Every material Form 8-K Cleveland-Cliffs filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cleveland-Cliffs reported third-quarter 2026 revenues of $5.6 billion, up from $5.2 billion in the second quarter, and GAAP net income of $165 million, or $0.26 per diluted share, compared with a second-quarter net loss of $134 million. The company also said it expects fourth-quarter adjusted EBITDA of about $715 million and 2027 adjusted EBITDA above $4 billion, and it will indefinitely idle its Stelco galvanizing lines.
Q3 adjusted EBITDA was $612 million, up from $286 million in Q2 2026 and above the $575 million guidance given three months earlier
Fourth-quarter 2026 adjusted EBITDA is expected to be approximately $715 million
2027 adjusted EBITDA is expected to exceed $4 billion, based on new contracts and prevailing index price forecasts
Liquidity was $3.2 billion as of September 30, 2026; Stelco's galvanizing lines are idled indefinitely
Cleveland-Cliffs' Board appointed Executive Vice President and CFO Celso Goncalves as President and CFO, effective immediately, and added him to the Board. Chairman and CEO Lourenco Goncalves keeps his CEO role but gives up the title of President. Celso Goncalves is Lourenco Goncalves' son, and his base salary rises to $1,000,000 from $884,000.
Celso Goncalves named President and Chief Financial Officer effective July 21, 2026, and appointed to the Board
Lourenco Goncalves remains Chairman and CEO and no longer holds the title of President
Base salary increased from $884,000 to $1,000,000; change-in-control severance continuation period raised from two to three years
Celso Goncalves is the son of Chairman and CEO Lourenco Goncalves
Cleveland-Cliffs reported second-quarter 2026 results with revenue of $5.2 billion, up from $4.9 billion a year earlier and $4.9 billion in the first quarter. The company still posted a GAAP net loss of $134 million, or $0.25 per diluted share, though that was smaller than the $473 million loss in the year-earlier quarter and the $229 million loss in the first quarter of 2026. The company also expects third-quarter 2026 adjusted EBITDA of approximately $575 million.
Q2 2026 adjusted EBITDA was $286 million, up from $95 million in Q1 2026.
GAAP net loss was $134 million ($0.25 per diluted share); adjusted net loss was $115 million ($0.20 per diluted share).
Third-quarter 2026 adjusted EBITDA is expected to be approximately $575 million.
Full-year 2026 guidance for steel shipments, capital expenditures, SG&A, DD&A and pension payments was maintained; liquidity was $3.1 billion as of June 30, 2026.
Cleveland-Cliffs reported first-quarter 2026 results on April 20, 2026, with revenue of $4.9 billion and a GAAP net loss of $229 million, or $0.42 per diluted share. Both figures improved from the first quarter of 2025, but the company still posted a loss and cited an $80 million one-time energy cost from cold weather. The company maintained its previously guided full-year 2026 outlook.
Revenue of $4.9 billion, up from $4.6 billion in Q1 2025 and $4.3 billion in Q4 2025
GAAP net loss of $229 million, or $0.42 per diluted share, versus $486 million, or $1.01 per share, in Q1 2025
Adjusted EBITDA of $95 million, including an $80 million negative one-time energy cost impact; Q1 2025 was a loss of $179 million
Full-year 2026 outlook maintained, including steel shipments of 16.5-17.0 million net tons and capital expenditures of approximately $700 million
Cleveland-Cliffs said Lead Director Douglas C. Taylor resigned from the Board, and the Board accepted the resignation effective immediately on February 22, 2026. The company said the resignation was not due to any disagreement and was required under its governance guidelines after a change in Taylor's primary occupation, position or business affiliation. The Board filled his roles by appointing Ralph S. Michael, III as Lead Director and Edilson T. Camara as Chairman of the Compensation and Organization Committee.
Douglas C. Taylor resigned as a Board member on February 19, 2026; the Board accepted it effective immediately on February 22, 2026
Company says the resignation was not due to any disagreement on operations, policies or practices
Ralph S. Michael, III appointed Lead Director and Edilson T. Camara named Chairman of the Compensation and Organization Committee, both on February 22, 2026
Cleveland-Cliffs reported a fourth-quarter 2025 GAAP net loss of $235 million, or $0.44 per diluted share, narrower than the $434 million loss a year earlier. For full-year 2025, the net loss widened to $1.4 billion from $714 million in 2024, and revenue fell to $18.6 billion from $19.2 billion. The company also gave 2026 expectations and said it is targeting a definitive agreement with POSCO in the first half of 2026.
Q4 2025 GAAP net loss of $235 million, or $0.44 per diluted share, versus $434 million, or $0.92 per diluted share, in Q4 2024
Q4 2025 revenues of $4.3 billion, flat with the prior-year fourth quarter
Full-year 2025 GAAP net loss of $1.4 billion, or $2.91 per diluted share, versus $714 million, or $1.58 per diluted share, in 2024
Company is targeting a definitive agreement with POSCO in the first half of 2026
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cleveland-Cliffs filing is on SEC EDGAR ↗. 8-K briefs of other companies →