| FCX |
Report |
Adjusted EPS |
BEAT |
pred ~$0.65 vs. cons $0.61 |
MEDIUM |
| FCX |
Report |
Consolidated copper sales |
IN-LINE |
pred ~697M lb vs. cons 692M lb |
MEDIUM |
| FCX |
Report |
Consolidated unit net cash costs |
BEAT |
pred ~$2.12/lb vs. cons $2.24/lb |
MEDIUM |
| FCX |
Guide |
Copper sales guidance |
UNCHANGED |
guide ~3.10B lb vs. cons 3.10B lb (FY2026) |
MEDIUM |
| FCX |
Guide |
Gold sales guidance |
UNCHANGED |
guide ~650K oz vs. cons 650K oz (FY2026) |
MEDIUM |
| FCX |
Guide |
Consolidated unit net cash-cost guidance |
BETTER |
guide ~$1.92/lb vs. cons $1.95/lb (FY2026) |
LOW |
| FCX |
Guide |
Grasberg production capacity |
UNCHANGED |
guide ~65% of capacity vs. cons 65% of capacity (2H2026) |
MEDIUM |
| FCX |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.5% |
— |
MEDIUM |
| FCX |
Return |
5-day cumulative residual |
+2.0% (FADE) |
The Q2 beat should be driven mainly by copper pricing, by-product credits and lower cash costs; unchanged FY2026 copper sales of 3.10B lb and unchanged 2H2026 Grasberg capacity of 65% would limit out-period volume revisions, causing part of the initial execution-relief rally to fade. |
MEDIUM |