earnings
confidence high
sentiment positive
materiality 0.70
Cleveland-Cliffs Q3 GAAP net loss $234M, adjusted EBITDA $143M, guides lower capex
CLEVELAND-CLIFFS INC.
2025-Q3 EPS reported
-$2.49
revenue$14,297,000,000
- GAAP net loss $234M ($0.45/diluted); adjusted net loss $223M; revenues $4.7B.
- Adjusted EBITDA $143M vs $94M in Q2; steel shipments 4.0M net tons.
- Average steel selling price $1,032/ton; cash margin $205M.
- FY2025 capex guided to ~$525M (from $600M); SG&A ~$550M (from $575M).
- Entered MoU with major global steel producer; rare earths potential at Michigan/Minnesota.