Cleveland Cliffs shares fall as higher costs overshadow Q1 earnings beat [Yahoo! Finance]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: Yahoo! Finance
Cleveland-Cliffs Inc. (NYSE:CLF) shares traded lower following the company's first quarter 2026 earnings release on Monday, even as the steelmaker reported results that beat analyst expectations for both revenue and earnings. The stock was down more than 5% in trading after the announcement, with investors weighing a smaller-than-expected loss against continued profitability pressures and cost volatility. For the first quarter of 2026, Cleveland-Cliffs reported revenue of $4.9 billion, exceeding Wall Street estimates of approximately $4.5 billion. The company also outperformed on earnings, posting an adjusted loss of $0.40 per share compared with analyst expectations for a wider loss of roughly $0.42 per share. Despite the earnings beat, sentiment was tempered by cost pressures. Cleveland-Cliffs said extreme cold weather during the quarter drove an $80 million spike in energy costs, weighing on profitability. The company's blast furnace operations are particularly exposed to
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CLF
News
- Cleveland-Cliffs stock drops on $80 million Q1 energy cost [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cleveland-Cliffs stock drops on $80 million Q1 energy cost [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs (CLF) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cleveland-Cliffs Q1 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Beats First-Quarter Forecasts as Loss Narrows; CEO Signals Profit Ahead [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/20/26 - Beat
CLF
Sec Filings
- 4/20/26 - Form 8-K
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- CLF's page on the SEC website