What is Freeport-McMoRan Inc.'s morenci — capex?

Freeport-McMoRan Inc. (FCX) reported morenci — capex of $44M in Q1 2026.

How has Freeport-McMoRan Inc.'s morenci — capex changed year-over-year?

Freeport-McMoRan Inc.'s morenci — capex decreased by 25.4% year-over-year, from $59M to $44M.

What does morenci — capex mean?

Cash outflows used to acquire, upgrade, or maintain physical assets such as mining equipment, processing facilities, and infrastructure. These investments are essential for sustaining current production levels and enabling future growth. It reflects the company's commitment to the long-term viability of the segment.

Freeport-McMoRan Inc. FCX Morenci — CapEx

Other segment segments

Grasberg Segment

$456M-35.2%

North America copper mines

$167M—

South America

$76M—

Atlantic Copper Smelting & Refining

$56M+30.2%

Molybdenum

$28M+12.0%

Rod & Refining

$14M-17.6%

Similar metrics at other companies

KNFMountain — CapEx

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NEMMerian — CapEx

$24M+118%

TRCMineral resources — CapEx

$0-100%

HLCapEx

$39.27M+3.8%

ALBCapEx

$98.68M-46.0%

RIOTCapEx

$115.47M+251%

Other financials

Income statement

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Revenue$7.0B-7.3%

Gross profit$2.2B-16.9%

Operating income$2.0B-17.6%

Net income$984.0M-36.4%

EPS (diluted)$0.68+28.3%

Balance sheet

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Cash & equivalents$4.1B-15.4%

Total debt$10.4B+12.0%

Total equity$20.1B+10.4%

Total assets$59.7B+5.7%

Cash flow

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Operating cash flow$2.0B-6.7%

CapEx$1.1B-12.5%

Free cash flow$944.0M+1.1%

Valuation

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Market cap$86.24B+57.4%

Enterprise value$92.52B+56.2%

P/E20.6×+7.9×

P/S3.3×+1.2×

Profitability

See full

Gross margin27.1%-2.7pp

Operating margin26.8%0.0pp

Net margin16.2%-0.5pp

FCF margin6.2%-2.2pp

Returns & leverage

See full

Return on equity21.8%-2.3pp

Debt / equity0.5×0.0×

Current ratio2.1×-0.4×

Where this comes from

Reported directly by Freeport-McMoRan Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Freeport-McMoRan Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freeport-McMoRan Inc.'s morenci — capex?: Freeport-McMoRan Inc. (FCX) reported morenci — capex of $44M in Q1 2026.
How has Freeport-McMoRan Inc.'s morenci — capex changed year-over-year?: Freeport-McMoRan Inc.'s morenci — capex decreased by 25.4% year-over-year, from $59M to $44M.
What does morenci — capex mean?: Cash outflows used to acquire, upgrade, or maintain physical assets such as mining equipment, processing facilities, and infrastructure. These investments are essential for sustaining current production levels and enabling future growth. It reflects the company's commitment to the long-term viability of the segment.