Cleveland-Cliffs (NYSE: CLF) reported Q2 EPS of ($0.50), $0.21 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.85 billion.

Outlook

The Company updated previously guided expectations for the full-year 2025, as follows:

Capital expenditures of approximately $600 million, from its previous expectation of $625 million
Selling, general and administrative expenses of approximately $575 million, from its previous expectation of approximately $600 million
Steel unit cost reductions maintained at a reduction of approximately $50 per net ton compared to 2024
Depreciation, depletion and amortization of approximately $1.2 billion, from its previous expectation of approximately $1.1 billion, primarily due to accelerated depreciation from idled facilities
Cash Pension and OPEB payments and contributions maintained at approximately $150 million

For earnings history and earnings-related data on Cleveland-Cliffs (CLF) click here.