C

Centrus Energy Corp
F:4CU

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Centrus Energy Corp
F:4CU
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Price: 154 EUR -6.38% Market Closed
Market Cap: €2.5B

Centrus Energy Corp
Investor Relations

Centrus Energy sells nuclear fuel and related services to power plants and government customers. It buys natural uranium, enriches it into low-enriched uranium, and supplies that fuel to reactors that generate electricity. It also provides technical services and equipment tied to uranium enrichment and fuel cycle work. Its main customers are nuclear utilities, reactor operators, and government agencies that need reliable fuel for civilian and national security uses. Centrus makes money by selling enriched uranium, related nuclear fuel products, and specialized services and technology support. The company sits in a narrow part of the nuclear supply chain, where customers need long-term contracts, strict quality control, and a dependable fuel source. What makes the business different is that it is not a reactor owner or a general fuel distributor. It is a specialist in the front end of the nuclear fuel cycle, where uranium is turned into usable reactor fuel. That gives Centrus a role as a supplier to the nuclear power industry rather than a direct seller of electricity.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Results: Centrus reported second-quarter revenue of $176.1 million, with net income of $16.8 million and diluted EPS of $0.77, and said results were in line with internal projections.

Backlog: Backlog grew to $4.5 billion through 2040, helped by stronger LEU and HALEU order momentum and new commercial agreements.

HALEU: The company highlighted new HALEU commitments, including the X-energy agreement, and said prepayments from these contracts can provide nondilutive funding for expansion.

Build-out: Centrus said it completed all HALEU production requirements under its DOE demo contract ahead of schedule and expects the first centrifuge at Oak Ridge to be completed in 2026.

Guidance: Full-year 2026 revenue guidance was reaffirmed at $450 million to $500 million, while Piketon workforce additions were raised to over 175 from over 100.

Market: Management said uranium enrichment remains a seller’s market, with LEU pricing still climbing and customer demand outpacing supply, especially toward the end of the decade.

Key Financials
Revenue
$176.1 million
Gross profit
$49.9 million
Operating income
$10.4 million
Net income
$16.8 million
Diluted EPS
$0.77
Adjusted net income
$38.7 million
Adjusted diluted EPS
$1.77
Backlog
$4.5 billion
LEU backlog
$3.7 billion
Technical Solutions backlog
$0.8 billion
Contingent LEU and HALEU enrichment sales backlog
$3 billion
Broker-dealer backlog
$0.7 billion
Total capital spend
$82.2 million
CapEx
$71.6 million
Non-CapEx
$10.6 million
Unrestricted cash
$1.9 billion
ATM proceeds
$53.9 million
Piketon workforce additions
over 175 net new employees
Oak Ridge hiring
at least 100 net new employees
Supplier contracts
approximately 75% of critical suppliers contracted
HALEU production
nearly 2 metric tons of HALEU UF6
Other Earnings Calls

Management

Mr. Kevin J. Harrill
Senior VP, CFO, Treasurer, Controller & Chief Accounting Officer
No Bio Available
Mr. Shahram Ghasemian
Senior VP, General Counsel, Chief Compliance Officer & Corporate Secretary
No Bio Available
Mr. John M. A. Donelson
Senior VP & Chief Marketing Officer
No Bio Available
Mr. Larry B. Cutlip
Senior VP of Field Operations & President of American Centrifuge Operating, LLC
No Bio Available
Mr. Amir V. Vexler
President, CEO & Director
No Bio Available
Mr. Neal Nagarajan
Senior VP & Head of Investor Relations
No Bio Available
Mr. Dan Leistikow
Vice President of Corporate Communications
No Bio Available
Mr. Richard V. Rowland
VP & Chief Human Resource Officer
No Bio Available
Mr. Andrew Ginsburg
Associate Director
No Bio Available

Contacts

Address
MARYLAND
Bethesda
6901 Rockledge Dr, Suite 800
Contacts
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