Cleveland-Cliffs Q2 FY26 adjusted EBITDA more than doubled to $286 million; revenue rises to $5.2 billion

Reuters2026/07/23 10:05

By:Reuters

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Cleveland-Cliffs posted a Q2 2026 GAAP net loss of USD 134 million, narrowing from a USD 229 million loss in Q1.
Revenue rose to USD 5.2 billion, up USD 300 million from Q1; adjusted EBITDA climbed to USD 286 million, up USD 191 million.
Operating cash flow improved to USD 230 million; liquidity totaled USD 3.1 billion at June 30.
Steel product sales volumes were 4,025,000 net tons; average net selling price was USD 1,124 per net ton.
Q3 adjusted EBITDA is expected to be about USD 575 million; CEO Lourenco Goncalves sees further earnings improvement into Q4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cleveland-Cliffs Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607230600BIZWIRE_USPR_____20260723_BW244749) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cleveland-Cliffs Q2 FY26 adjusted EBITDA more than doubled to $286 million; revenue rises to $5.2 billion

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