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

Freeport-McMoRan Inc. (FCX) reported morenci — exploration expense of $8M in Q1 2026.

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

Freeport-McMoRan Inc.'s morenci — exploration expense increased by 33.3% year-over-year, from $6M to $8M.

What does morenci — exploration expense mean?

Costs incurred to identify, evaluate, and confirm the existence of new mineral deposits within or near the segment's existing operations. This investment is crucial for extending the life of the mine and replacing depleted reserves. It represents a strategic allocation of capital toward future growth.

Freeport-McMoRan Inc. FCX Morenci — Exploration Expense

Other segment segments

Atlantic Copper Smelting & Refining

$0—

Grasberg Segment

$0-100%

Rod & Refining

$0—

Similar metrics at other companies

WWRExploration Expense

$312K+4,357%

SCCOExploration Expense

$14.9M+8.8%

PPTAExploration Expense

$53.1M+306%

MUXExploration Costs

$5.46M+48.3%

JAGUOther — Exploration Expense

$2.55K-22.2%

NEX

NEXMMine Developement — Exploration Expense

56,003,200%-10,858,700pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$2.0B-6.7%

CapEx$1.1B-12.5%

Free cash flow$944.0M+1.1%

Valuation

See full

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:ExplorationExpense.

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

Ask your AI about Freeport-McMoRan Inc.'s morenci — exploration expense.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Freeport-McMoRan Inc.'s morenci — exploration expense?: Freeport-McMoRan Inc. (FCX) reported morenci — exploration expense of $8M in Q1 2026.
How has Freeport-McMoRan Inc.'s morenci — exploration expense changed year-over-year?: Freeport-McMoRan Inc.'s morenci — exploration expense increased by 33.3% year-over-year, from $6M to $8M.
What does morenci — exploration expense mean?: Costs incurred to identify, evaluate, and confirm the existence of new mineral deposits within or near the segment's existing operations. This investment is crucial for extending the life of the mine and replacing depleted reserves. It represents a strategic allocation of capital toward future growth.