ArcelorMittal Reports Q3 2026 Earnings with Significant EBITDA Growth
ArcelorMittal reported strong third-quarter 2026 financial results, highlighted by an EBITDA of $2.0 billion, a 34% increase year-over-year. This growth was driven by portfolio optimization and structural margin improvements, resulting in an EBITDA per tonne of $155. Adjusted net income rose to $868 million from $683 million in the previous quarter, while adjusted basic EPS increased to $1.15. The company faced significant headwinds in Ukraine, incurring $1.1 billion in impairments and exceptional charges following the decision to idle the ArcelorMittal Kryvyi Rih facility due to missile strikes. Despite this, regional performance remained varied; Brazil saw a 26.2% EBITDA increase, while the mining segment declined due to lower market prices and higher freight costs. Looking ahead, management expects double-digit year-over-year growth in European flat steel shipments for the fourth quarter as inventory levels normalize. The company maintains a strong liquidity position of $8.7 billion and continues to invest heavily in strategic growth projects, which are expected to contribute significantly to annual EBITDA from 2026 onwards.
Tickers: $MT
Topics: Debt EBITDA Net Income Steel Shipments Tariffs