Filing Flows › Freeport-McMoRan (FCX) › Guidance history
Freeport-McMoRan (FCX) guidance history: what it guided and what it reported
Freeport-McMoRan gave guidance in 15 earnings releases on file since Jan 24, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average -0.3 pts against the guided midpoint. Its releases raised guidance once and lowered it once.
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $2.3B (Oct 27, 2026) | — | to be reported | — |
| FY2026 | $2.0B (Apr 23, 2026) → reaffirmed $2.0B (Jul 23, 2026) | — | to be reported | — |
| Q1 2026 | $300M (Jan 22, 2026) | — | — | — |
| Q4 2025 | $200M (Oct 23, 2025) | — | — | — |
| FY2025 | $2.3B (Jan 23, 2025) → raised $2.5B (Apr 24, 2025) → reaffirmed $2.5B (Jul 23, 2025) | — | — | — |
| Q4 2024 | $2.7B (Oct 22, 2024) | — | — | — |
| FY2024 | $2.1B (Jan 24, 2024) → raised $2.7B (Apr 23, 2024) → lowered $2.6B (Jul 23, 2024) | — | — | — |
Tax rate
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 33.0% (Jan 22, 2026) → lowered 30.0% (Apr 23, 2026) → reaffirmed 30.0% (Jul 23, 2026) → reaffirmed 30.0% (Oct 27, 2026) | — | to be reported | — |
| FY2025 | 40.0% (Jan 23, 2025) → lowered 39.0% (Apr 24, 2025) → lowered 37.0% (Jul 23, 2025) → lowered 36.0% (Oct 23, 2025) | 34.9% | below the range | -1.1 pts |
| FY2024 | 40.0% (Jan 24, 2024) → lowered 35.0% (Apr 23, 2024) → raised 36.0% (Jul 23, 2024) → reaffirmed 36.0% (Oct 22, 2024) | 36.4% | above the range | +0.5 pts |
| Q4 2024 | 40.0% (Oct 22, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $8.5B (Oct 27, 2026) | — | to be reported | — |
| FY2026 | $8.0B (Jan 22, 2026) → raised $8.7B (Apr 23, 2026) → lowered $8.3B (Jul 23, 2026) → raised $8.5B (Oct 27, 2026) | — | to be reported | — |
| FY2025 | $6.2B (Jan 23, 2025) → raised $7.0B (Apr 24, 2025) → reaffirmed $7.0B (Jul 23, 2025) → lowered $5.5B (Oct 23, 2025) | $5.6B (GAAP) | not judged | — |
| FY2024 | $5.8B (Jan 24, 2024) → raised $7.4B (Apr 23, 2024) → lowered $7.2B (Jul 23, 2024) → lowered $6.8B (Oct 22, 2024) | $7.2B (GAAP) | not judged | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.3B (Jan 22, 2026) → reaffirmed $4.3B (Apr 23, 2026) → reaffirmed $4.3B (Jul 23, 2026) → raised $4.4B (Oct 27, 2026) | — | to be reported | — |
| FY2025 | $5.0B (Jan 23, 2025) → reaffirmed $5.0B (Apr 24, 2025) → lowered $4.9B (Jul 23, 2025) → lowered $4.5B (Oct 23, 2025) | $4.5B (GAAP) | not judged | — |
| FY2024 | $4.6B (Jan 24, 2024) → reaffirmed $4.6B (Apr 23, 2024) → raised $4.7B (Jul 23, 2024) → lowered $4.6B (Oct 22, 2024) | $4.8B (GAAP) | not judged | — |
The latest quarter
Freeport-McMoRan, Q3 2026: revenue $7.5B (+8% year over year), operating margin 31.2%, net earnings $1.2B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
Questions
Does Freeport-McMoRan beat its guidance?
Freeport-McMoRan gave guidance in 15 earnings releases on file since Jan 24, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average -0.3 pts against the guided midpoint.
How often does Freeport-McMoRan raise guidance?
Its earnings releases raised guidance once and lowered it once since Jan 24, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.