自由港麦克莫兰 2026年季度报告

(Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2026 For the transition period fromtoCommission file number: 001-11307-01 Freeport-McMoRan Inc. (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), 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 registrant 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 reporting 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. Part I. Financial Information Item 1. Financial Statements: Table of Contents 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, 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 require 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 stockholders (afterdeducting accumulated undistributed dividends and earnings allocated to participating securities) by the weighted-average Shares associated with outstanding stock options with exercise prices greater than the average market price of FCX’scommon stock during the period are excluded from the computation of diluted net income per share of common stock. Table of Contents NOTE 3. INCOME TAXES Geographic sources of FCX’s (provision) benefit for income taxes follow: FCX’s consolidated effective income tax rate is a function of the various rates in the jurisdictions where it operates andwas 32% for first-quarter 2026 and 39% for first-quarter 2025. NOTE 4. DEBT AND EQUITY The components of debt follow: Revolving Credit Facilities.FCX and PTFI have a $3.0billion, senior unsecured revolving credit facility that matures inOctober 2027. Under the terms of the revolving credit facility, FCX may obtain loans and issue letters of credit in anaggregate amount of up to $3.0 billion, with a $1.5billion sublimit on the issuance of letters of credit and a $500million At March31, 2026, PTFI had $250million in borrowings outstanding under its $1.75billion, senior unsecured revolvingcredit facility that matures in November 2028, and Cerro Verde had no borrowings outstanding under its $350million, At March31, 2026, FCX, PTFI and Cerro Verde were in compliance with each of their respective credit facility’scovenants. Interest Expense, Net.Consolidated interest costs (before capitalization) totaled $174 million in both first-quarter 2026and 2025. Lower capitalized interest of $60 million in first-quarter 2026, compared to $104 million in first-quarter 2025,primarily reflects the impact of placing PTFI’s smelter and precious metals refinery (PMR) (collectively, PTFI’s downstream Share Repurchase Program and Dividends.During first-quarter 2026, FCX acquired 1.7million shares of its commonstock for a total cost