Freeport-McMoRan (FCX) 3Q 2025 Earnings Profit Beats Estimates Despite Tragic Grasberg Mine Shutdown скачать в хорошем качестве

Freeport-McMoRan (FCX) 3Q 2025 Earnings Profit Beats Estimates Despite Tragic Grasberg Mine Shutdown

*Freeport-McMoRan (FCX) 3Q 2025 Earnings: Profit Beats Estimates Despite Tragic Grasberg Mine Shutdown* FCX reports resilient Third-Quarter 2025 results, with *Adjusted Earnings Per Share (EPS) reaching $0.50**, significantly surpassing analyst estimates and marking a 31% increase year-over-year (YOY). This strong financial performance was supported by **higher average realized copper prices of $4.68 per pound* and disciplined cost control, offsetting a major production disruption at the Grasberg Minerals District in Indonesia. *Key Financial and Operational Highlights:* *Adjusted Net Income* totaled **$722 million**, or $0.50 per share, exceeding the expected 41 cents by 22%. FCX generated *$6.97 billion in revenue* in 3Q 2025, an increase over the $6.79 billion recorded in 3Q 2024. Consolidated average **unit net cash costs were $1.40 per pound of copper**, which was better than the company's July 2025 guidance. The company maintains a **strong financial position**, ending the quarter with **$4.3 billion in cash**. Net debt, excluding debt for PTFI’s downstream processing facilities, totaled **$1.7 billion**, placing it below FCX’s target range of $3.0 billion to $4.0 billion. FCX reaffirmed its quarterly **dividend of $0.15 per share**. *Impact of the Grasberg Incident:* On September 8, 2025, a tragic *mud rush incident* occurred at the PT Freeport Indonesia’s (PTFI) Grasberg Block Cave underground mine, resulting in *seven fatalities* and the **temporary suspension of mining operations**. The suspension reduced 3Q 2025 production by an estimated *90 million pounds of copper* and **80 thousand ounces of gold**. For the **fourth quarter of 2025 (4Q25)**, FCX anticipates **minimal sales volumes from Indonesian operations**. A phased restart and ramp-up of production is expected to begin during late 2025 and continue into 2026. FCX and PTFI are currently completing the root cause investigation and damage assessments. *2025 Outlook and Future Growth:* Despite the short-term impact in Indonesia, FCX projects full-year 2025 consolidated sales to approximate *3.5 billion pounds of copper* and **1.05 million ounces of gold**. FCX highlighted ongoing efficiency and growth initiatives across its global portfolio: *U.S. Operations* compensated for some lost Indonesian output, with copper sales volumes increasing YOY, reflecting higher operating rates. The conversion of the haul truck fleet at the *Bagdad mine* to *autonomous haulage* was substantially completed in October 2025, making it the first major U.S. mine to operate a fully autonomous fleet. In South America, FCX is preparing to submit an environmental impact statement in 1Q 2026 for a potential major mill project at *El Abra* that could support an additional **750 million pounds of copper production per year**. In Indonesia, PTFI continues long-term mine development at the **Kucing Liar deposit**, which is expected to produce over 7 billion pounds of copper and 6 million ounces of gold between 2029 and 2041. *Investor Alert:* FCX is scheduled to hold a conference call with analysts and investors on **November 18, 2025**, to provide a detailed report on the Grasberg incident investigation and present its multi-year operational and financial outlook. --- *Keywords:* FCX, Freeport-McMoRan, Copper, Gold, Grasberg, Indonesia Mining, Q3 2025 Earnings, Adjusted EPS, Mining Incident, PTFI, Autonomous Haulage, Bagdad Mine, Unit Net Cash Costs, Commodity Prices, Metals Mining, Copper Demand, FCX Stock, Kucing Liar, El Abra.