were $177 million, up 34.1% year-over-year, but below the estimate of $236.95 million [4] - Revenues from South America copper mines were $1.41 billion, exceeding the estimate of $1.24 billion, with a year-over-year increase of 7.5% [4] - Revenues from North America copper mines were $1.94 billion, surpassing the estimate of $1.73 billion, reflecting a year-over-year increase of 21.9% [4] - Revenues from Rod & Refining were $1.79 billion, above the estimate of $1.7 billion, with a year-over-year increase of 13.7% [4] - Revenues from Atlantic Copper Smelting & Refining were $774 million, slightly below the estimate of $794.06 million, with a year-over-year change of 1.2% [4] - Corporate, other & eliminations reported revenues of -$1.79 billion, worse than the estimate of -$1.54 billion, with a year-over-year change of 14.5% [4] Stock Performance - Freeport-McMoRan shares returned +8.3% over the past month, outperforming the Zacks S&P 500 composite's +0.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]