Freeport-McMoRan Inc. (FCX) Q3 2022 Earnings Call Transcript

Freeport-McMoRan Inc. (NYSE:FCX) Q3 2022 Earnings Conference Call October 20, 2022 10:00 AM ET

Company Participants

Kathleen Quirk - President

Richard Adkerson - Chairman and Chief Executive Officer

Maree Robertson - Chief Financial Officer

Conference Call Participants

Emily Chieng - Goldman Sachs

Chris LaFemina - Jefferies

Alex Hacking - Citi

Matthew Murphy - Barclays

Orest Wowkodaw - Scotiabank

Carlos De Alba - Morgan Stanley

Michael Dudas - Vertical Research Partners

Martin Malloy - Johnson Rice

Brian MacArthur - Raymond James

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Third Quarter Conference Call. [Operator Instructions] I would now like to turn the conference over to Ms. Kathleen Quirk, President. Please go ahead, ma’am.

Kathleen Quirk

Thank you and good morning everyone. Welcome to the Freeport-McMoRan conference call. Earlier this morning, we reported third quarter 2022 operating and financial results, and a copy of today’s press release and slides are available on our website at fcx.com. Our call today is being broadcast live on the Internet and anyone may listen to the call by accessing our website homepage and clicking on the webcast link for the conference call. In addition to analysts and investors, the financial press has also been invited to listen to today’s call and a replay of the webcast will be available on our website later today.

Before we begin our comments, I’d like to remind everyone that today’s press release and certain of our comments on the call include forward-looking statements and actual results may differ materially. I’d like to refer everyone to the cautionary language included in our press release and presentation materials and to the risk factors described in our annual report on Form 10-K filed with the SEC.

On the call today with me are Richard Adkerson, our Chairman and Chief Executive Officer; Maree Robertson, our CFO, is on the line; Josh Olmsted, who heads our Americas operations is on the line; Mark Johnson, who heads our Indonesian business is on the line; Rick Coleman is on the line, who have helped us with the projects and construction; Cory Stevens is on the line, who is spearheading our engineering and technical services groups, including the leaching initiatives; and Mike Kendrick is on who runs our molybdenum business; we also have Steve Higgins, our Chief Administrative Officer. Richard is going to make a few opening remarks and then we will turn to our presentation, slide materials and go through that and then open up the call for questions.