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20.10.25 - 12:06
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Cleveland-Cliffs Reports Third-Quarter 2025 Results (Business Wire)
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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2025.
Third-Quarter Consolidated Results
Steel shipments of 4.0 million net tons
Revenues of $4.7 billion
GAAP net loss of $234 million and Adjusted net loss1 of $223 million, or $0.45 per diluted share
Adjusted EBITDA2 of $143 million
Liquidity of $3.1 billion as of September 30, 2025
Third-quarter 2025 consolidated revenues were $4.7 billion, compared to $4.9 billion in the second quarter of 2025. For the third quarter of 2025, the Company recorded a GAAP net loss of $234 million and adjusted net loss1 of $223 million, or $0.45 per diluted share. This compares to a second quarter 2025 GAAP net loss of $473 million and adjusted net loss1 of $250 million, or $0.51 per diluted share.
For the third quarter of 2025, the Company reported Adjusted EBITDA2 of $143 million, compared to the Adjusted EBITDA2 of $94 million recorded in the second quarter of 2025.
Cliffs' Chairman, P...
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10.10.25 - 22:06
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Mesabi Trust Press Release (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution
The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-four cents ($0.34) per Unit of Beneficial Interest payable on November 20, 2025 to Mesabi Trust Unitholders of record at the close of business on October 30, 2025. This compares to a thirty-nine cents ($0.39) per Unit distribution declared for the same period last year.
The Trustees' announcement today of a thirty-four cents ($0.34) per Unit distribution, as compared to the thirty-nine cents ($0.39) per Unit distribution announced by the Trust at the same time last year, reflects consideration of a number of factors. In particular, the Trustees' current distribution determination reflects that the Trust received total royalty payments of $5,300,287 on July 30, 2025, from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”).
The Trustees' distribution decision announced today also reflects their determination to...
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