Cover and table of contents

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Cover and table of contents

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark one)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-11307-01

fcx_logoa01a01a03a46.jpg

Freeport-McMoRan Inc.

(Exact name of registrant as specified in its charter)

Delaware74-2480931
(State or other jurisdiction of(I.R.S. Employer Identification No.)
incorporation or organization)
4340 E. Cotton Center Blvd., Suite 110
PhoenixAZ85040-8852
(Address of principal executive offices)(Zip Code)

(602) 366-8100

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.10 per shareFCXThe New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☑ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☑ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☑ No

On April 30, 2026, there were issued and outstanding 1,437,559,865 shares of the registrant’s common stock, par value $0.10 per share.

Freeport-McMoRan Inc.

TABLE OF CONTENTS

Page
Part I. Financial Information3
Item 1. Financial Statements:3
Consolidated Balance Sheets (Unaudited)3
Consolidated Statements of Income (Unaudited)4
Consolidated Statements of Comprehensive Income (Unaudited)5
Consolidated Statements of Cash Flows (Unaudited)6
Consolidated Statements of Equity (Unaudited)7
Notes to Consolidated Financial Statements (Unaudited)8
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations20
Item 3. Quantitative and Qualitative Disclosures About Market Risk56
Item 4. Controls and Procedures56
Part II. Other Information56
Item 1. Legal Proceedings56
Item 1A. Risk Factors57
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds57
Item 4. Mine Safety Disclosures57
Item 5. Other Information58
Item 6. Exhibits58
SignatureS-1

Part I.FINANCIAL INFORMATION

Next: Item 1. Financial Statements.