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

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For the quarter ended September 2025, Freeport-McMoRan (FCX - Free Report) reported revenue of $6.97 billion, up 2.7% over the same period last year. EPS came in at $0.50, compared to $0.38 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.54 billion, representing a surprise of +6.53%. The company delivered an EPS surprise of +21.95%, with the consensus EPS estimate being $0.41.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Freeport-McMoRan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average realized price per pound - Copper: $4.68 compared to the $4.54 average estimate based on four analysts.
  • Average realized price per ounce - Gold: $3,539.00 versus the four-analyst average estimate of $3,382.83.
  • Total Net Cash Cost Per Pound of Copper: $1.40 compared to the $1.72 average estimate based on four analysts.
  • Sales in thousands of ounces - Gold - Consolidated basis: 336.00 Koz versus 310.17 Koz estimated by four analysts on average.
  • Average realized price per pound - Molybdenum: $24.07 versus the four-analyst average estimate of $22.75.
  • Revenues- Indonesia: $2.68 billion versus $2.57 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
  • Revenues- Molybdenum: $177 million compared to the $236.95 million average estimate based on three analysts. The reported number represents a change of +34.1% year over year.
  • Revenues- South America copper mines: $1.41 billion versus the three-analyst average estimate of $1.24 billion. The reported number represents a year-over-year change of +7.5%.
  • Revenues- North America copper mines: $1.94 billion versus the three-analyst average estimate of $1.73 billion. The reported number represents a year-over-year change of +21.9%.
  • Revenues- Rod & Refining: $1.79 billion versus the two-analyst average estimate of $1.7 billion. The reported number represents a year-over-year change of +13.7%.
  • Revenues- Atlantic Copper Smelting & Refining: $774 million versus $794.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.
  • Revenues- Corporate, other & eliminations: $-1.79 billion versus the two-analyst average estimate of $-1.54 billion. The reported number represents a year-over-year change of +14.5%.

View all Key Company Metrics for Freeport-McMoRan here>>>

Shares of Freeport-McMoRan have returned +8.3% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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