Quarterly ResultAug 6, 2026, 07:52 AM
Centrus Energy Q2 Net Income Down 52%; HALEU Contract & Expansion
AI Summary
Centrus Energy Corp. reported a significant decrease in net income and EPS for the six months ended June 30, 2026, with net income falling 52.2% to $26.8 million and basic EPS dropping 58.1% to $1.35. Despite this, total revenue increased 11.1% to $252.8 million. The company also announced key developments in its HALEU program, with the DOE exercising Option 1a and Option 1b of the HALEU Operation Contract, and entered into an EPC Contract for the commercial expansion of LEU and HALEU production capabilities.
Key Highlights
- Net income for the six months ended June 30, 2026, decreased 52.2% to $26.8 million.
- Basic EPS for the six months ended June 30, 2026, decreased 58.1% to $1.35.
- Total revenue for the six months ended June 30, 2026, increased 11.1% to $252.8 million.
- DOE exercised Option 1a and Option 1b for the HALEU Operation Contract.
- Centrus entered an EPC Contract for commercial LEU and HALEU production expansion.
- Cash used in operating activities was $(16.7) million for the six months ended June 30, 2026.
- Capital expenditures increased to $(94.8) million for the six months ended June 30, 2026.
Price Impact
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