Centrus Energy Corp. Earnings Recaps
Q2 2026
Aug 8, 2026
Centrus shares rose modestly by 2.0% following Q2 results that showed steady execution and growing backlog but lacked a clear catalyst to drive a stronger market response.
Key takeaways
- Reported Q2 revenue of $176.1 million with gross profit of $49.9 million and operating income of $10.4 million.
- Adjusted net income was $38.7 million, translating to adjusted diluted EPS of $1.77.
- Backlog grew to $4.5 billion, with $3.7 billion from LEU and $0.8 billion from Technical Solutions segments, reflecting solid order momentum.
- Signed a $900 million DOE task order supporting commercial-scale production capacity expansion, marking a key transition from demonstration to commercial readiness.
- Completed HALEU production requirements under the DOE contract two weeks ahead of schedule, with near-term plans to commercialize existing HALEU cascade operations.
Q1 2026
May 7, 2026
Centrus Energy’s Q1 results prompted little market reaction, with the stock unchanged at +0.1%, reflecting a quarter of moderate revenue and backlog progress but limited operating income expansion and an uncertain near-term outlook in government procurement.
Key takeaways
- Revenue reached $76.7 million with gross profit at $31.5 million, but operating income was minimal at $0.8 million.
- Adjusted net income was $23.5 million, translating to adjusted diluted EPS of $1.05.
- Backlog totaled $3.9 billion extending through 2040, split between $3.1 billion in LEU and $0.8 billion in Technical Solutions, including $700 million of broker-dealer backlog.
- The company secured a $900 million Department of Energy HALEU enrichment award, pending final negotiation, with potential to exceed $1 billion.
- A $560 million expansion investment is underway with new partnerships aimed at cost reduction and operational efficiencies, though progress remains in early stages.
Q3 2025
Nov 8, 2025
Centrus Energy reported $74.9 million in revenue for Q3 2025, with a net income of $3.9 million, reflecting strong year-to-date performance and strategic developments ahead of growth opportunities.
Key takeaways
- Year-to-date net income reached $60 million, significantly up from $19.5 million a year ago, signaling robust progress.
- Successful closure of an oversubscribed convertible senior note transaction boosted unrestricted cash to over $1.6 billion, enhancing financial flexibility.
- Secured waivers from the DOE for continued LEU imports, reducing operational risk for future transactions with U.S. customers.
- Launched a $1 billion at-the-market fundraising program to support planned industrial expansion.
- Engaged in strategic partnerships, including an agreement with KHNP and POSCO International to enhance enrichment capacity, underscoring growing market interest.