United States Steel Corporation - X STOCK NEWS

United States Steel Corporation (NYSE:X) will release its financial results for Q3 2022 on October 27, 2022, post-market close. A webcast for stockholders and investors is scheduled for October 28, 2022, at 8:30 a.m. ET, discussing the financial results and offering company updates. Ahead of the webcast, investors can submit questions via Say Technologies, which will be addressed during the call. The company focuses on safety and innovation within the steel industry, serving several sectors with advanced high-strength steel products.

United States Steel Corporation (NYSE: X) has announced an additional $500,000 contribution to the Carnegie One Capital Campaign, totaling $1 million. This campaign aims to raise $18 million for comprehensive renovations of the Braddock Carnegie Library, which include a performance hall and a gymnasium. Pennsylvania has also invested $1 million from state funds. CEO David Burritt emphasized this commitment as an investment in the community, aiming to enhance local engagement and literacy through initiatives like the Reading Champions program.

United States Steel Corporation (NYSE: X) has projected adjusted EBITDA of approximately $825 million for Q3 2022. Expected adjusted net earnings per diluted share range from $1.90 to $1.95. The company highlights its strong position with over $3 billion in debt repayment and ongoing project advancements. However, it acknowledges market headwinds impacting the Flat-rolled and Mini Mill segments, leading to lower shipment volumes and reduced average selling prices. Despite these challenges, the Tubular segment is anticipated to experience earnings growth.

U.S. Steel Corporation (NYSE: X) has donated $1 million to enhance community infrastructure and services in Osceola and Mississippi County, Arkansas. Key initiatives include a $425,000 grant for relocating the emergency room of the South Mississippi County Regional Medical Center, and $405,000 for new equipment for local police and firefighters. Additional funding supports youth programs and community foundations. U.S. Steel emphasizes its commitment to community development alongside business growth following its acquisition of Big River Steel.

United States Steel Corporation (NYSE:X) has closed $290 million in unsecured green bonds for environmentally friendly projects. The funds will be used for the development of sustainable facilities, including the construction of the Big River 2 steelmaking plant in Arkansas, set to be completed in 2024. The company also repurchased $300 million of debt at a discount, saving approximately $5 million in annual cash interest and extending debt maturity by two years. These actions are part of U.S. Steel's strategy to reduce greenhouse gas emissions while strengthening its financial position.

United States Steel Corporation and its subsidiaries have announced the early results of their tender offers for up to $300,000,000 in securities, now increased to $300,859,000. The offers include the 6.875% Senior Notes due 2029, 6.650% Senior Notes due 2037, and 6.625% Senior Secured Notes due 2029. As of the early tender date on August 30, 2022, a total of $350,529,000 of Securities was tendered, with acceptance priority levels influencing the final amounts accepted. The early settlement date is expected on September 1, 2022.

United States Steel Corporation (NYSE: X) and its subsidiaries have announced tender offers to purchase up to $300 million in aggregate principal amount of specific senior notes, including:

• 6.875% Senior Notes due 2029
• 6.650% Senior Notes due 2037
• 6.625% Senior Secured Notes due 2029

The tender offers will expire on September 14, 2022, unless extended. Holders are urged to review the Offer to Purchase dated August 17, 2022, for detailed terms.