Freeport-McMoRan Revenue Jumps 15% in Q2

Freeport-McMoRan (NYSE:FCX), a global leader in copper, gold, and molybdenum mining, reported its earnings for the second quarter of fiscal 2025 on July 23, 2025. Its results delivered significant beats across key metrics, headlined by revenue of $7.58 billion—outperforming expectations by more than $390 million. Non-GAAP diluted earnings per share landed at $0.54, topping estimates by $0.09, while adjusted net income rose nearly 18 % from a year earlier. Strong sales of copper and gold, higher commodity prices, and a notable drop in per-unit cash costs underpinned the quarter’s robust performance. Overall, it was a period marked by solid execution and tailwinds from commodity markets, particularly in the United States and Indonesia.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.

Freeport-McMoRan is one of the world’s largest publicly traded producers of copper, with additional substantial operations in gold and molybdenum. Its largest asset is the Grasberg mining district in Indonesia, complemented by significant mines in the Americas such as Morenci, Cerro Verde, and El Abra. The company sells copper concentrates and refined copper used in electrical grids, electric vehicles, and industrial infrastructure worldwide.

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Source Fool.com