自由港麦克莫兰 2026年季度报告

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 endedMarch31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Freeport-McMoRan Inc. 74-2480931(I.R.S. Employer Identification No.) Delaware (State or other jurisdiction ofincorporation or organization) 85040-8852(Zip Code) (602) 366-8100(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange 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 pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas 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 reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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 April30, 2026, there were issued and outstanding 1,437,559,865 shares of the registrant’s common stock, par value $0.10 pershare. Freeport-McMoRan Inc.TABLE OF CONTENTS Part I. Financial Information 3Item 1. Financial Statements:3Consolidated Balance Sheets (Unaudited)3Consolidated Statements of Income (Unaudited)4Consolidated Statements of Comprehensive Income (Unaudited)5Consolidated Statements of Cash Flows (Unaudited)6Consolidated Statements of Equity (Unaudited)7Notes to Consolidated Financial Statements (Unaudited)8Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations20Item 3. Quantitative and Qualitative Disclosures About Market Risk56Item 4. Controls and Procedures56Part II. Other Information56Item 1. Legal Proceedings56Item 1A. Risk Factors57Item 2. Unregistered Sales of Equity Securities and Use of Proceeds57Item 4. Mine Safety Disclosures57Item 5. Other Information58Item 6. Exhibits58SignatureS-1 Part I.FINANCIAL INFORMATION Freeport-McMoRan Inc.CONSOLIDATED BALANCE SHEETS (Unaudited) Freeport-McMoRan Inc.CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months EndedMarch 31, Freeport-McMoRan Inc.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) Freeport-McMoRan Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1. GENERAL INFORMATION The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions toForm 10-Q and do not include all information and disclosures required by generally accepted accounting principles in theUnited States (U.S.). Therefore, this information should be read in conjunction with Freeport-McMoRan Inc.’s (FCX)consolidated financial statements and notes contained in its annual report on Form 10-K for the year ended December31,2025 (2025 Form 10-K). The information furnished herein reflects all adjustments that are, in the opinion of management,necessary for a fair statement of the results for the interim periods reported. All such adjustments are, in the opinion ofmanagement, of a normal recurring nature. Operating results for the three-month period ended March31, 2026, are notnecessarily indicative of the results that may be expected for the year ending December31, 2026. Dollar amounts intables are stated in millions, except per share amounts. Subsequent Events.FCX evaluated events after March31, 2026, and through the date the consolidated financialstatements were issued and determined any events and transactions occurring during this period that would requirerecognition or disclosure are appropriately addressed in these consolidated financial statements. NOTE 2. EARNINGS PER SHARE FCX calculates its basic net income per share of common stock under the two-class method and calculates its diluted netincome per share of common stock using the more dilutive of the two-class method or the treasury-stock method. Basicnet income per share of common stock was computed by dividing net income attributable to common