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Cleveland Cliffs (CLF) Q3 2026 (USD): adj. EPS 0.28 (exp. 0.21), revenue 5.6bln (exp. 5.7bln)

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Cleveland-Cliffs reported Q3 adjusted EPS above expectations and revenue below expectations, while management cited stronger EBITDA and expects higher Q4 EBITDA and a major debt reduction.

News detail

GUIDANCE: Sees Q4 adj. EBITDA at USD 715mln (exp. 698mln) COMMENTARY: CEO says: "Third quarter was our strongest quarter in three years, with adjusted EBITDA of USD 612 million, a number above the USD 575 million guidance we provided three months ago." "Average selling price, sales volumes, and unit costs all moved in the right direction relative to Q2 performance." Expects fourth quarter adjusted EBITDA to further increase, even with typical fourth-quarter seasonality and planned maintenance outages Continued to reduce debt in Q3 and, with amplified free cash flow in Q4 and property sale proceeds Expects a major debt reduction in the fourth quarter

1 stocks
CLFCleveland-Cliffs Inc.$13.66Current price

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