Freeport-McMoRan (FCX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Freeport-McMoRan (FCX) reported $7.58 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 14.5%. EPS of $0.54 for the same period compares to $0.46 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $7.12 billion, representing a surprise of +6.47%. The company delivered an EPS surprise of +17.39%, with the consensus EPS estimate being $0.46.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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:

  • Sales in thousands of ounces – Gold – Consolidated basis: 522.00 Koz compared to the 498.98 Koz average estimate based on three analysts.

  • Production in millions of pounds – Molybdenum – South America (Cerro Verde): 4.00 Mlbs compared to the 6.67 Mlbs average estimate based on three analysts.

  • Production in millions of pounds – Molybdenum – By-product – North America: 9.00 Mlbs compared to the 7.67 Mlbs average estimate based on three analysts.

  • Total Net Cash Cost Per Pound of Copper: $1.13 compared to the $1.30 average estimate based on three analysts.

  • Sales in thousands of Ounces – Gold – Indonesia: 518.00 Koz versus 494.89 Koz estimated by three analysts on average.

  • Revenues- Indonesia: $3.42 billion versus the three-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +50.7%.

  • Revenues- Molybdenum: $180 million compared to the $254.9 million average estimate based on three analysts. The reported number represents a change of +30.4% year over year.

  • Revenues- South America copper mines: $1.26 billion compared to the $1.26 billion average estimate based on three analysts. The reported number represents a change of -16.6% year over year.

  • Revenues- North America copper mines: $1.03 billion versus $1.59 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33% change.

  • Revenues- Rod & Refining: $1.7 billion compared to the $1.63 billion average estimate based on two analysts. The reported number represents a change of -0.2% year over year.

  • Revenues- Atlantic Copper Smelting & Refining: $818 million compared to the $786.41 million average estimate based on two analysts. The reported number represents a change of -9.1% year over year.

  • Revenues- Corporate, other & eliminations: $-1.51 billion versus $-1.73 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change.

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

Shares of Freeport-McMoRan have returned +9% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

Comments are closed.