Cleveland-Cliffs Reports Q1 2026 Earnings with Strong EBITDA Growth and Pricing Improvements
Cleveland-Cliffs (CLF) reported Q1 2026 earnings with a significant increase in adjusted EBITDA to $95 million, driven by higher pricing and increased shipments. However, the company faced a one-time energy cost impact of $80 million, and expects rising costs in Q2 due to scheduled outages and fuel expenses.
Topics: EBITDA energy costs free cash flow selling price shipments