Cleveland-Cliffs (NYSE: CLF) lifts Q1 2026 revenue but remains in loss
Cleveland-Cliffs (NYSE: CLF) reported a narrower net loss of $229 million in Q1 2026, an improvement from $486 million in Q1 2025, with revenues rising 6% to $4.922 billion due to higher steel prices and a better sales mix. Despite improved Steelmaking Adjusted EBITDA, the company remained unprofitable, experiencing negative cash flow from operations and an increase in long-term debt. The company highlighted strong domestic HRC pricing and favorable trade measures for the U.S. steel industry, while also outlining strategic initiatives like operational efficiency improvements through AI, footprint optimization, and exploring non-core asset sales.
https://www.stocktitan.net/sec-filings/CLF/10-q-cleveland-cliffs-inc-quarterly-earnings-report-106203e067f2.html