Financial PerformanceFreeport reported a 1Q EBITDA beat as copper sales volumes, realized prices and unit costs all beat what the company had guided to.
Free Cash FlowFreeport is heading into a period of rising free cash flow due to higher volumes, lower unit costs, and higher price realizations, in part due to COMEX copper price premiums.
Share RepurchasesFreeport repurchased shares for the first time since 3Q'24 by repurchasing 2.3m shares for $80m, indicating potential for further share repurchases.