Freeport-McMoRan Inc.
Freeport-McMoRan Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.9 billion, up 1.81% from fiscal 2024.
- Revenue
- +8.23%
- EPS
- +28.3%
- Free cash flow
- +25.5%
- Total debt
- +1.08%
Quarter to September 2026, against a year earlier
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Freeport-McMoRan Inc. 8-K filed Nov 4, 2026
8.01 Other events; 9.01 Financial statements and exhibits
What it says
On November 4, 2026, Freeport-McMoRan announced board approval of a $4.5 billion expansion and modernization of its wholly owned Bagdad copper and molybdenum operation in northwest Arizona. Initial production is targeted for mid-2030, with annual long-term production expected to exceed 400 million pounds of copper and 20 million pounds of molybdenum.
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The production plan includes incremental annual output of approximately 225 million pounds of copper and 12 million pounds of molybdenum.
incremental production of approximately 225 million pounds per annum) and molybdenum production to over 20 million pounds per annum (incremental production of 12 million pounds per annum)
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Freeport expects to fund approximately 20% of project costs in 2027, 30-35% in 2028 and the balance in 2029-2030.
Current estimates indicate that approximately 20% of project costs are expected to be funded in 2027, 30-35% in 2028 and the balance in 2029-2030.
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The new concentrator is expected to add approximately 115,000 tons per day of nameplate processing capacity.
New concentrator facilities expected to provide approximately 115,000 tons per day of incremental nameplate processing capacity with potential to increase over time
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Freeport expects an approximate 20% reduction in long-term unit net cash costs.
Approximate 20% reduction in long-term unit net cash costs, with anticipated benefits from economies of scale, technology and molybdenum by-product credits