secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2026-02-09T23:59:59+00:00
Accession:  0000764065-26-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs reports Q4 net loss $235M, full-year loss $1.4B; 2026 guidance issued
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- Q4 2025 revenues $4.3B flat YoY; GAAP net loss $235M ($0.44/diluted share), adjusted loss $0.43.
- Full-year 2025 net loss $1.4B ($2.91/diluted), adjusted loss $2.48; Adjusted EBITDA $37M vs $773M in 2024.
- Steel shipments Q4 3.8M tons (down 1.5% YoY); average selling price $993/ton up 1.7% YoY.
- CEO cites weak automotive, expiring slab contract, Canadian headwinds; 2026 outlook improved.
- POSCO strategic partnership due diligence ongoing; targeting definitive agreement H1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000022/0000764065-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000022/clf-20260209.htm
  HTML page:      https://secwatch.observer/filing/0000764065-26-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer