Freeport-McMoRan Sees Revenue Decline Amid Higher Copper, Gold Prices

Freeport-McMoRan Inc reported its second-quarter results for 2026, showing revenue of $7.03B and diluted EPS of $0.68.

The company's financial highlights include a year-over-year decline in revenue by 7.3% and net income by 10.1%, but an increase in diluted EPS by 8.3%.

Business highlights reveal that realized copper prices were roughly 35% higher and realized gold prices roughly 37% higher year-to-date, supporting operating income.

The phased ramp-up of the Grasberg Block Cave continued following the September 2025 mud rush, with a downstream smelter restart planned for H2 2026.