Freeport-McMoRan Beats Q3 Estimates: Gold Sales Soar, Copper Production Stabilizes
Freeport-McMoRan Beats Q3 Estimates: Gold Sales Soar, Copper Production Stabilizes
Copper's average realized price per pound was $4.30, and production totaled 1.051 billion pounds.Freeport-McMoRan Inc. (NYSE:FCX) shares are trading higher after the company reported third-quarter FY24 results.
麦克莫兰铜金公司（NYSE:FCX）股价上涨，这家公司报告了2024财年第三季度的业绩。
Revenue stood at $6.79 billion, beating the consensus of $6.47 billion.
营业收入为$67.9亿，超过了$64.7亿的共识。
Copper sales totaled 1.0 billion pounds, down 7% Y/Y and 2% above the July 2024 estimate, due to the timing of shipments and lower ore grades and operating rates in North America.
铜销售总量为10亿磅，同比下降7％，比2024年7月的预估高出2％，这是因为北美地区装运时间的变化，矿石品位降低以及运营率降低。
Copper's average realized price per pound was $4.30, and production totaled 1.051 billion pounds.
铜的每磅平均实现价格为$4.30，总产量为10.51亿磅。
Gold sales stood at 558 thousand ounces, up 40% Y/Y and 17% higher than the July 2024 estimate on the timing of shipments. The average realized price per ounce stood at $2,568 and in the quarter.
黄金销量为55.8万盎司，同比增长40％，比2024年7月的预估高出17％，这是由于装运时间推移。每盎司的平均实现价格为$2,568。
Operating income stood at $1.938 billion vs $1.492 billion a year ago. Adjusted EPS was $0.38, beating the consensus of $0.35.
运营收入为$19.38亿，去年同期为$14.92亿。调整后的每股收益为$0.38，超过了$0.35的共识。
Operating cash flow for the quarter totaled $1.87 billion, compared to $1.24 billion a year ago.
本季度的营运现金流总额为$18.7亿，去年同期为$12.4亿。
As of Sept. 30, Freeport-McMoRan had $5.0 billion in cash and equivalents and consolidated debt totaling $9.7 billion.
截至9月30日，麦克莫兰铜金公司现金及等价物总额为$50亿，合并债务总额为$97亿。
Richard Adkerson, chairman of the board, and Kathleen Quirk, president, and chief executive officer, said, "During the third quarter, our global team generated strong margins and cash flows, achieved our production targets, continued to prioritize productivity and cost control, and advanced initiatives for future growth."
理查德·阿德科森（Richard Adkerson）董事长和凯瑟琳·奎尔克（Kathleen Quirk）总裁兼首席执行官表示：“在第三季度，我们的全球团队取得了良好的利润率和现金流，实现了生产目标，继续优先考虑生产率和成本控制，并推动未来增长的倡议。”
"We remain focused on strong execution of our plans globally as we work to address damage from a recent fire affecting a portion of our new Indonesia smelter facilities."
“我们将继续专注于全球计划的有效执行，努力处理最近一场火灾对印尼新冶炼厂设施的影响。”
2024 Outlook: Freeport-McMoRan now expects consolidated sales volumes to be ~4.1 billion pounds of copper, 1.8 million ounces of gold, and 80 million pounds of molybdenum.
2024展望：麦克莫兰铜金现在预计合并销量将达到约41亿磅的铜、180万盎司的黄金和8000万磅的钼。
The company now expects operating cash flows of ~$6.8 billion in 2024, assuming average prices of $4.25 per pound of copper, $2,600 per ounce of gold, and $20.00 per pound of molybdenum in the fourth quarter of 2024.
公司现在预计2024年的运营现金流为约68亿美元，假设2024年第四季度铜每磅4.25美元、黄金每盎司2600美元和钼每磅20.00美元平均价格。
Investors can gain exposure to the stock via Sprott Copper Miners ETF (NASDAQ:COPP) and First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI).
投资者可以通过sprott铜矿业etf（NASDAQ:COPP）和first trust indxx全球自然资源收入etf（NASDAQ:FTRI）获得该股的曝光。
Price Action: FCX shares are up 2.75% at $49.26 premarket at the last check Tuesday.
价格走势：FCX股价在周二最后核查时预盘上涨2.75%，报49.26美元。
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图像由Midjourney通过人工智能创建。
