Cleveland-Cliffs stock drops on $80 million Q1 energy cost [Yahoo! Finance Canada]
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 Canada
What's moving the stock: Shares fell after the company disclosed an unexpected $80 million energy cost in the first quarter, driven by the extreme cold snap that sent arctic temperatures sweeping across the US. CEO Lourenco Goncalves said the company typically locks in natural gas prices three days before each month begins. For February, that date happened to coincide with the peak of January pricing, Goncalves said. Even as gas prices have fallen since January, that drop has been partially offset by increased expenses elsewhere, Goncalves said. He cited the rising cost of fuel, which has jumped as the war in Iran has snarled global energy markets. What else you should know: Goncalves also said Monday that due to a run-up in steel prices and healthy demand from the US automotive sector, Cleveland-Cliffs is “no longer in a hurry” to close a long-planned deal with South Korea's POSCO Holdings ( “Our situation is getting better, and that's changing our perception of how this dea
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CLF
News
- Cleveland-Cliffs Q1 Earnings: A Mundane Report At A Time Of Uncertainty [Seeking Alpha]Seeking Alpha
- 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 shares fall as higher costs overshadow Q1 earnings beat [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