Operating Expenses
Exploration Expense
Freeport-McMoRan Inc. Exploration Expense decreased by 26.9% to $38.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.6%, from $39.00M to $38.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows an upward trend with a 36.7% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2016
Last reportedQ1 2026May 8, 2026
Metric ID:
cop_exploration_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.00M | $15.00M | $19.00M | $24.00M | $25.00M | $38.00M | $28.00M | $31.00M | $42.00M | $30.00M | $34.00M | $37.00M | $40.00M | $38.00M | $41.00M | $39.00M | $46.00M | $55.00M | $52.00M | $38.00M |
| QoQ Change | — | +7.1% | +26.7% | +26.3% | +4.2% | +52.0% | -26.3% | +10.7% | +35.5% | -28.6% | +13.3% | +8.8% | +8.1% | -5.0% | +7.9% | -4.9% | +17.9% | +19.6% | -5.5% | -26.9% |
| YoY Change | — | — | — | — | +78.6% | +153.3% | +47.4% | +29.2% | +68.0% | -21.1% | +21.4% | +19.4% | -4.8% | +26.7% | +20.6% | +5.4% | +15.0% | +44.7% | +26.8% | -2.6% |
Range$14.00M – $55.00M
CAGR+23.4%
Avg YoY Growth+33.0%
Median YoY Growth+24.0%
Current Streak2 quarters decline
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Morenci | — | — | — | — | — | — | — | $8.00M |
| Atlantic Copper Smelting & Refining | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Grasberg Segment | — | — | — | — | — | — | — | $0.00 |
| Molybdenum | $0.00 | $0.00 | $0.00 | $0.00 | $1.00M | $0.00 | — | — |
| Rod & Refining | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $40.00M | $38.00M | $41.00M | $39.00M | $46.00M | $55.00M | $52.00M | $38.00M |
Molybdenum was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| North America | $7.00M | $12.00M | $14.00M | $8.00M | $10.00M | $12.00M | $13.00M | $15.00M |
| South America | $6.00M | $4.00M | $5.00M | $2.00M | $5.00M | $4.00M | $4.00M | $3.00M |
| Total | $34.00M | $37.00M | $40.00M | $38.00M | $41.00M | $39.00M | $46.00M | $55.00M |
North America, South America were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Exploration Expense at Other Companies
Frequently Asked Questions
- What is Freeport-McMoRan Inc.'s exploration expense?
- Freeport-McMoRan Inc. (FCX) reported exploration expense of $38.00M in Q1 2026.
- How has Freeport-McMoRan Inc.'s exploration expense changed year-over-year?
- Freeport-McMoRan Inc.'s exploration expense decreased by 2.6% year-over-year, from $39.00M to $38.00M.
- What is the long-term trend for Freeport-McMoRan Inc.'s exploration expense?
- Over 4 years (2021 to 2025), Freeport-McMoRan Inc.'s exploration expense has grown at a 36.7% compound annual growth rate (CAGR), from $55.00M to $192.00M.