Cleveland-Cliffs guides 2027 EBITDA >$4B: ~63% above Q3 pace, ~$238/ton vs ~$146 now
Cleveland-Cliffs (CLF) reported Q3 results this morning: $612M adjusted EBITDA, its best quarter in three years, plus guidance of ~$715M for Q4 and over $4B for 2027. The stock is up ~13% premarket.
The 2027 number is what matters. $4B is about $1B a quarter, 63% above Q3's pace. At Q3's 4.2M tons a quarter that's ~$238 of EBITDA per ton vs ~$146 now.
Sources: @wallstengine: CLF Q3 revenue $5.61B (est. $5.72B), EPS $0.26 (est. $0.19), adj. EBITDA $612M, FY27 guide >$4B · @allday_stocks: $CLF +13% pre-market after earnings
Not financial advice. For informational and educational purposes only.
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