secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0000764065-26-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000067/0000764065-26-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000067/clf-20260420.htm
  HTML page:      https://secwatch.observer/filing/0000764065-26-000067

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