Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Freeport-McMoRan Inc.

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Other Income, Net

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Income Before Income Taxes and Equity in Affiliated Companies' Net Earnings

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Total Revenues

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Cost of Sales

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Consolidated Net Income

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Revenue

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Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	26,002	25,820	24,862	25,455	25,640	24,674
Total Revenues %Chg	1.4%	4.6%	4.5%	11.4%	12.9%	12.7%
Revenues
Cost of Sales	18,297	18,144	17,578	17,795	17,449	16,858
Production and Delivery
Impairment of Oil and Gas Properties
Metals Inventory Adjustments
Depreciation, Depletion and Amortization
Gross Profit	7,705	7,676	7,284	7,660	8,191	7,816
Gross Profit Margin	29.6%	29.7%	29.3%	30.1%	31.9%	31.7%
Selling, General & Administrative Expenses	541	527	523	513	504	505
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	2,296	2,271	2,112	2,241	2,293	2,226
Depreciation, Depletion and Amortization
Exploration Expenses	181	164	158	156	149	141
Exploration and Research Expenses
Other Operating Expenses	49	69	70	127	195	273
Environmental Obligations and Shutdown Costs
Gain on Sales of Assets
Operating Profit	6,950	6,916	6,533	6,864	7,343	6,897
Operating Income
Operating Margin	26.7%	26.8%	26.3%	27%	28.6%	28%
Interest Expense	-329	-294	-300	-319	-346	-370
Interest Expense, Net
Non-Operating Income	225	263	291	362	398	372
Net Gain on Early Extinguishment of Debt
Other Income, Net
Gain on Sales of Assets
Total Non-Operating Income	-104	-31	-9	43	52	2
Income Before Provision for Income Taxes	6,846	6,885	6,524	6,907	7,395	6,904
Income Before Income Taxes and Equity in Affiliated Companies' Net Earnings
Provision for Income Taxes	2,539	2,607	2,511	2,523	2,727	2,498
Provision for Income Taxes
Consolidated Net Income	4,308	4,297	4,030	4,399	4,685	4,413
Net Income
Net Income Attributable to Minority Interests and Other	2,235	2,354	2,245	2,495	2,665	2,475
Net Income Attributable to Noncontrolling Interests
Equity in Affiliated Companies' Net Earnings
Continuing Operations
Discontinued Operations
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—
Preferred Dividends
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Net Gain from Discontinued Operations
Net Income Attributable to Common Shareholders	2,072	1,924	1,768	1,889	2,003	1,931
Net Income Attributable to Common Stockholders
Basic EPS	1.4	1.3	1.2	1.3	1.4	1.3
Diluted EPS	1.4	1.3	1.2	1.3	1.4	1.3
Basic Weighted Average Shares Outstanding	1,439.3	1,439.5	1,439.8	1,438	1,439	1,438.3
Total Shares Outstanding	1,435	1,435	1,437	1,437	1,437	1,438
Diluted Weighted Average Shares Outstanding	1,443.8	1,444	1,444.5	1,445	1,444.3	1,444
EBITDA	9,246	9,187	8,645	9,105	9,636	9,123
Effective Tax Rate	37.1%	37.9%	38.5%	36.5%	36.9%	36.2%