---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-26-000067"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:25:35.608218+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs Q1 net loss $229M; revenue $4.9B; adj EBITDA $95M with $80M weather hit

## Summary
- GAAP net loss of $229M ($0.42/diluted); adjusted net loss $0.40/diluted.
- Revenue $4.9B (up from $4.6B Q1 2025); steel shipments 4.1M net tons (+338K QoQ).
- Adj EBITDA $95M includes $80M one-time cold weather energy cost impact.
- Average steel selling price $1,048/ton; hot-rolled 44% of product mix.
- FY 2026 guidance reaffirmed: 16.5-17.0M tons shipment, capex ~$700M.

## SEC filing metadata
- accession: 0000764065-26-000067
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406526000067/0000764065-26-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406526000067/clf-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-26-000067
- JSON: https://secwatch.observer/filing/0000764065-26-000067.json
- Plain text: https://secwatch.observer/filing/0000764065-26-000067.txt

## Key facts
- Earnings Releases
  CLEVELAND-CLIFFS INC. reported first quarter for the quarter ended March 31, 2026 results: revenue $4.9 billion, net income GAAP net loss of $229 million, or $0.42 per diluted share. Guidance reaffirmed.
  - Period: first quarter for the quarter ended March 31, 2026
  - Revenue: $4.9 billion
  - Net income: GAAP net loss of $229 million, or $0.42 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: for the period ended March 31, 2026. First-Quarter Consolidated Results • Steel shipments of 4.1 million net tons, a 338,000 increase from the prior quarter • Revenues of $4.9 billion, a $600 million increase from the prior quarter • GAAP net loss of $229 million, or $0.42 per diluted share • Adjusted EBITDA 2 of $95 million, inclusive of an $80 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/764065/000076406526000067/0000764065-26-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.