CENTRUS ENERGY CORP

Centrus Energy Corp. announced a definitive contract with X-energy, LLC to provide enrichment services for Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). This supply is intended to power X-energy's initial Xe-100 small modular reactors and TRISO-X fuel deployments, with deliveries expected to commence in 2030 from Centrus' American Centrifuge Plant in Ohio. The agreement includes prepayments from X-energy, supporting Centrus' domestic commercial enrichment capacity program and further strengthening the U.S. nuclear fuel supply chain.

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.

Centrus Energy Corp. reported strong operational and adjusted financial performance for Q2 2026, with revenue increasing to $176.1 million and adjusted net income rising to $38.7 million. The company secured a significant $900 million HALEU enrichment contract with the DOE and expanded its total backlog to $4.5 billion. Despite a decrease in GAAP net income to $16.8 million due to increased growth-related expenses, Centrus is progressing with its expansion projects and raised its 2026 hiring guidance.

Centrus Energy Corp. announced that its wholly-owned subsidiary, American Centrifuge Operating, LLC, signed a $900 million firm fixed-price contract with the U.S. Department of Energy. This agreement is for establishing new domestic commercial High-Assay, Low-Enriched Uranium (HALEU) enrichment capacity at its Piketon, Ohio facility. Including options, the total contract value exceeds $1 billion, marking a significant transition from demonstration to commercial-scale HALEU production and supporting a multi-billion-dollar capacity expansion.

Centrus Energy Corp. extended its Section 382 Rights Agreement through June 30, 2029, with stockholder approval at its annual meeting. This amendment is designed to preserve the company's substantial net operating loss carryforwards (NOLs) for federal income tax purposes and increased the preferred stock purchase price. Additionally, the company appointed Yanhong Dai as its principal accounting officer, effective June 18, 2026, while Todd M. Tinelli remains CFO.

Centrus Energy Corp. announced a non-binding letter of intent (LOI) with Oklo, Inc. for Centrus to supply high-assay, low-enriched uranium (HALEU) from its Piketon, Ohio facility. Deliveries are scheduled to begin in 2029, intended to fuel Oklo's planned 1.2 gigawatt power campus in southern Ohio, which could include up to five Aurora powerhouses. The LOI anticipates a definitive agreement and may include prepayments from Oklo, supporting significant private clean energy investment and job creation in the region.

Centrus Energy Corp. reported a significant decrease in net income and operating income for the first quarter of 2026, despite a slight increase in total revenue. Net income fell to $10.0 million from $27.2 million year-over-year, primarily due to a substantial rise in advanced technology costs. The company also announced an engineering, procurement, and construction contract with Fluor for the commercial expansion of LEU and HALEU production capabilities in Piketon, Ohio, and updated on its HALEU Operation Contract with the DOE.

Centrus Energy Corp. reported Q1 2026 revenue of $76.7 million, a 5% increase year-over-year, while GAAP net income decreased to $10.0 million due to increased advanced technology costs and a prior-year debt extinguishment gain. The company raised its full-year 2026 revenue guidance to $450 million-$500 million, reflecting strong commercial progress and strategic initiatives. Centrus also announced significant operational advancements, including a multi-year investment to expand centrifuge manufacturing, new partnerships with Fluor and Palantir, and identified cost savings of approximately $300 million.

Centrus Energy Corp. will hold its Annual Meeting of Stockholders virtually on June 18, 2026, to vote on six director nominees, executive compensation, an amendment for officer exculpation, the Section 382 Rights Agreement, and auditor ratification. The company also highlighted recent management appointments, including Patrick Brown as SVP, Field Operations and Todd Tinelli as CFO in August 2025, and re-established financial, operational, and capital spend guidance following shareholder engagement.