Cleveland-Cliffs Q3 revenue reaches $5.9B

Full story: https://grafa.com/en/news/united-states/cleveland-cliffs-q3-2026-612-million-adjusted-ebitda

Cleveland-Cliffs reported $612 million in Q3 2026 adjusted EBITDA, exceeding its previous US$575 million guidance by $37 million.
Revenue increased to $5.6 billion from $5.2 billion in Q2, while the company returned to a $165 million net profit from a $134 million loss.
Cleveland-Cliffs expects 2027 adjusted EBITDA to exceed $4 billion, while planning to idle Stelco galvanizing lines and reduce debt.

Cleveland-Cliffs (NYSE:CLF) reported $612 million in third-quarter adjusted EBITDA, exceeding its $575 million guidance, as revenue reached $5.6 billion.

Revenue rose from $5.2 billion in Q2, while net income improved to $165 million from a $134 million loss.

Steel shipments reached 4.2 million net tons, adjusted earnings were $0.28 per share, and September-end liquidity stood at $3.2 billion.

Cleveland-Cliffs forecasts 2027 adjusted EBITDA above $4 billion and further Q4 debt reduction.

The company plans to indefinitely idle Stelco's galvanizing lines in Canada, citing weak galvanized-steel market conditions while maintaining overall production tonnage.

Cleveland-Cliffs previously announced a $1 billion Middletown Works investment supported by a $500 million U.S. government award, alongside other steelmaking expansion projects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":620355559387608,"tweetId":"620355559387608","gmtCreate":1792484609067,"gmtModify":1792484615974,"author":{"id":4169784042383112,"idStr":"4169784042383112","authorId":4169784042383112,"authorIdStr":"4169784042383112","name":"Grafa","avatar":"https://community-static.tradeup.com/news/ec1614006170d0aa3182195a94e8944d","vip":2,"userType":2,"introduction":"Grafa generates AI-driven data, news and analysis about NYSE, Nasdaq and ASX stocks","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":258,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/e35e67dc83788865fe0accecf6edacad","width":"2688","height":"1520"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/e35e67dc83788865fe0accecf6edacad","width":"2688","height":"1520"}],"title":"Cleveland-Cliffs Q3 revenue reaches $5.9B","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e35e67dc83788865fe0accecf6edacad\" tg-width=\"2688\" tg-height=\"1520\"></p>\n<p>Full story: https://grafa.com/en/news/united-states/cleveland-cliffs-q3-2026-612-million-adjusted-ebitda</p>\n<ul>\n <li>\n  <p>Cleveland-Cliffs reported $612 million in Q3 2026 adjusted EBITDA, exceeding its previous US$575 million guidance by $37 million.</p></li>\n <li>\n  <p>Revenue increased to $5.6 billion from $5.2 billion in Q2, while the company returned to a $165 million net profit from a $134 million loss.</p></li>\n <li>\n  <p>Cleveland-Cliffs expects 2027 adjusted EBITDA to exceed $4 billion, while planning to idle Stelco galvanizing lines and reduce debt.</p></li>\n</ul>\n<p style=\"text-align: start;\">Cleveland-Cliffs (NYSE:CLF) reported $612 million in third-quarter adjusted EBITDA, exceeding its $575 million guidance, as revenue reached $5.6 billion.</p>\n<p style=\"text-align: start;\">Revenue rose from $5.2 billion in Q2, while net income improved to $165 million from a $134 million loss.</p>\n<p style=\"text-align: start;\">Steel shipments reached 4.2 million net tons, adjusted earnings were $0.28 per share, and September-end liquidity stood at $3.2 billion.</p>\n<p style=\"text-align: start;\">Cleveland-Cliffs forecasts 2027 adjusted EBITDA above $4 billion and further Q4 debt reduction.</p>\n<p style=\"text-align: start;\">The company plans to indefinitely idle Stelco's galvanizing lines in Canada, citing weak galvanized-steel market conditions while maintaining overall production tonnage.</p>\n<p style=\"text-align: start;\">Cleveland-Cliffs previously announced a $1 billion Middletown Works investment supported by a $500 million U.S. government award, alongside other steelmaking expansion projects.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e35e67dc83788865fe0accecf6edacad\" tg-width=\"2688\" tg-height=\"1520\"></p>\n<p>Full story: https://grafa.com/en/news/united-states/cleveland-cliffs-q3-2026-612-million-adjusted-ebitda</p>\n<ul>\n <li>\n  <p>Cleveland-Cliffs reported $612 million in Q3 2026 adjusted EBITDA, exceeding its previous US$575 million guidance by $37 million.</p></li>\n <li>\n  <p>Revenue increased to $5.6 billion from $5.2 billion in Q2, while the company returned to a $165 million net profit from a $134 million loss.</p></li>\n <li>\n  <p>Cleveland-Cliffs expects 2027 adjusted EBITDA to exceed $4 billion, while planning to idle Stelco galvanizing lines and reduce debt.</p></li>\n</ul>\n<p style=\"text-align: start;\">Cleveland-Cliffs (NYSE:CLF) reported $612 million in third-quarter adjusted EBITDA, exceeding its $575 million guidance, as revenue reached $5.6 billion.</p>\n<p style=\"text-align: start;\">Revenue rose from $5.2 billion in Q2, while net income improved to $165 million from a $134 million loss.</p>\n<p style=\"text-align: start;\">Steel shipments reached 4.2 million net tons, adjusted earnings were $0.28 per share, and September-end liquidity stood at $3.2 billion.</p>\n<p style=\"text-align: start;\">Cleveland-Cliffs forecasts 2027 adjusted EBITDA above $4 billion and further Q4 debt reduction.</p>\n<p style=\"text-align: start;\">The company plans to indefinitely idle Stelco's galvanizing lines in Canada, citing weak galvanized-steel market conditions while maintaining overall production tonnage.</p>\n<p style=\"text-align: start;\">Cleveland-Cliffs previously announced a $1 billion Middletown Works investment supported by a $500 million U.S. government award, alongside other steelmaking expansion projects.</p></body></html>","text":"Full story: https://grafa.com/en/news/united-states/cleveland-cliffs-q3-2026-612-million-adjusted-ebitda Cleveland-Cliffs reported $612 million in Q3 2026 adjusted EBITDA, exceeding its previous US$575 million guidance by $37 million. Revenue increased to $5.6 billion from $5.2 billion in Q2, while the company returned to a $165 million net profit from a $134 million loss. Cleveland-Cliffs expects 2027 adjusted EBITDA to exceed $4 billion, while planning to idle Stelco galvanizing lines and reduce debt. Cleveland-Cliffs (NYSE:CLF) reported $612 million in third-quarter adjusted EBITDA, exceeding its $575 million guidance, as revenue reached $5.6 billion. Revenue rose from $5.2 billion in Q2, while net income improved to $165 million from a $134 million loss. Steel shipments reached 4.2 million net tons, adjusted earnings were $0.28 per share, and September-end liquidity stood at $3.2 billion. Cleveland-Cliffs forecasts 2027 adjusted EBITDA above $4 billion and further Q4 debt reduction. The company plans to indefinitely idle Stelco's galvanizing lines in Canada, citing weak galvanized-steel market conditions while maintaining overall production tonnage. Cleveland-Cliffs previously announced a $1 billion Middletown Works investment supported by a $500 million U.S. government award, alongside other steelmaking expansion projects.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/620355559387608","repostId":0,"isVote":1,"tweetType":1,"viewCount":25,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1171,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/620355559387608"}