Freeport-McMoRan’s (FCX) Q2 Results Impress amid Copper Production Ramp-up

Freeport-McMoRan Inc. (NYSE:FCX) is one of the best copper stocks to buy according to hedge funds. On July 23, the company delivered solid second-quarter 2025 results and achieved a significant milestone with the startup of a new large-scale copper smelter in Indonesia. The company is on track to become America’s copper champion, with large-scale production of copper, gold, and molybdenum.

Freeport-McMoRan’s (FCX) Q2 Results Impress amid Copper Production Ramp-up

Revenues in the second quarter increased to $7.58 billion compared to $6.6 billion delivered in the same quarter last year. Net income increased to $772 million from $616 million a year ago, leading to earnings per share of $0.53, an improvement from $0.42 a share last year.

During the quarter, Freeport-McMoRan produced 963 million pounds of copper and 317,000 ounces of gold for the year 2025. The company is on course to sell 1.3 billion pounds of copper from its U.S. mining operations. It also continues to return value to shareholders with the repurchase of 1.5 million shares for a total cost of $52 million in Q2.

Freeport-McMoRan Inc. (NYSE:FCX) is the leading copper exploration and mining company in the US. It accounts for approximately 70% of total U.S. refined copper production through its integrated domestic mining and processing facilities. The company is currently expanding its domestic business.

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Disclosure: None. This article is originally published at Insider Monkey.