2 May 2019debt financing● Neutral
FCX amended its revolving credit facility, extending most of it by a year to April 2024 and loosening how the leverage-ratio covenant is calculated.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Apr 2019quarterly activities report● Neutral
FREEPORT-MCMORAN INC reported quarterly revenue of $3792.0 million for the period ended 2019-03-31.
25 Apr 2019agm notice● Neutral
Freeport-McMoRan filed its proxy statement for the June 12, 2019 annual meeting. Stockholders were asked to elect five directors, ratify Ernst & Young as auditor for 2019, and give an advisory vote on executive pay.
25 Apr 2019agm notice● Neutral
FREEPORT-MCMORAN INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
14 Feb 2019substantial holder notice● Neutral
Capital Research Global Investors ** reported a FREEPORT-MCMORAN INC shareholding of 60,319,740 shares (4.10% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a FREEPORT-MCMORAN INC shareholding of 158,790,299 shares (10.95% of votes) in a periodic institutional filing.
7 Feb 2019quarterly activities report● Neutral
Freeport-McMoRan amended its Q4 2018 results 8-K to adjust PT-FI's deferred tax liability after its special mining license. This raised fourth-quarter net income by $345 million, to $485 million attributable to common stock ($0.33 per share).
4 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a FREEPORT-MCMORAN INC shareholding of 103,368,279 shares (7.10% of votes) in a periodic institutional filing.
24 Jan 2019quarterly activities report● Neutral
Freeport-McMoRan filed an 8-K saying it issued a press release on January 24, 2019 with its fourth-quarter and full-year 2018 results. It also furnished the slides from that day's earnings call.
28 Dec 2018material agreement▲ GoodMajor
FCX closed the Inalum transaction: Indonesian entities now hold 51.2% of PT-FI's shares, but FCX retained its economics (about 81.28%) through 2022 via revenue and cost-sharing arrangements and continues to manage PT-FI's day-to-day operations.
9 Nov 2018quarterly activities report● Neutral
Freeport-McMoRan's 10-Q for the third quarter of 2018 reported revenue of $4,908 million, up from $4,310 million a year earlier. Net income attributable to common stockholders was $556 million.
24 Oct 2018quarterly activities report● Neutral
Freeport-McMoRan filed an 8-K noting its October 24, 2018 press release of third-quarter and nine-month 2018 results and the earnings call slides.
28 Sept 2018material agreement▲ GoodMajor
FCX agreed to terms for Indonesian state enterprise Inalum to acquire Rio Tinto's Grasberg joint-venture interest and FCX's indirect 9.36% stake in PT Freeport Indonesia for $3.85 billion (FCX to receive $350 million) -- resolving years of Contract of Work negotiations by lifting Indonesian share ownership to 51.2% while extending PT-FI's mining rights through 2041.
8 Aug 2018securities registration● Neutral
FREEPORT-MCMORAN INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
8 Aug 2018quarterly activities report● Neutral
Freeport-McMoRan reported second-quarter 2018 revenue of $5,168 million, up from $3,711 million a year earlier, with net income attributable to common stockholders of $869 million.
25 July 2018quarterly activities report● Neutral
Freeport-McMoRan filed an 8-K noting its July 25, 2018 press release of second-quarter and six-month 2018 results and the earnings call slides.
5 June 2018agm notice● Neutral
FREEPORT-MCMORAN INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
1 June 2018agm notice● Neutral
Freeport-McMoRan told stockholders that director Jon C. Madonna, on the board since 2007, died on May 30, 2018. He was removed as a nominee for the June 5 annual meeting, and no replacement was expected before it.
4 May 2018quarterly activities report● Neutral
Freeport-McMoRan reported first-quarter 2018 revenue of $4,868 million, up from $3,341 million a year earlier, with net income attributable to common stockholders of $692 million.
24 Apr 2018agm notice● Neutral
FREEPORT-MCMORAN INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Apr 2018quarterly activities report● Neutral
FCX announced its first-quarter 2018 results by press release on April 24, 2018. The 8-K furnished the release and the earnings call slides.
24 Apr 2018agm notice● Neutral
FCX issued its proxy statement for the June 5, 2018 annual meeting. Stockholders were asked to elect seven directors, ratify Ernst & Young as auditor, and hold an advisory vote on executive pay.
23 Apr 2018debt financing▲ Good
On April 20, 2018, FCX, PT Freeport Indonesia and FM O&G signed a new five-year unsecured $3.5 billion revolving credit facility maturing April 20, 2023. It replaced the February 2013 facility, and nothing was borrowed at signing.
16 Feb 2018director interest notice● Neutral
FREEPORT-MCMORAN INC VP & Controller Financial Rptg C Donald Whitmire Jr. had 2,265 shares withheld for taxes on vesting stock.
16 Feb 2018director interest notice● Neutral
FREEPORT-MCMORAN INC Pres & COO FM Americas Harry M. Conger IV had 1,568 shares withheld for taxes on vesting stock.
15 Feb 2018substantial holder notice● Neutral
High River Limited Partnership, Hopper Investments LLC, Barberry Corp, Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P, Icahn Enterprises G.P. Inc, Beckton Corp, Carl C. Icahn reported a FREEPORT-MCMORAN INC shareholding of 60,002,427 shares (4.14% of votes) in a periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Capital Research Global Investors ** reported a FREEPORT-MCMORAN INC shareholding of 94,095,063 shares (6.50% of votes) in a periodic institutional filing.
8 Feb 2018director interest notice● Neutral
FREEPORT-MCMORAN INC Pres & COO FM Americas Harry M. Conger IV received 36,500 shares and a 87,500-share option grant as part of the equity award.
8 Feb 2018director interest notice● Neutral
FREEPORT-MCMORAN INC EVP, CFO & Treasurer Kathleen L Quirk received 53,000 shares and a 127,500-share option grant as part of the equity award.
8 Feb 2018substantial holder notice● Neutral
BlackRock, Inc reported a FREEPORT-MCMORAN INC shareholding of 90,899,249 shares (6.30% of votes) in a periodic institutional filing.