9 Nov 2016quarterly activities report● Neutral
Freeport-McMoRan reported third-quarter 2016 revenues of $3,877 million, up from $3,382 million a year earlier, and net income attributable to common stockholders of $217 million.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Oct 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Courtney Mather bought 150,000 shares on the open market.
26 Oct 2016quarterly activities report● Neutral
FREEPORT-MCMORAN INC reported quarterly revenue of $3877.0 million for the period ended 2016-09-30.
11 Oct 2016substantial holder notice● Neutral
Capital Research Global Investors ** disclosed a new substantial FREEPORT-MCMORAN INC shareholding (10.50% of votes).
4 Oct 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Gerald J Ford acquired 3,510 shares at $10.86 under a company stock plan.
4 Oct 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Courtney Mather acquired 2,014 shares at $10.86 under a company stock plan.
4 Oct 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Andrew Langham acquired 1,064 shares at $10.86 under a company stock plan.
12 Sept 2016material agreement▲ GoodMajor
FCX agreed to sell its Deepwater Gulf of Mexico oil and gas properties to Anadarko Petroleum for $2.0 billion cash plus up to $150 million contingent -- effectively exiting offshore oil and gas -- and launched a consent solicitation to amend its oil and gas subsidiaries' note indentures.
5 Aug 2016quarterly activities report● Neutral
FCX reported second-quarter 2016 revenue of $3,334 million and a net loss attributable to common stockholders of $479 million. This compared with revenue of $3,938 million in the second quarter of 2015.
27 July 2016securities registration● Neutral
FREEPORT-MCMORAN INC filed the final prospectus for a registered offering.
27 July 2016material agreement● Neutral
FCX entered into a distribution agreement with 17 banks to sell up to $1.5 billion of common stock from time to time through an at-the-market program. The 8-K also reported a second-quarter 2016 net loss of $479 million.
26 July 2016quarterly activities report● Neutral
Freeport-McMoRan filed an 8-K noting it had issued a press release and earnings call slides on July 26, 2016, covering its second-quarter and six-month 2016 results.
15 July 2016securities registration● Neutral
FREEPORT-MCMORAN INC filed notice of an exempt private placement.
6 July 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Courtney Mather acquired 1,963 shares at $11.14 under a company stock plan.
6 July 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Gerald J Ford acquired 3,422 shares at $11.14 under a company stock plan.
6 July 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Andrew Langham acquired 1,037 shares at $11.14 under a company stock plan.
24 June 2016capital raising announcement● NeutralMajor
FCX agreed, between June 16 and June 23, 2016, to swap $268.5 million of its senior notes for 19.9 million new common shares (about 1.59% of shares outstanding) plus about $3.1 million cash for accrued interest. This cuts debt at the cost of modest dilution to existing shareholders, and the company says it is evaluating further debt buybacks or debt-for-equity exchanges (no amounts or commitments given).
22 June 2016securities registration● Neutral
Freeport-McMoRan filed a final prospectus supplement reporting that it issued, and Noble resold, 48,137,151 shares of common stock for gross proceeds of $539.8 million under the oil and gas settlement. The offering was complete.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Dustan E Mccoy received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Jon C/ Madonna received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Lydia H Kennard received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Frances F Townsend received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Andrew Langham received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Courtney Mather received 16,000 shares as part of the equity award.
3 June 2016director interest notice● Neutral
FREEPORT-MCMORAN INC insider Gerald J Ford received 16,000 shares as part of the equity award.
16 May 2016securities registration● Neutral
FREEPORT-MCMORAN INC filed a prospectus supplement covering resales by selling shareholders.
16 May 2016material agreement▼ Bad
FCX registered up to $540 million of stock that Noble Drilling could sell under a settlement terminating an offshore drilling rig contract with FCX's oil and gas unit -- a real cost of unwinding the 2013 oil and gas expansion.
13 May 2016agm notice● Neutral
FREEPORT-MCMORAN INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
12 May 2016securities registration● Neutral
FREEPORT-MCMORAN INC filed the final prospectus for a registered offering.
10 May 2016quarterly activities report● Neutral
Freeport-McMoRan reported first-quarter 2016 revenues of $3.527 billion and a net loss attributable to common stockholders of $4.184 billion, driven by a $3.787 billion impairment of oil and gas properties.