Freeport-McMoRan (FCX) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Freeport-McMoRan reported $5.63 billion in revenue for Q4 2025, a year-over-year decline of 1.5%, but exceeded the Zacks Consensus Estimate of $5.18 billion by 8.84% [1] - The company achieved an EPS of $0.47, up from $0.31 a year ago, representing a surprise of 67.98% compared to the consensus estimate of $0.28 [1] Financial Performance Metrics - Gold sales on a consolidated basis reached 80.00 Koz, surpassing the average estimate of 55.09 Koz [4] - Total net cash cost per pound of copper was $2.22, lower than the estimated $2.45 [4] - Gold sales in Indonesia were 75.00 Koz, exceeding the average estimate of 49.47 Koz [4] - Copper sales in Indonesia (Grasberg) totaled 112.00 Mlbs, significantly higher than the estimated 20.43 Mlbs [4] - Revenues from Indonesia were reported at $960 million, a decline of 57.3% year-over-year, compared to the average estimate of $303.61 million [4] - Molybdenum revenues were $220 million, a 24.3% increase year-over-year, below the average estimate of $297.1 million [4] - Revenues from South America copper mines reached $1.62 billion, a 34.2% increase year-over-year, exceeding the average estimate of $1.47 billion [4] - North America copper mines generated $2.1 billion in revenue, a 30.4% year-over-year increase, above the average estimate of $1.9 billion [4] - Rod & Refining revenues were $1.77 billion, a 20.9% year-over-year increase, compared to the average estimate of $1.66 billion [4] - Atlantic Copper Smelting & Refining revenues were $820 million, a 20.8% year-over-year increase, exceeding the average estimate of $725.1 million [4] - Corporate, other & eliminations reported a revenue of -$1.86 billion, worse than the average estimate of -$1.39 billion, but a year-over-year change of +12% [4] Stock Performance - Freeport-McMoRan shares returned +16.7% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]