CENTRUS ENERGY CORP 8K

Centrus Energy reported Q2 2026 earnings with higher revenue but lower GAAP profit, secured major HALEU-related contracts and expansion projects, raised 2026 investment and hiring plans, and flagged funding and option risks related to its DOE HALEU Operation Contract backlog.

On August 5, 2026, Centrus Energy Corp. reported its second quarter 2026 results, highlighting a 14% year-over-year increase in revenue to $176.1 million but a decline in GAAP net income to $16.8 million from $28.9 million due mainly to higher SG&A and advanced technology costs, while non-GAAP adjusted net income rose to $38.7 million. The company announced a $900 million HALEU enrichment award contract with the U.S. Department of Energy, a first-of-a-kind large-scale commercial HALEU supply agreement that may include prepayments, and selection of Geiger Brothers as construction contractor for a major uranium enrichment plant expansion, helping grow contingent LEU and HALEU enrichment backlog to $3.0 billion and total backlog to $4.5 billion extending to 2040. Centrus updated its 2026 guidance, projecting full-year revenue of $450–$500 million and capital deployment of $350–$500 million tied to industrial build-out and centrifuge manufacturing, and raised hiring plans in Piketon, Ohio and Oak Ridge, Tennessee while targeting completion of its first new centrifuge in Oak Ridge by year-end 2026. The company also disclosed that its Technical Solutions backlog of about $0.8 billion is largely associated with the DOE HALEU Operation Contract, for which the proposed FY 2027 DOE budget does not include further operational funding and DOE has indicated it does not currently intend to exercise additional options, introducing risk to that portion of backlog.

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1065059

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Form

8K

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sec

Accession

0001628280-26-053433

Alert Tier

7