ArcelorMittal (NYSE:MT) Releases Quarterly Earnings Results

Key Points

• Q1 results: Reported EPS of $0.75 beat the $0.72 consensus but revenue missed at $15.46B versus $17.04B expected, and EPS declined from $1.05 a year earlier despite revenue rising 4.5% YoY.
• Stronger cash/operational outlook: Management cited EBITDA of $131/ton (up $15/ton YoY) with underlying free cash flow annualizing at >$2 billion and said EAF projects (Dunkirk, Sestao, Gijón) should deliver about €1.8 billion of incremental EBITDA from 2026, supported by favorable energy contracts and policy tailwinds (CBAM/TRQ).
• Near-term risks and market reaction: Imports, maintenance and high energy costs (notably in Ukraine) pressured Q1 EBITDA, the stock traded near $56.87 after the release, the company announced a $0.15 quarterly dividend (1.1% yield), and analysts' consensus is a "Hold" with an average target of $61.07.

ArcelorMittal (NYSE:MT - Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03, Zacks reports. ArcelorMittal had a net margin of 4.71% and a return on equity of 4.79%. The firm had revenue of $15.46 billion for the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis.

Here are the key takeaways from ArcelorMittal's conference call:

• EBITDA of $131/ton (up $15/ton YoY) and margins ~50% above historical averages, with underlying free cash flow (ex seasonal working capital and strategic CapEx) annualizing at >$2 billion, signalling materially stronger earnings power and cash generation potential.
• ArcelorMittal is advancing EAF projects (Dunkirk, Sestao, Gijón) that it says will deliver an incremental EUR 1.8 billion of EBITDA from 2026, supported by a competitive long‑term energy contract and government backing for Dunkirk.
• Management expects meaningful policy-driven upside in Europe as CBAM and the new Tariff‑Rate Quota (TRQ) from 1 July 2026 regionalize markets, reduce unfair imports, strengthen orderbooks and drive higher prices and Q2 EBITDA improvements.
• Near‑term headwinds remain: imports are still elevated into Q2 ahead of the TRQ, Q1 European production was hit by maintenance, and Ukraine’s high energy costs materially depressed Q1 EBITDA; broader energy volatility (Middle East) is an ongoing downside risk.
• Iron‑ore production and shipments are ramping toward full capacity (targeting ~18Mt shipments in H2) and Indian gas exposure is largely hedged, but mining profitability will be sensitive to steel prices, freight costs and seasonal logistics.

ArcelorMittal Stock Performance

Shares of MT stock traded down $0.34 on Friday, hitting $56.87. The company's stock had a trading volume of 2,023,120 shares, compared to its average volume of 1,519,022. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.36. The stock's 50 day moving average is $57.32 and its 200-day moving average is $50.24. ArcelorMittal has a fifty-two week low of $29.62 and a fifty-two week high of $67.60. The company has a market capitalization of $44.08 billion, a PE ratio of 13.87, a PEG ratio of 0.48 and a beta of 1.48.

ArcelorMittal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. ArcelorMittal's dividend payout ratio is 12.44%.

Hedge Funds Weigh In On ArcelorMittal

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of ArcelorMittal by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 18,386 shares of the basic materials company's stock valued at $838,000 after acquiring an additional 190 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of ArcelorMittal by 16.4% in the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the basic materials company's stock valued at $112,000 after acquiring an additional 346 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of ArcelorMittal by 6.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 7,143 shares of the basic materials company's stock valued at $326,000 after acquiring an additional 448 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of ArcelorMittal by 2.7% in the fourth quarter. Osaic Holdings Inc. now owns 18,027 shares of the basic materials company's stock valued at $822,000 after acquiring an additional 482 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of ArcelorMittal by 44.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 501 shares in the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: EU steel tariff increase could lift volumes and pricing in Europe, a potential near‑term boost to ArcelorMittal’s margins and production plans. ArcelorMittal Eyes Boost From EU's Doubled Steel Tariffs
• Positive Sentiment: Company highlighted record Liberian output and operational resilience, which supports raw‑material security and lowers unit costs — a constructive factor for medium‑term cash flow. Is Strong Q1 Resilience And Record Liberian Output Altering The Investment Case For ArcelorMittal
• Positive Sentiment: Wells Fargo raised its price target (from $60 to $61) while keeping an "equal weight" rating — a modest vote of confidence that offers limited upside from current levels. Wells Fargo price target update via Benzinga
• Neutral Sentiment: Q1 earnings call/transcript shows management pointing to volume resilience and cost actions but acknowledging market headwinds; watch for commentary on spreads and guidance in the full transcript. ArcelorMittal S.A. (MT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts and sites (Zacks) dug into Q1 metrics — revenue grew year‑over‑year but margins and some KPIs show mixed signals; useful for model updates but not a clear direction. Here's What Key Metrics Tell Us About ArcelorMittal (MT) Q1 Earnings
• Negative Sentiment: Revenue missed expectations (reported ~$15.46B vs. ~$17.04B consensus) and net profit/earnings declined versus the prior year (EPS down to $0.75 from $1.05), raising concerns about margin pressure and demand softness. ArcelorMittal Q1 2026 results press release
• Negative Sentiment: Market reaction reflects investor worry that weaker-than-expected top‑line and continuing profit slide could limit near‑term multiple expansion despite operational positives. MarketBeat Q1 coverage

Analyst Upgrades and Downgrades

MT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ArcelorMittal in a report on Friday, February 6th. Citigroup reaffirmed a "buy" rating on shares of ArcelorMittal in a research report on Friday, February 13th. JPMorgan Chase & Co. cut ArcelorMittal from an "overweight" rating to an "underweight" rating in a report on Monday, March 9th. Oddo Bhf raised ArcelorMittal from a "neutral" rating to an "outperform" rating in a report on Wednesday, January 14th. Finally, KeyCorp initiated coverage on ArcelorMittal in a report on Wednesday, March 25th. They set a "sector weight" rating for the company. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $61.07.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world's largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal's operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.