Freeport reported fourth-quarter 2024 net income attributable to common stock of $274 million, $0.19 per share, and adjusted net income attributable to common stock of $450 million, $0.31 per share, after excluding net charges totaling $176 million, $0.12 per share, primarily associated with adjustments to asset retirement obligations, charges associated with legacy oil and gas properties and metals inventory adjustments.
Richard Adkerson, Chairman of the Board, and Kathleen Quirk, President and Chief Executive Officer, said, “We enter 2025 with a clear focus on continued strong execution of our operating plans, enhancing productivity, managing costs and capital, and advancing opportunities for long-term profitable growth and value creation.
“Our global team delivered solid results in 2024, and we are strongly positioned for the future with high-quality, large-scale copper assets, attractive organic growth options, successful track record of our team and a strong balance sheet. Copper's role in the global economy is increasingly important, and Freeport is well positioned for the future as a global industry leader.”
Recap:
2024 net income attributable to common stock of $274 million
$0.19 per share, and
Adjusted net income attributable to common stock of $450 million,
$0.31 per share,
excluding net charges totaling $176 million
$0.12 per share
For full details, read the news release on fcx.com.
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