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Freeport-McMoRan, Inc.
10/27/2026
Ladies and gentlemen, thank you for standing by and welcome to the report-McMoRan third quarter conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. If you wish to ask a question during the Q&A session, press star 1 on your touchtone phone. If you require assistance during the conference, please press star 0. I would now like to turn the conference over to Mr. David Joint, Vice President, Investor Relations. Please go ahead, sir.
Thank you, Regina, and good morning, everyone. Welcome to the Freeport Conference Call. Earlier this morning, FCX reported its third quarter operating and financial results. A copy of today's press release with supplemental schedules and slides are available on our website, fcx.com. Today's conference call is being broadcast live on the internet. Anyone may listen to the conference call by accessing our website homepage and clicking on the webcast link. In addition to analysts and investors, the financial press has been invited to listen to today's call. A replay of the webcast will be available on our website later today. Before we begin our comments, we would like to remind everyone that today's press release and certain of our comments on the call include non-GAAP measures and forward-looking statements, and actual results may differ materially. Please refer to the cautionary language included in our press release in slides and to the risk factors described in our SEC filings, all of which are available on our website. Also on the call with me today are Richard Acterson, Chairman of the Board, Kathleen Quirk, President and Chief Executive Officer, Maree Robertson, Executive Vice President and Chief Financial Officer, and other members of our management team. Richard will make some opening remarks Kathleen and Maree will review our slide materials and then we'll open up the call for questions. Richard?
Thanks, David. We appreciate you all for joining us today. We've been looking forward to speaking with you about our strong third quarter results and our positive outlook for the future. We are pleased and proud of our team with the steady progress throughout the year achieved on the Grassburg ramp up and with our initiatives across our business to drive value. As we look forward, the table is set for growing our volumes in the near term, medium term and longer term, supported by a portfolio of long-lived assets and by a qualified and experienced team. Leaders in Indonesia have expressed support for the extension of our operating rights beyond 2041. We continue to work with the Ministry of Energy and Mines on documentation to implement the memorandum of understanding we signed with the government of Indonesia. Freeport's growth plans match up exceptionally well with accelerating requirements for copper. Electrification continues to advance at a rapid pace, bigger and faster than we've seen in the past, and copper is the metal of electrification. The world requires a lot more copper and supplies are challenged. Freeport is particularly well positioned to grow with the market. After working in this industry for decades, today's opportunity, where structural trends point to a multi-year period of significant demand growth, is unique. We at Freeport have the right assets at the right time. With a strong team in the Freeport family and our strong financial positions, we are well positioned to capture this opportunity for the benefit of our shareholders and all our stakeholders. Kathleen?
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