Centrus Energy Corporation (LEU)

Centrus Reports First Quarter 2026 ResultsMay 5, 2026 4:35 PM
PR Newswire (US) Revenue of $76.7 million, compared to revenue of $73.1 million in Q1 2025GAAP net income of $10.0 million compared to GAAP net income of $27.2 million in Q1 2025Non-GAAP adjusted net income (1) of $23.5 million, compared to non-GAAP adjusted net income(1) of $28.6 million in Q1 2025Launched multi-year investment in Oak Ridge, Tennessee, to expand and accelerate centrifuge manufacturing programSigned strategic collaboration with Fluor to oversee engineering, design, project management, supply chain activities, and procurement of key materials and services on plant expansionPartnered with Palantir to leverage its artificial intelligence platform; early work identified ~$300 million in potential costs savings and additional improvements expected to reduce manufacturing lead times and accelerate expansion's timetableExploring joint-venture with Oklo focused on deconversion services for high-assay, low-enriched uranium (HALEU)Raising full year 2026 revenue guidance based on commercial progressBETHESDA, Md., May 5, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus" or the "Company") today reported first quarter 2026 results. The Company reported net income of $10.0 million for the three months ended March 31, 2026, which is $0.51 (basic) and $0.45 (diluted) per common share. This translates to adjusted net income(1) of $23.5 million for the three months ended March 31, 2026, which is adjusted EPS(1) of $1.19 (basic) and $1.05 (diluted) per common share. "The first quarter was marked by numerous wins and great operational progress as we accelerated our drive to restore America's ability to enrich uranium at scale, including securing historic federal funding and launching a major expansion of our centrifuge manufacturing plant," said Centrus President and CEO Amir Vexler."We have now switched to full execution mode to accelerate our build-out while building a best-in-class partnership network, including Palantir, Fluor, and Geiger Brothers, as part of our day-one focus to reduce costs and bring in lead times. We've already identified approximately $300 million in cost reductions as well as opportunities to both reduce manufacturing lead times and accelerate our timetable. Going forward we will continue to unleash our network's full capabilities, including Palantir's leading artificial intelligence platform, to unlock more efficiency gains."Our expansion is well timed. Global conflicts and rising tensions continue to highlight the need to diversify away from fossil fuels towards domestic power sources to drive future sustainable economic growth."(1)A reconciliation of non-GAAP results are detailed in the Financial Results section. Additional information can be found in the materials on the Centrus investor relations website at https://investors.centrusenergy.com.Financial ResultsCentrus generated total revenue of $76.7 million and $73.1 million for the three months ended March 31, 2026 and 2025, respectively, an increase of $3.6 million (or 5%).Revenue from the LEU segment was $44.6 million and $51.3 million for the three months ended March 31, 2026 and 2025, respectively, a decrease of $6.7 million (or 13%). Separative work units (SWU) revenue decreased by $9.7 million as a result of a 47% decrease in the volume of SWU sold, partially offset by a 52% increase in the average price of SWU sold. The Company had uranium revenue of $3.0 million for the three months ended March 31, 2026.Revenue from the Technical Solutions segment was $32.1 million and $21.8 million for the three months ended March 31, 2026 and 2025, respectively, an increase of $10.3 million (or 47%). The increase in revenue was primarily attributable to a $9.8 million increase in revenue generated by the HALEU production contract with the Department of Energy ("DOE") signed in 2022 ("HALEU Operation Contract"), while the remaining change was generally related to other contracts. Revenue from the HALEU Operation Contract is recorded on a cost-plus-incentive-fee basis and includes a target fee for Phases 2 and 3 of the contract.Cost of sales for the LEU segment was $16.7 million and $20.1 million for the three months ended March 31, 2026 and 2025, respectively, a decrease of $3.4 million (or 17%). SWU costs decreased as a result of a 47% decrease in the volume of SWU sold, partially offset by a 45% increase in the average unit cost of SWU sold. Uranium costs increased primarily as a result of an increase in the volume of uranium sold.Cost of sales for the Technical Solutions segment was $28.5 million and $20.1 million for the three months ended March 31, 2026 and 2025, respectively, an increase of $8.4 million (or 42%). The increase was primarily attributable to an $8.2 million increase in costs incurred under the HALEU Operation Contract, while the remaining change was generally attributable to other contracts.The Company recognized gross profit of $31.5 million and a gross profit of $32.9 million for the three months ended March 31, 2026 and 2025, respectively, a decrease of $1.4 million (or 4%).Gross profit for the LEU segment was $27.9 million and $31.2 million for the three months ended March 31, 2026 and 2025, respectively, a decrease of $3.3 million (or 11%). LEU customers generally have multi-year contracts that carry annual purchase commitments, not quarterly commitments. The gross profit in our LEU business varies based upon the timing of those contracts. The pricing applied to deliveries varies depending upon the market conditions at the time the contract was signed. The increase for the three months ended March 31, 2026 was primarily due to the composition of contracts in the current quarter, compared to the prior quarter.Gross profit for the Technical Solutions segment was $3.6 million and $1.7 million for the three months ended March 31, 2026 and 2025, respectively, an increase of $1.9 million (or 112%). Because of the delay in completing Phase 2 of the HALEU Operation Contract, DOE extended the Phase 2 period of performance through October 31, 2025. Costs incurred subsequent to November 2024 have not yet been subject to a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation.Net income was $10.0 million and $27.2 million for the three months ended March 31, 2026 and 2025, respectively, a decrease of $17.2 million (or 63%). The decrease was primarily attributable to an increase in advanced technology costs of $15.9 million and a decrease in extinguishment of long-term debt of $11.8 million. This decrease was partially offset by an increase of $9.7 million in investment income and a decrease of $5.5 million in income tax expense.BacklogThe Company's backlog across both segments is $3.9 billion as of March 31, 2026 and extends to 2040. Our LEU segment backlog as of March 31, 2026 is approximately $3.1 billion. The LEU backlog is the estimated aggregate dollar amount of revenue for future SWU and uranium deliveries primarily under medium and long-term contracts with fixed commitments and approximately $2.4 billion in contingent LEU sales commitments, all of which are under definitive agreements, in support of potential construction of LEU production capacity at the Piketon, Ohio facility. The contingent LEU sales commitments also depend on our ability to secure substantial public and private investment. Our Technical Solutions segment backlog is approximately $0.8 billion as of March 31, 2026, and includes both funded amounts (services for which funding has been both authorized and appropriated by the customer), unfunded amounts (services for which funding has not been appropriated), and unexercised options.2026 OutlookThe Company is updating some of its financial and operational guidance for the full-year 2026 based on information available to the Company at the time of this release.Financial 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects:Upward revised total revenue to be in the range of $450 million to $500 million from $425 million to $475 millionTotal capital deployment to be in the range of $350 million to $500 million, driven by increased investment in the Company's industrial build out related to its centrifuge manufacturingOperational 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects to:Finalize contracts with all partners identified as critical to its industrial build outAt least 100 net new employee hires for Oak Ridge, Tennessee, facilityAt least 100 net new employee hires for Piketon, Ohio, facility up from 50 net new employee hiresRelease of a Certified for Construction packageThe Company's 2026 guidance is subject to a number of assumptions and uncertainties that could affect results either positively or negatively. Variations from these expectations could cause differences between this guidance and the ultimate results. This includes the assumption of no significant change in restrictions in our ability to receive and sell Russian LEU or other uranium products, no significant economic disruptions or downturns, the successful implementation of our planned expansion projects, including the finalization and funding of the DOE $900 million task order, and that current business operations will continue on an ongoing basis.About Centrus Energy Corp.Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities,?Centrus?is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Forward-Looking Statements:This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may be exacerbated by any worsening of the global business and economic environment, including but not limited to, risks and uncertainties related to the following:the war in Ukraine and other geopolitical conflicts, including the resulting bans, laws, tariffs, sanctions or other government measures, and actions by third parties, including contractual counterparties, as a result of such conflicts that could directly or indirectly impact our ability to obtain, deliver, transport, sell or collect payment for, LEU or the SWU and natural uranium hexafluoride components of LEU;our reliance on third party suppliers to provide essential products and services to us;restrictions on imports and exports, including those imposed under the RSA, and related international trade legislation;our lease to our facility in Piketon, Ohio and our government contracts, including related to government shutdowns, changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations;our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof;our ability to obtain new contracts or funding to be able to continue operations;whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level;the impact and potential extended duration of a supply/demand imbalance in the market for LEU;significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are;limitations on our ability to compete in foreign markets;pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU;our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee;our ability to successfully integrate artificial intelligence technologies into our operations;natural and other disasters;pandemics and other health crises;the fact that our revenue is largely dependent on our largest customers and our sales backlog;our long-term liabilities, including our postretirement health and life benefit obligations, our 0% Convertible Notes and our 2.25% Convertible Notes;failures or security, including cybersecurity, breaches of our information technology systems; andthe impact of, or changes to, government regulation and policies or interpretation of laws or regulations, including by the U.S. Securities and Exchange Commission, the DOE, the U.S. Department of Commerce, and the U.S. Nuclear Regulatory Commission.Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.Contacts:Investors: Neal Nagarajan at NagarajanNK@centrusenergy.com   
Media: Dan Leistikow at LeistikowD@centrusenergy.comCENTRUS ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited; in millions, except share and per share data) 
Three Months Ended
March 31,
2026
2025Revenue:


Separative work units$                       41.6
$                       51.3Uranium3.0
—Technical solutions32.1
21.8Total revenue76.7
73.1Cost of Sales:


Separative work units and uranium16.7
20.1Technical solutions28.5
20.1Total cost of sales45.2
40.2Gross profit31.5
32.9Advanced technology costs18.9
3.0Selling, general and administrative10.0
8.3Amortization of intangible assets1.8
1.1Operating income0.8
20.5Nonoperating components of net periodic benefit loss1.0
0.9Interest expense4.0
3.4Investment income(17.0)
(7.3)Extinguishment of long-term debt—
(11.8)Other expense, net0.3
0.1Income before income taxes12.5
35.2Income tax expense2.5
8.0Net income and comprehensive income$                       10.0
$                       27.2



Net income per share:


   Basic$                       0.51
$                       1.60   Diluted$                       0.45
$                       1.60Average number of common shares outstanding (in thousands):


   Basic19,773
16,982   Diluted22,446
17,048CENTRUS ENERGY CORP.
NON-GAAP ADJUSTED OPERATING INCOME, ADJUSTED NET INCOME AND
ADJUSTED NET INCOME PER SHARE RECONCILIATION TABLEThe Company measures Operating Income, Net Income and Net Income per Share both on a GAAP basis and on an adjusted basis ("Adjusted Operating Income", "Adjusted Net Income" and "Adjusted Net Income per Share") to exclude short-term, non-capitalizable costs related to the expansion of our operations in Piketon, Ohio and Oak Ridge, Tennessee to scale up uranium enrichment operations ("Growth Costs") and stock-based compensation. Growth Costs relate to the initial phase of our expansion projects (e.g. manufacturing readiness and the training and onboarding of new employees) and are included as Advanced Technology Costs on the Condensed Consolidated Statements of Operations and Comprehensive Income. The Company expects to stop expensing Growth Costs as costs related to our expansion projects become capitalizable. We incur expense related to stock-based compensation which are included as Selling, General and Administrative expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.We believe Adjusted Operating Income, Adjusted Net Income and Adjusted Net Income per Share, which are non-GAAP financial measures, provide investors with additional understanding of the Company's overall financial performance as well as its strategic financial planning analysis and period-to-period comparability. These metrics are useful to investors because they reflect how management evaluates the Company's ongoing operating performance from period-to-period after removing certain transactions and activities that affect comparability of the metrics and are not reflective of the Company's core operations.Our calculation of Adjusted Operating Income, Adjusted Net Income, and Adjusted Net Income per Share may not be comparable to similarly named measures reported by other companies.
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
GAAP
Growth
Costs
Stock-
Based
Compen
sation
Adjusted
(Non-
GAAP)
GAAP
Growth
Costs
Stock-
Based
Compen
sation
Adjusted
(Non-
GAAP)Gross profit31.5
—
—
31.5
32.9
—
—
32.9Advanced technology costs18.9
(17.0)
—
1.9
3.0
(1.3)
—
1.7Selling, general and administrative10.0
—
(0.4)
9.6
8.3
—
(0.5)
7.8Amortization of intangible assets1.8
—
—
1.8
1.1
—
—
1.1Operating income0.8
17.0
0.4
18.2
20.5
1.3
0.5
22.3Nonoperating components of net
periodic benefit loss1.0
—
—
1.0
0.9
—
—
0.9Interest expense4.0
—
—
4.0
3.4
—
—
3.4Investment income(17.0)
—
—
(17.0)
(7.3)
—
—
(7.3)Extinguishment of long-term
debt—
—
—
—
(11.8)
—
—
(11.8)Other expense, net0.3
—
—
0.3
0.1
—
—
0.1Income before income taxes12.5
17.0
0.4
29.9
35.2
1.3
0.5
37.0Income tax expense2.5
3.8
0.1
6.4
8.0
0.3
0.1
8.4Net income and comprehensive
income$       10.0
$       13.2
$         0.3
$       23.5
$       27.2
$         1.0
$         0.4
$       28.6















Net income per share:














   Basic$       0.51
$       0.67
$       0.01
$       1.19
$       1.60
$       0.06
$       0.02
$       1.68   Diluted$       0.45
$       0.59
$       0.01
$       1.05
$       1.60
$       0.06
$       0.02
$       1.68Average number of common
shares outstanding (in
thousands):














   Basic19,773
—
—
19,773
16,982
—
—
16,982   Diluted22,446
—
—
22,446
17,048
—
—
17,048CENTRUS ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in millions)
Three Months Ended March 31,
2026
2025OPERATING


Net income$                       10.0
$                       27.2Adjustments to reconcile net income to cash used in operating activities:


Depreciation and amortization2.2
1.5Deferred tax assets2.5
7.5Equity-related compensation0.4
0.5Revaluation of inventory borrowings(0.6)
2.1Gain on extinguishment of 8.25% Notes—
(11.8)Amortization of debt issuance costs and discount1.3
—Other reconciling adjustments, net0.3
0.6Changes in operating assets and liabilities:


Accounts receivable(11.1)
41.3Inventories(48.8)
(268.1)Inventories owed to customers and suppliers(21.9)
187.7Other current assets(0.6)
0.8Accounts payable and other liabilities0.4
(6.2)Payables under inventory purchase agreements47.2
55.6Deferred revenue and advances from customers, net of deferred costs(14.4)
0.1Pension and postretirement benefit liabilities(2.0)
(2.2)Other changes, net—
(0.1)Cash (used in) provided by operating activities(35.1)
36.5



INVESTING


Capital expenditures(23.2)
(2.1)Cash used in investing activities(23.2)
(2.1)



FINANCING


Proceeds from the issuance of common stock, net—
25.2Common stock withheld for tax obligations under stock-based compensation plan(0.3)
—Payment of interest classified as debt—
(3.5)Payment of principal to redeem 8.25% Notes—
(74.3)Cash used in financing activities(0.3)
(52.6)



Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.3)
(0.1)



Decrease in cash, cash equivalents and restricted cash(58.9)
(18.3)Cash, cash equivalents and restricted cash, beginning of period1,960.1
704.0Cash, cash equivalents and restricted cash, end of period$                  1,901.2
$                     685.7
Three Months Ended March 31,
2026
2025



Supplemental cash flow disclosures:


Cash paid for interest—
$                          —Cash paid for income taxes


Federal—
$                          —State—
$                          —Foreign—
$                          —



Non-cash activities:


Property, plant and equipment included in accounts payable and accrued liabilities$                         9.2
$                         0.2Common stock withheld for tax obligations under stock-based compensation plan$                          —
$                         0.3CENTRUS ENERGY CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited; in millions, except share and per share data)
March 31, 
 2026
December 31, 
 2025ASSETS


Current assets:


Cash and cash equivalents$                  1,868.2
$                  1,957.2Accounts receivable41.8
30.7Inventories336.0
322.9Deferred costs associated with deferred revenue37.0
40.9Other current assets12.4
11.9Total current assets2,295.4
2,363.6Property, plant and equipment, net of accumulated depreciation of $7.1 million and
  $6.7 million as of March 31, 2026 and December 31, 2025, respectively59.5
29.5Deposits for financial assurance32.8
2.7Intangible assets, net19.4
21.2Deferred tax assets19.5
21.9Other long-term assets6.6
7.0Total assets$                  2,433.2
$                  2,445.9



LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities:


Accounts payable and accrued liabilities$                       49.5
$                       41.6Payables under inventory purchase agreements65.7
18.5Inventories owed to customers and suppliers170.8
192.7Deferred revenue and advances from customers112.8
131.1Short-term inventory loans2.5
38.9Current debt—
—Total current liabilities401.3
422.8Long-term debt1,176.1
1,174.8Postretirement health and life benefit obligations70.4
72.2Pension benefit liabilities2.9
3.0Advances from customers—
—Long-term inventory loans—
—Other long-term liabilities7.3
8.0Total liabilities1,658.0
1,680.8



Stockholders' equity:


Preferred stock, par value $1.00 per share, 20,000,000 shares authorized


Series A Participating Cumulative Preferred Stock, none issued—
—Series B Senior Preferred Stock, none issued—
—Class A Common Stock, par value $0.10 per share, 70,000,000 shares authorized,
  18,952,387 and 18,945,365 shares issued and outstanding as of March 31, 2026
  and December 31, 2025, respectively1.9
1.9Class B Common Stock, par value $0.10 per share, 30,000,000 shares authorized,
  719,200 shares issued and outstanding as of March 31, 2026 and December 31,
  20250.1
0.1Excess of capital over par value762.4
762.3Retained earnings11.5
1.5Accumulated other comprehensive loss(0.7)
(0.7)Total stockholders' equity775.2
765.1Total liabilities and stockholders' equity$                  2,433.2
$                  2,445.9 View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-reports-first-quarter-2026-results-302763250.htmlSOURCE Centrus Energy Corp. Original: Centrus Reports First Quarter 2026 Results

Centrus to Webcast Conference Call on May 6 at 8:30 a.m. ETApril 23, 2026 5:12 PM
PR Newswire (US)

BETHESDA, Md., April 23, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 6, 2026, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2026, which ended March 31, 2026, after the close of markets on Tuesday, May 5, 2026.







The conference call will be open to listeners who log in through the Company's website, CentrusEnergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through May 19, 2026.About Centrus Energy Corp.Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities,?Centrus?is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Contact:
Investors: Neal Nagarajan NagarajanNK@centrusenergy.com
Media: Dan Leistikow LeistikowD@centrusenergy.com



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Original: Centrus to Webcast Conference Call on May 6 at 8:30 a.m. ET

Centrus Energy Selects Geiger Brothers as Construction Contractor for Major Uranium Enrichment Plant ExpansionApril 20, 2026 7:00 AM
PR Newswire (US)

Selection expands Centrus' growing best-in-class partnership network
and provides avenues for potential cost mitigationBETHESDA, Md., April 20, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) today announced that it has selected Geiger Brothers, Inc. as the construction contractor for the Company's previously announced, multi–billion–dollar expansion of its uranium enrichment capacity in Piketon, Ohio. This marks another major milestone as Centrus accelerates its effort to deploy thousands of additional centrifuges to produce Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). Centrus is the only company with deployment-ready technology that can meet both commercial and U.S. national security demands.







As previously announced, Fluor Corporation is serving as the project's Engineering, Procurement, and Construction (EPC) contractor. Fluor is overseeing engineering, design, project management, supply chain activities, and procurement of key materials and services, while crews from Geiger Brothers will conduct the on-the-ground construction work in Ohio. Centrus believes this structure generates efficiencies that could mitigate some project costs."Geiger Brothers brings more than a century of experience and a strong Ohio workforce to our project," said Centrus President and CEO Amir Vexler. "Their deep expertise in complex industrial construction, including work across the energy and nuclear sectors, makes them an ideal partner as we scale up production capacity. This partnership is another example of our commitment to bring in lead times and reduce unit costs for our project. With Fluor's global EPC leadership and Geiger's local capabilities, we are assembling a best–in–class team to deliver this expansion safely, efficiently, and on schedule."A Proven Ohio-Based Construction LeaderFounded in 1909 and headquartered in Jackson, Ohio, Geiger Brothers is a multi–craft, multi–discipline construction and engineering firm with more than 100 years of experience delivering mechanical, electrical, plumbing, fabrication, and industrial construction projects. The company provides integrated construction solutions across Ohio, Kentucky, West Virginia, and Tennessee, and is known for its rigor in safety, quality, and execution. Geiger Brothers' portfolio includes work across energy, infrastructure, industrial, commercial, and nuclear markets. As an employee–owned company, Geiger Brothers emphasizes craftsmanship, responsiveness, and continuous improvement—qualities that align with Centrus' commitment to operational excellence.Notably, Geiger Brothers served as a key construction partner in the deployment of Centrus' existing HALEU cascade as well as an earlier LEU demonstration cascade which was completed in 2013."We are proud to support this historic investment in America's nuclear fuel supply chain," said Erik Massie, President and Chief Financial Officer of Geiger Brothers. "Our roots are in Ohio, and we look forward to contributing to a project that strengthens U.S. energy security, creates local jobs, and bolsters domestic manufacturing."About the Expansion ProjectCentrus' multi–billion–dollar expansion will add thousands of AC100M centrifuges at its American Centrifuge Plant in Piketon, restoring America's ability to enrich uranium at a large scale with domestic technology. Fluor and Geiger Brothers will work alongside Centrus' existing manufacturing and engineering teams to advance the next phase of construction. Centrifuge manufacturing to support the expansion launched in December 2025 at Centrus' centrifuge manufacturing plant in Oak Ridge, Tennessee.This expanded capacity will support Centrus' $2.3 billion commercial LEU backlog and provide at least 12 metric tons per year of urgently-needed HALEU production capacity. About Centrus Energy Corp.Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities,?Centrus?is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Media Contacts
Centrus
Media: Dan Leistikow
LeistikowD@centrusenergy.com
Investors: Neal Nagarajan
NagarajanNK@centrusenergy.com 



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Original: Centrus Energy Selects Geiger Brothers as Construction Contractor for Major Uranium Enrichment Plant Expansion

Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment CapacityMarch 12, 2026 6:46 AM
PR Newswire (US)

Early work has already identified nearly $300 million in potential cost savingsBETHESDA, Md., March 12, 2026 /PRNewswire/ -- Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems and enterprise operating systems, and Centrus Energy (NYSE: LEU), the U.S. company leading the effort to restore America's ability to enrich uranium at commercial scale, today announced a landmark partnership that will apply Palantir's AI-driven software tools in support of Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. The partnership will be featured later today at AIPCon 9, an event which brings together leaders from industry and government to showcase the power of Palantir's AI-driven software solutions to help companies to solve complex operational problems. The event will be livestreamed here.







Centrus is the only U.S.-owned company that enriches uranium today and recently committed to a commercial-scale expansion of its uranium enrichment plant in Piketon, Ohio – reducing America's dependence on foreign, state-owned enterprises that currently control nearly 100 percent of the world's uranium enrichment capacity. Through this partnership, Centrus is leveraging Palantir's Foundry and Artificial Intelligence Platform (AIP) to integrate disparate systems across classified and unclassified environments and utilizing AI to optimize project controls, engineering, manufacturing execution, supply chain management, and regulatory compliance. Since the partnership began in late January, Centrus and Palantir have already identified nearly $300 million in potential cost savings and efficiencies. Project execution is a key focus area and Centrus is rapidly de-risking it. Additional improvements have been identified that are expected to reduce manufacturing lead times and accelerate the timetable for bringing new uranium enrichment capacity online. Through this partnership, Centrus aims to become the most efficient, cost-competitive and reliable enricher in the market."Centrus has developed and proven America's most advanced uranium enrichment technology, and this expansion marks the moment when we scale it for commercial deployment. By integrating Palantir's powerful tools and proven techniques into our manufacturing we are positioned to meet and exceed all operational excellence goals," said Centrus President and CEO Amir Vexler. "The nearly $300 million in savings we have identified to date are only the beginning. This partnership builds on our recently announced EPC partnership with Fluor and demonstrates Centrus' day-one commitment to bring in lead times and reduce unit costs for this project. It strengthens our ability to deliver a reliable, American–owned source of enriched uranium to support the nation's energy security and the next generation of advanced reactors.""We are excited to partner with Centrus to deploy Foundry and AIP across their operations," said Palantir Industrials EVPs Joanna Peller and Tom McArdle. "By building a unified ontology that connects the Centrus nuclear manufacturing continuum, we're enabling accelerated production timelines and optimized decision-making across their entire value chain. This partnership demonstrates how AI-powered software can drive measurable impact in critical infrastructure projects that are vital to America's energy security and national competitiveness."About Centrus EnergyCentrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.Centrus Forward Looking Statements:
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; restrictions on imports and exports, including those imposed under the Russian Suspension Agreement, and related international trade legislation; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio, and our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.Palantir Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.Contact:
Investors: Neal Nagarajan NagarajanNK@centrusenergy.com
Media: Dan Leistikow LeistikowD@centrusenergy.com
Lisa Gordon, media@palantir.com



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Original: Centrus Partners with Palantir to Drive Cost Savings and Unlock Operational Efficiencies in Major Expansion of U.S. Uranium Enrichment Capacity

Oklo, Centrus Announce Planned Joint Venture to Advance Nuclear Fuel Services in OhioMarch 9, 2026 7:00 AM
PR Newswire (US)

Demonstrates companies' commitment to leading domestic fuel supply chainPIKETON, Ohio, March 9, 2026 /PRNewswire/ -- Oklo Inc. (NYSE: OKLO) ("Oklo"), an advanced nuclear technology company, and Centrus Energy Corp. (NYSE: LEU) ("Centrus"), a uranium enrichment and nuclear fuel services provider, announced today that the companies have agreed to pursue discussions regarding a joint venture focused on deconversion services for high-assay low-enriched uranium (HALEU) and the advancement of related fuel-cycle technologies and supply chains. Activities under this joint venture would occur at Centrus' Piketon site in Pike County, southern Ohio, co-located with Centrus' enrichment operations and adjacent to Oklo's planned 1.2 GW power campus.







After mined uranium is processed and enriched, it must be converted into a different chemical form such as uranium oxide or uranium metal—a step known as deconversion—before it can be fabricated into fuel to power advanced reactors. The potential joint venture would aim to enable an integrated and efficient coupling of uranium enrichment and deconversion to improve efficiency and costs through co-location, and expand domestic advanced nuclear fuel capacity to serve Oklo's needs and broader U.S. nuclear deployment. "Advanced nuclear energy development requires not only reactors but also reliable fuel-cycle capabilities that support those reactors," says CEO and co-founder of Oklo Jacob DeWitte. "This framework supports deeper discussions with Centrus on potential pathways to expand deconversion capacity, strengthen domestic supply chains, and advance a more efficient fuel-cycle model that operates from the same location.""Centrus is laying the groundwork to rebuild the U.S. nuclear fuel-cycle capacity, including the services needed to support advanced reactor fuels," says Centrus President and CEO Amir Vexler. "We look forward to exploring options to co-locate and scale deconversion services to improve efficiency and support growing demand."Centrus and Oklo believe developing enrichment and deconversion services at Centrus' Piketon location will raise efficiency, expand domestic capacity, and help solve what is widely viewed as a potential nuclear fuel bottleneck to the pace of large-scale deployment of nuclear power technology. There are numerous HALEU-fueled reactor technologies under development today in the U.S., each of which may have its own separate fuel fabrication plant to meet the unique requirements of the design. A central hub for deconversion services co-located with HALEU enrichment could eliminate the need for each fuel fabrication facility to establish its own deconversion line, which would enhance competitiveness for the entire industry. In addition, such a central hub could simplify and reduce the cost of shipping HALEU.The parties plan to explore opportunities for potential coordination of regulatory and R&D activities, including joint engagement with U.S. federal agencies to propose solutions that support co-location of deconversion and enrichment services. The collaboration is also expected to include engagement with federal, state, and local initiatives to support the siting of deconversion services in Pike County, in line with broader efforts to strengthen the U.S. nuclear fuel-cycle infrastructure.The potential collaboration would align with the broader redevelopment efforts led by the Southern Ohio Diversification Initiative (SODI), a nonprofit working to reuse land for regional development, to transform thousands of acres at the former Portsmouth Gaseous Diffusion Plant into a hub for advanced manufacturing and clean energy.About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, affordable energy at global scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert used nuclear fuel into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.About Centrus: Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities,?Centrus?is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which in this context means statements that express Oklo's and Centrus' opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "continue," "might," "possible," "potential," "predict," "project," "goal," "would," "commit," or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo and/or Centrus operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the development and deployment of Oklo's powerhouses, fuel fabrication and fuel recycling facilities, and radioisotope production activities; the risk that Oklo is pursuing an emerging market with no commercial project operating and regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the need for financing to construct plants, which remain subject to market, financial, political, and legal conditions; risks related to an inability to raise additional capital to support our business and sustain our growth on favorable terms; the effects of competition; risks related to accessing high-assay low-enriched uranium, plutonium, and other fuels (including recycled fuels) at acceptable costs and under acceptable timelines; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations, including tariffs; the outcome of any government and regulatory proceedings and investigations and inquiries; and the other factors set forth in our documents we have filed with the U.S. Securities and Exchange Commission (the "SEC").The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the SEC. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this presentation, except as may be required by law.For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; restrictions on imports and exports, including those imposed under the Russian Suspension Agreement, and related international trade legislation; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio, and our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.ContactsCentrus:
Media -- Dan Leistikow LeistikowD@centrusenergy.com
Investors -- Neal Nagarajan NagarajanNK@centrusenergy.comMedia Contact for Oklo:
Bonita Chester, Head of Communications and Media at media@oklo.com
Investor Contact:
Sam Doane, Senior Director 



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Original: Oklo, Centrus Announce Planned Joint Venture to Advance Nuclear Fuel Services in Ohio

Centrus to Ring the NYSE Opening Bell on Thursday, February 19 in Celebration of the Launch of Multi-Billion Dollar ExpansionFebruary 18, 2026 4:15 PM
PR Newswire (US)

BETHESDA, Md., Feb. 18, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU) announced today that President and CEO Amir Vexler will ring the Opening Bell® at the New York Stock Exchange on at 9:30 a.m. ET tomorrow, Thursday, February 19. The ceremony recognizes the launch of Centrus' multi–billion–dollar expansion of its uranium enrichment capacity in Piketon, Ohio -- a project designed to strengthen the nation's nuclear fuel supply chain, create thousands of American jobs, and support both the existing reactor fleet and national security needs as well as next–generation advanced nuclear technologies.







Coverage of the ceremony will be livestreamed at www.nyse.com/bell."After decades of underinvestment in our country's nuclear fuel supply chain, Centrus is leading the effort to restore America's ability to enrich uranium at a large scale," said Centrus President and CEO Amir Vexler. "The multi-billion-dollar expansion we launched in December will provide an assured, affordable, domestic source of enriched uranium to meet America's urgent civilian and national security requirements. We are honored to have been invited to ring the Opening Bell in recognition of this historic effort."Hiring and centrifuge manufacturing already underway to support the expansion – which will include large-scale production of both Low–Enriched Uranium (LEU) for the existing reactor fleet and High–Assay, Low–Enriched Uranium (HALEU) for advanced reactors, along with enrichment for national security missions. The project is expected to directly create 1,300 construction and operations jobs in Ohio, 430 manufacturing jobs in Tennessee, and thousands of supply jobs across the country. About Centrus EnergyCentrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Forward Looking Statements:
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; restrictions on imports and exports, including those imposed under the RSA, and related international trade legislation; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio, and our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.Contact:
Investors: Neal Nagarajan NagarajanNK@centrusenergy.com
Media: Dan Leistikow LeistikowD@centrusenergy.com



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Original: Centrus to Ring the NYSE Opening Bell on Thursday, February 19 in Celebration of the Launch of Multi-Billion Dollar Expansion

Centrus and Fluor Partner to Advance Major Expansion of Ohio Uranium Enrichment PlantFebruary 11, 2026 6:41 AM
PR Newswire (US)

Strategic partnership with best-in-class EPC demonstrates Centrus' commitment to operational excellenceBETHESDA, Md., Feb. 11, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU) today announced that its subsidiary, American Centrifuge Operating, LLC, has agreed to a strategic collaboration with Fluor (NYSE: FLR) to serve as its Engineering, Procurement and Construction (EPC) contractor as Centrus proceeds with its previously announced multi-billion-dollar expansion of its uranium enrichment capacity in Piketon, Ohio. 







"This is another critical milestone for us as we begin our expansion in earnest," said Centrus President and CEO Amir Vexler.  "Fluor is a global leader with decades of experience managing complex nuclear construction projects and is an ideal partner as we transition to a large-scale deployment.  With centrifuge manufacturing already underway, we are moving full-speed ahead with our expansion.""The addition of Fluor's extensive experience in launching and supporting large-scale, complex, industrial build outs will empower our major expansion in Ohio," said Centrus Senior Vice President, Field Operations Patrick Brown. "We look forward to this collaborative effort and the opportunities working with a best-in-class EPC will afford Centrus going forward.""We are proud of our long-term relationship with Centrus and are honored to be partnering with them on a project of profound importance to our energy security and national security," said Al Collins, Business Group President, Mission Solutions.  "We look forward to working with Centrus to restore the United States' ability to enrich uranium at large-scale while fortifying its supply chain and creating local jobs."Under the multi-year contract, Fluor will lead engineering and design of the expanded capacity in Ohio, manage the supply chain and procurement of key materials and services, oversee construction at the site, and support the commissioning of the new capacity.The expansion project includes large-scale production of Low-Enriched Uranium (LEU) to address its substantial commercial LEU enrichment contingent backlog of $2.3 billion and growing demand from existing reactors.  The company also recently announced that it is planning on building 12 metric tons of High-Assay, Low-Enriched Uranium (HALEU) annual capacity for next-generation reactors. In addition, Centrus is the only production-ready option for national security missions and was recently notified by the National Nuclear Security Administration of its intent to sole source certain uranium enrichment activities from Centrus.In December 2025, Centrus launched centrifuge manufacturing to support this expansion, and in early January 2026 the Department of Energy selected Centrus for a $900 million HALEU task order. Later in January, Centrus announced that it is investing more than $560 million to transition its advanced centrifuge factory in Oak Ridge, Tennessee, to high-rate manufacturing. About CentrusCentrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities,?Centrus?is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Forward Looking StatementsThis news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; restrictions on imports and exports, including those imposed under the RSA, and related international trade legislation; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio, and our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A - "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.Contacts:
Investors:?Neal Nagarajan?NagarajanNK@centrusenergy.com
Media:?Dan Leistikow?LeistikowD@centrusenergy.com  



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Original: Centrus and Fluor Partner to Advance Major Expansion of Ohio Uranium Enrichment Plant

Centrus Reports Fourth Quarter and Full Year 2025 Results and Provides 2026 GuidanceFebruary 10, 2026 4:49 PM
PR Newswire (US)

2025 full year revenue of $448.7 million and gross profit of $117.5 million, compared to prior year revenue of $442.0 million and gross profit of $111.5 million2025 full year net income of $77.8 million, compared to prior year net income of $73.2 millionStrengthened balance sheet and increased unrestricted cash balance to $2.0 billionEnriched over 1 metric ton of high-assay low-enriched uranium ("HALEU") UF6Selected by the U.S. Department of Energy ("DOE") for a $900.0 million HALEU production award, subject to negotiationNotified by National Nuclear Security Administration ("NNSA") of its intent to sole source certain uranium enrichment activities from CentrusLaunched domestic commercial centrifuge manufacturing to support substantial $2.3 billion commercial low enriched uranium ("LEU") backlogActivities to support current LEU backlog and proposed 12 metric tons of HALEU production expected to be sufficient to reach nth-of-a-kind costBETHESDA, Md., Feb. 10, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus" or the "Company") today reported 2025 results. The Company reported net income of $77.8 million for the year ended December 31, 2025, which was $4.33 (basic) and $3.90 (diluted) per common share.







"2025 was a milestone year for Centrus marked by continuous improvements to both our existing LEU segment as well as our planned future enrichment business, punctuated by our fourth quarter announcement officially launching our centrifuge build out and the government's selection of Centrus for a $900 million HALEU enrichment award," said Centrus President and CEO Amir Vexler. "With a growing contingent LEU sales backlog of $2.3 billion, a HALEU mandate from the government, and a potential sole-source award from the NNSA, we are uniquely positioned to meet the commercial and national security market needs. Importantly, our substantial LEU backlog and proposed 12 metric tons of HALEU production should allow us to meet our milestone of reaching nth-of-a-kind cost.""The LEU pricing curve's sharp rise continues to demonstrate that there is a clear need for additional enrichment capacity for growing electrification demands. Centrus is excited to provide a uniquely American solution to the current critical fuel needs from the existing nuclear reactor fleet and national security establishment, as well as the future needs for the advanced reactor HALEU market that will power tomorrow's data centers and AI technologies."Full Year Financial ResultsCentrus generated total revenue of $448.7 million and $442.0 million for the year ended December 31, 2025 and 2024, respectively.Revenue from the LEU segment was $346.2 million and $349.9 million for the year ended December 31, 2025 and 2024, respectively, a decrease of $3.7 million (or 1%). Uranium revenue decreased $55.6 million (or 54%) while separative work units ("SWU") revenue increased $51.9 million (or 21%) as a result of a 23% increase in the volume of SWU sold, partially offset by a 1% decrease in the average price of SWU sold.Revenue from the Technical Solutions segment was $102.5 million and $92.1 million for the year ended December 31, 2025 and 2024, respectively, an increase of $10.4 million (or 11%). Revenue generated by the HALEU Operation Contract increased by $10.5 million. Revenue from the HALEU Operation Contract is recorded on a cost-plus-incentive-fee basis and includes a target fee for Phases 2 and 3 of the contract.Cost of sales for the LEU segment was $234.7 million and $256.0 million for the year ended December 31, 2025 and 2024, respectively, a decrease of $21.3 million (or 8%). Uranium costs decreased while SWU costs increased as a result of a 23% increase in the volume of SWU sold, partially offset by a 13% decrease in the average unit cost of SWU sold.Cost of sales for the Technical Solutions segment was $96.5 million and $74.5 million for the year ended December 31, 2025 and 2024, respectively, an increase of $22.0 million (or 30%). The increase is primarily attributable to a $22.8 million increase in costs incurred under the HALEU Operation Contract, partially offset by a decrease in costs related to other contracts.The Company recognized a gross profit of $117.5 million and $111.5 million for the year ended December 31, 2025 and 2024, respectively, an increase of $6.0 million (or 5%).Gross profit for the LEU segment was $111.5 million and $93.9 million for the year ended December 31, 2025 and 2024, respectively, an increase of $17.6 million (or 19%). The increase was due primarily to the increase in the volume of SWU sold and an increase in the margin on SWU sales resulting from the specific contract and pricing mix of SWU contracts. The increase in SWU gross profit was partially offset by a decrease in uranium gross profit.Gross profit for the Technical Solutions segment was $6.0 million and $17.6 million for the year ended December 31, 2025 and 2024, respectively, a decrease of $11.6 million (or 66%). The decrease was primarily attributable to the increase in costs incurred under the HALEU Operation Contract. Because of the delay in completing Phase 2 of the HALEU Operation Contract, DOE extended Phase 2 through January 31, 2026. Costs incurred subsequent to November 2024 have not yet been subject to a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation.Expansion of Manufacturing and Enrichment Capacity UpdateOn January 5, 2026, DOE announced that American Centrifuge Operating, LLC, a subsidiary of Centrus, was selected for award of a $900.0 million task order, subject to negotiations, to expand its uranium enrichment facility in Piketon, Ohio, to include commercial-scale production of HALEU. Centrus had already announced plans for a major expansion of its uranium capacity in Piketon, Ohio, including plans for large-scale production of both LEU and HALEU to meet commercial and government requirements, in September 2025.In December 2025, the Company initiated design work on a 150,000 square foot training, operations & maintenance facility in Piketon, Ohio – a critical piece of site infrastructure necessary to support the company's plans for a major expansion of its uranium enrichment capacity in Piketon. The project involves a significant renovation and rehabilitation of an existing, largely vacant building on the site of the American Centrifuge Plant, with construction activities set to begin early 2026. The facility is expected to include a mix of office space, training facilities, and maintenance bays to support plant operations. Also in December 2025, the Company began domestic centrifuge manufacturing to support commercial LEU enrichment activities at the Piketon, Ohio, facility. This strategic move enables the Company to capitalize on its many first-mover advantages in U.S.-owned domestic uranium enrichment, and marks a consequential transformations in the Company's and the U.S.'s uranium enrichment history. Centrus plans to leverage its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customer contracts, and is targeting 12 metric tons of HALEU production per year sometime after 2030, with at least some HALEU production by the end of the decade.BacklogThe Company's total backlog is $3.8 billion as of December 31, 2025 and extends to 2040. Our LEU segment backlog as of December 31, 2025 was approximately $2.9 billion and includes future SWU and uranium deliveries primarily under medium and long-term contracts with fixed commitments. The LEU segment backlog includes approximately $2.3 billion in contingent LEU sales contracts and commitments, with $2.1 billion of the total under definitive agreements and $0.2 billion of the total subject to entering into definitive agreements, in support of potential construction of LEU production capacity at the Piketon, Ohio facility. The contingent LEU sales contracts and commitments also depend on our ability to secure substantial public and private investment. Our Technical Solutions segment backlog was approximately $0.9 billion as of December 31, 2025, and includes both funded amounts (services for which funding has been both authorized and appropriated by the customer), unfunded amounts (services for which funding has not been appropriated), and unexercised options.2026 Outlook
The company is providing certain financial and operational guidance for the full-year 2026.Financial 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects:Total revenue to be in the range of $425 million to $475 millionTotal capital deployment to be in the range of $350 million to $500 million, driven by increased investment in the Company's industrial build out related to its centrifuge manufacturingOperational 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects to:Finalize contracts with all partners identified as critical to its industrial build outAt least 100 net new employee hires for Oak Ridge, Tennessee, facilityAt least 50 net new employee hires for Piketon, Ohio, facilityRelease of a Certified for Construction packageThe Company's 2026 guidance is subject to a number of assumptions and uncertainties that could affect results either positively or negatively. Variations from these expectations could cause differences between this guidance and the ultimate results. This includes the assumption of no significant change in restrictions in our ability to receive and sell Russian LEU or other uranium products, no significant economic disruptions or downturns, the successful implementation of our planned expansion projects, including the finalization and funding of the DOE $900 million task order, and that current business operations will continue on an ongoing basis.About CentrusCentrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at?www.centrusenergy.com or follow us on LinkedIn and X.Forward-Looking Statements:This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may be exacerbated by any worsening of the global business and economic environment, including but not limited to, risks and uncertainties related to the following:the war in Ukraine and other geopolitical conflicts, including the resulting bans, laws, tariffs, sanctions or other government measures, and actions by third parties, including contractual counterparties, as a result of such conflicts that could directly or indirectly impact our ability to obtain, deliver, transport, sell or collect payment for, LEU or the SWU and natural uranium hexafluoride components of LEU;our reliance on third party suppliers to provide essential products and services to us;restrictions on imports and exports, including those imposed under the RSA, and related international trade legislation;our government contracts, including related to government shutdowns, changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio;our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof;our ability to obtain new contracts or funding to be able to continue operations;whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level;the impact and potential extended duration of a supply/demand imbalance in the market for LEU;significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are;limitations on our ability to compete in foreign markets;pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU;our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee;natural and other disasters;pandemics and other health crises;the fact that our revenue is largely dependent on our largest customers and our sales backlog;our long-term liabilities, including our postretirement health and life benefit obligations, our 0% Convertible Notes and our 2.25% Convertible Notes;failures or security, including cybersecurity, breaches of our information technology systems; andthe impact of, or changes to, government regulation and policies or interpretation of laws or regulations, including by the SEC, DOE, DOC and the NRC.Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual report on Form 10-K for the year ended December 31, 2025, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.Contacts:Investors: Neal Nagarajan at NagarajanNK@centrusenergy.com
Media: Dan Leistikow at LeistikowD@centrusenergy.com CENTRUS ENERGY CORP.
NET INCOME PER COMMON SHARE
(Unaudited; in millions, except share and per share
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2023
2025
2024
2023Numerator (in millions):










Net income$       17.8
$       53.7
$       56.3
$       77.8
$       73.2
$       84.4











Denominator (in thousands):










Average common shares outstanding - basic18,844
16,716
15,461
17,967
16,309
15,212Potentially dilutive shares related to equity-
     compensation awards48
62
271
58
64
289Potentially dilutive shares related to 2.25%
     Convertible Notes2,795
—
—
1,900
—
—Potentially dilutive shares related to 0%
     Convertible Notes840
—
—
—
—
—Average common shares outstanding - diluted22,527
16,778
15,732
19,925
16,373
15,501











Net income per common share (in dollars):










Basic$       0.94
$       3.21
$       3.64
$       4.33
$       4.49
$       5.55Diluted$       0.79
$       3.20
$       3.58
$       3.90
$       4.47
$       5.44











0% Convertible Notes (if-converted) excluded from
the diluted calculation because they would have
been antidilutive (in thousands)—
—
—
951
—
— CENTRUS ENERGY CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited; in millions, except share and per share data)
Three Months Ended
December 31,
Year Ended
December 31,
2025
2024
2023
2025
2024
2023Revenue:










Separative work units$       111.0
$         48.7
$         60.8
$       298.7
$       246.8
$       208.2Uranium13.4
73.2
21.3
47.5
103.1
60.8Technical solutions21.8
29.7
21.5
102.5
92.1
51.2Total revenue146.2
151.6
103.6
448.7
442.0
320.2Cost of Sales:










Separative work units and uranium87.0
66.7
37.8
234.7
256.0
163.9Technical solutions24.2
23.1
16.0
96.5
74.5
44.2Total cost of sales111.2
89.8
53.8
331.2
330.5
208.1Gross profit35.0
61.8
49.8
117.5
111.5
112.1Advanced technology costs8.9
3.3
3.4
16.9
17.2
14.2Selling, general and administrative10.3
10.4
11.4
36.2
35.0
36.9Equity-related compensation0.5
0.4
0.3
5.8
1.5
2.3Amortization of intangible assets2.5
2.6
2.1
8.4
9.8
6.3Operating income12.8
45.1
32.6
50.2
48.0
52.4Nonoperating components of net
periodic benefit expense (income)3.9
0.7
(23.3)
6.8
(14.7)
(23.2)Interest expense4.1
1.9
0.4
14.0
2.7
1.3Investment income(16.5)
(5.1)
(2.3)
(44.7)
(12.9)
(8.7)Extinguishment of long-term debt—
—
—
(11.8)
—
—Other income, net—
(0.2)
(0.5)
—
(0.1)
(1.5)Income before income taxes21.3
47.8
58.3
85.9
73.0
84.5Income tax expense (benefit)3.5
(5.9)
2.0
8.1
(0.2)
0.1Net income and comprehensive income17.8
53.7
56.3
77.8
73.2
84.4











Net income per share:










Basic$         0.94
$         3.21
$         3.64
$         4.33
$         4.49
$         5.55Diluted$         0.79
$         3.20
$         3.58
$         3.90
$         4.47
$         5.44Average number of common shares
outstanding (in thousands):










Basic18,844
16,716
15,461
17,967
16,309
15,212Diluted22,527
16,778
15,732
19,925
16,373
15,501 CENTRUS ENERGY CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in millions)
Year Ended December 31,
2025
2024
2023OPERATING




Net income$        77.8
$        73.2
$        84.4Adjustments to reconcile net income to cash provided by operating activities:




Depreciation and amortization9.9
10.8
7.1Accrued loss on long-term contract—
—
(20.0)Deferred tax assets7.4
(0.7)
(1.6)Loss (gain) on remeasurement of retirement benefit plans, net2.9
(17.3)
(24.6)Revaluation of inventory borrowing3.6
2.1
7.4Gain on extinguishment of 8.25% Notes(11.8)
—
—Equity-related compensation5.8
1.5
2.3Amortization of debt issuance costs and discount3.4
0.3
—Other reconciling adjustments, net0.1
(0.2)
(1.6)Changes in operating assets and liabilities:




Accounts receivable49.2
(30.5)
(11.3)Inventories(230.0)
101.0
(83.8)Inventories owed to customers and suppliers176.5
(68.1)
23.5Other current assets2.2
2.4
14.9Payables under inventory purchase agreements(11.0)
(12.4)
(1.7)Deferred revenue and advances from customers, net of deferred costs(29.5)
(15.1)
12.1Accounts payable and other liabilities0.4
(1.4)
8.5Pension and postretirement liabilities(5.7)
(8.3)
(5.7)Other changes, net(0.2)
(0.3)
(0.8)Cash provided by operating activities51.0
37.0
9.1





INVESTING




Capital expenditures(19.7)
(4.1)
(1.6)Cash used in investing activities(19.7)
(4.1)
(1.6)





FINANCING




Proceeds from the issuance of common stock, net523.7
54.7
23.2Proceeds from the issuance of 0% and 2.25% Convertible Senior Notes, net782.4
388.7
—Payment of interest classified as debt(3.5)
(6.1)
(6.1)Payment of principal to redeem 8.25% Notes(74.3)
—
—Exercise of stock options—
0.4
—Common stock withheld for tax obligations under equity-related compensation plan(3.4)
(0.6)
(3.0)Other—
—
(0.2)Cash provided by financing activities1,224.9
437.1
13.9





Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.1)
0.2
—





Increase in cash, cash equivalents and restricted cash1,256.1
470.2
21.4Cash, cash equivalents and restricted cash, beginning of period704.0
233.8
212.4Cash, cash equivalents and restricted cash, end of period$   1,960.1
$      704.0
$      233.8

Year Ended December 31,
2025
2024
2023Supplemental cash flow information:




Cash paid for interest$          8.9
$           —
$           —Cash paid for income taxes




Federal$           —
$           —
$           —State$          0.7
$          0.7
$           —Foreign$           —
$           —
$           —





Cash paid for income taxes (net of refunds received) exceeding five percent of total cash paid
     for incomes taxes (net of refunds received) in the following jurisdictions:




State:




Maryland$          0.7
$          0.5
$           —New York$           —
$          0.2
$           —Total$          0.7
$          0.7
$           —





Non-cash activities:




Property, plant and equipment included in accounts payable and accrued liabilities$          2.0
$          0.2
$          0.9Equity-related transaction costs included in accounts payable and accrued liabilities$          0.2
$           —
$           —Adjustment to right to use lease assets from lease modification$          1.3
$           —
$        (4.2) CENTRUS ENERGY CORP.
CONSOLIDATED BALANCE SHEETS
Unaudited; in millions, except share and per share data)
December 31,
2025
2024ASSETS


Current assets:


Cash and cash equivalents$                      1,957.2
$                         671.4Accounts receivable30.7
80.0Inventories322.9
161.6Deferred costs associated with deferred revenue40.9
63.9Other current assets11.9
38.3Total current assets2,363.6
1,015.2Property, plant and equipment, net29.5
9.4Deposits for financial assurance2.7
2.6Intangible assets, net21.2
29.6Deferred tax assets, net21.9
29.3Other long-term assets7.0
7.3Total assets$                      2,445.9
$                      1,093.4



LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities:


Accounts payable and accrued liabilities$                           41.6
$                           38.8Payables under inventory purchase agreements18.5
29.5Inventories owed to customers and suppliers192.7
16.2Deferred revenue and advances from customers131.1
216.4Short-term inventory loans38.9
39.8Current debt—
6.1Total current liabilities422.8
346.8Long-term debt1,174.8
472.5Postretirement health and life benefit obligations72.2
74.6Pension benefit liabilities3.0
4.0Long-term inventory loans—
26.2Other long-term liabilities8.0
7.9Total liabilities1,680.8
932.0



Stockholders' equity:


Preferred stock, par value $1.00 per share, 20,000,000 shares authorized


Series A Participating Cumulative Preferred Stock, none issued—
—Series B Senior Preferred Stock, none issued—
—Class A Common Stock, par value $0.10 per share, 70,000,000 shares authorized,
     18,945,365 and 16,045,916 shares issued and outstanding as of December 31,
     2025 and 2024, respectively1.9
1.6Class B Common Stock, par value $0.10 per share, 30,000,000 shares authorized,
     719,200 shares issued and outstanding as of December 31, 2025 and 20240.1
0.1Excess of capital over par value762.3
236.5Retained earnings (accumulated deficit)1.5
(76.3)Accumulated other comprehensive loss(0.7)
(0.5)Total stockholders' equity765.1
161.4Total liabilities and stockholders' equity$                      2,445.9
$                      1,093.4 



View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-reports-fourth-quarter-and-full-year-2025-results-and-provides-2026-guidance-302684342.htmlSOURCE Centrus Energy Corp.

Original: Centrus Reports Fourth Quarter and Full Year 2025 Results and Provides 2026 Guidance

Centrus to Webcast Conference Call on February 11 at 8:30 a.m. ETJanuary 29, 2026 4:30 PM
PR Newswire (US)

BETHESDA, Md., Jan. 29, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, February 11, 2026, at 8:30 a.m. ET. The company will release its fourth quarter and full year earnings report for 2025, which ended December 31, 2025, after the close of markets on Tuesday, February 10, 2026.







The conference call will be open to listeners who log in through the Company's website, CentrusEnergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through February 24, 2026.About Centrus EnergyCentrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy.  Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs.  Find out more at CentrusEnergy.com.Contact:
Investors: Neal Nagarajan NagarajanNK@centrusenergy.com
Media: Dan Leistikow LeistikowD@centrusenergy.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-to-webcast-conference-call-on-february-11-at-830-am-et-302674476.htmlSOURCE Centrus Energy Corp.

Original: Centrus to Webcast Conference Call on February 11 at 8:30 a.m. ET

This baby made me rich

Thank you. You might be right. I think nuclear plays will be hot for the foreseeable future.
JMO.

Offering slowed it down a bit but it's coming back. This will be over $125 by end of November, $150+ by years end. Check their tweet today. Best Nuclear to AI play out there imo.

Hold $87? Rebound and move back above $90? Drop back below $85?
Roll the dice. Who really knows anymore.
If this moves back to $90 then it really should run back to $95 and then $100.
JMO.

Centrus Gets NRC Green Light to Introduce Uranium Into HALEU Nuclear Enrichment Cascade
The Nuclear Regulatory Commission (NRC) has allowed Centrus Energy—a firm contracted by the U.S. Department of Energy (DOE) to demonstrate high-assay low-enriched uranium (HALEU) production with domestic technology—to introduce uranium hexafluoride (UF6) into its uranium enrichment centrifuge cascade in Piketon, Ohio.

The development marks yet another critical milestone for Bethesda, Maryland–headquartered company in its efforts to begin first-of-a-kind HALEU production at its American Centrifuge cascade in Ohio by December 31, 2023. When completed, the facility could be the first new U.S.-owned, U.S.-technology enrichment plant to begin production in 70 years, it has noted.

The Big Step to Address a Crucial Nuclear Fuel Supply Gap
While delayed by supply chain constraints and the COVID pandemic, the pioneering demonstration has been eagerly awaited, given its implications for alleviating—even if moderately—supplies of HALEU, a form of uranium-235 fuel enriched to 20%. Experts note that because HALEU is enriched higher than the 4% to 5% level typically used in existing reactors, it may provide more power per volume than conventional reactors, and its efficiency allows for smaller plant sizes. The fuel type also promises longer core life and a higher burn-up rate of nuclear waste.

Several advanced nuclear reactor designs, including nine of the 10 designs awarded under the DOE’s Advanced Reactor Demonstration Program (ARDP), require HALEU. However, HALEU is currently available from only two sources: limited amounts from the DOE via down-blending of existing stockpiles of material and from commercial supplies via TENEX, a nuclear fuel company owned by Russian state-owned company Rosatom.

Centrus’s American Centrifuge cascade uses gas centrifuge machines, which feed uranium hexafluoride (UF6)—heated to a gaseous state—into a rotor inside the centrifuge machine. A rotor spinning at high speed inside a steel casing uses centrifugal force to concentrate the heavier U-238 isotopes at the outer wall of the rotor and the lighter U-235 isotopes toward the rotor center. The streams are then fed to the next machines in a “cascade” to achieve the desired level of enrichment. Centrus will use a 4.95% LEU feed material for its planned HALEU 16 AC100M-centrifuge cascade. It suggests roughly 85% of the separative work units (SWU)—a measure of enrichment needed to produce HALEU—is already contained in the LEU feed material


Centrus Energy’s original AC100 machine was developed with support from the Department of Energy and later refined by Centrus to the current AC100M machine under contract with Oak Ridge National Laboratory. Centrus Energy will demonstrate 16 of its centrifuges at its enrichment facility in Piketon, Ohio. The machines will be used to enrich uranium hexafluoride gas to produce an initial 20 kilograms of HALEU by December 2023 to support advanced reactor fuel qualification testing and reactor demonstration projects. Courtesy: Centrus
NRC Green Light Follows Operational Readiness Reviews
The company began building its cascade of 16 AC100M centrifuges in 2019, after entering into a $115 million cost-shared contract with the DOE, under which the DOE agreed to reimburse the company for 80% of its costs incurred in performing the contract. While the contract was modified several times, the government’s total contract funding currently amounts to $173 million.

In 2022, the DOE elected to move the operational portion of the demonstration to a competitively-award contract to prolong the operational period. After a solicitation process, it awarded a $150 million “definitized contract” to Centrus under two phases through 2024. Phase 1 calls for the completion of the cascade and the start of operations to produce an initial 20 kg of HALEU UF6 (19.75% enriched) by December 31, 2023. Centrus in February 2023 completed construction and initial testing of its advanced uranium enrichment centrifuge cascade as well as most of its associated support systems.

Under Phase 2, Centrus plans to continue production for a full year at an annual production rate of 900 kg of HALEU. The DOE will own the HALEU produced from the demonstration cascade. The operation contract also gives the DOE options to pay for up to nine additional years beyond the base contract, though those options will be subject to the availability of Congressional appropriations.

According to Centrus, the NRC’s approval issued on Thursday to allow Centrus to possess uranium and introduce it into the demonstration cascade follows the federal regulator’s operational readiness review. “The operational readiness reviews were required under Centrus’ NRC license, which was successfully amended in 2021 to make the Piketon site the only NRC-licensed HALEU production facility,” the company noted.

Next Steps: Scaling Up?
Now that construction and initial testing have been wrapped up, and the NRC has authorized Centrus to introduce UF6 into the HALEU cascade, Centrus will focus on completing construction on an on-site HALEU storage area. It plans to also conduct final testing activities prior to operation as slated by year-end.

Centrus is separately also exploring the possibility to scale up the Piketon facility for expanded HALEU production. Provided that it can secure sufficient funding or off-take contracts, the company estimates that a full-scale HALEU cascade—consisting of 120 individual centrifuge machines with a combined capacity of approximately 6,000 kg of HALEU per year (6 MTU/year)—could be brought online within about 42 months. “Centrus has the capability to add an additional cascade every six months after that,” it said.

DOE Takes Notable Steps to Boost Domestic HALEU Availability
The DOE estimates that more than 40 metric tons (40,000 kg) of HALEU could be needed by 2030 to deploy a new fleet of advanced reactors in a timeframe that supports the Biden administration’s goal of 100% carbon-free electricity by 2035.

Under the HALEU Availability Program, which Congress established in the Energy Act of 2020, the DOE has so far established a “HALEU Consortium,” a public-private coordination effort. The DOE has meanwhile also begun working to establish a temporary domestic demand for HALEU to stimulate a diverse supply of commercial HALEU. It hopes that these efforts could ultimately lead “to a competitive HALEU market and more certain domestic HALEU demand.”

On June 12, notably, the DOE’s Office of Nuclear Energy issued a notice to prepare an environmental impact statement in accordance with the National Environmental Policy Act (NEPA) for the DOE’s proposed efforts to facilitate and commercialize domestic HALEU production.

On Monday, the agency also issued two draft requests for proposals (RFPs) focused on HALEU acquisition. The first RFP is related to services and HALEU material production. The second RFP focuses on deconversion activities to convert enriched UF6 gas into metal or oxide forms, which can be used to fabricate fuels needed by several advanced reactor developers.

—Sonal Patel is a POWER senior associate editor (@sonalcpatel, @POWERmagazine).

Cinch Up!

Biggest move in a very long time for this stock and no Cowboys?

10M trading float!

Oil prices skyrocketing! WTI @ 83.55 barrel. LEU @ all time hugh on light volume. 55.49 up 10%.

Easily a 1B Market Cap in the near future.

NOW 25 DOLLARS!

$LEU $22+ nuclear explosion couldn't give it away @ $3

LEU paying off debt.. poised for a breakout

MONEYFLOW RISING ON LEU.

Going to $100

What’s the news??

Did you see the earnings!?

Centrus Energy (NYSEMKT:LEU): Q2 GAAP EPS of -$1.84.

Revenue of $10.6M (-73.1% Y/Y)

Losing so much money now, it must be, TIME TO LOAD UP!

SWU price USD 45

$115 million DOE contract is 4X the LEU market cap and now it's official:

https://www.sec.gov/Archives/edgar/data/1065059/000106505919000018/form8-k_20190531.htm

I wonder if we witness a short squeeze.

They just landed a $115 million DOE contract:

https://ih.advfn.com/stock-market/AMEX/centrus-energy-corp-LEU/stock-news/80052656/current-report-filing-8-k

https://www.govconwire.com/2019/06/doe-selects-centrus-energy-subsidiary-for-115m-uranium-fuel-production-contract/

I'd say this will have a positive impact on their market cap. Maybe this "game changing" development will quickly get them back over $9 dollars a share again.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=leu&insttype=&freq=2&show=&time=10

Still waiting to see a company PR on all this....

Trumps Red hair is nuclear.

Back-up 2 trucks!
Centrus Energy (NYSEMKT:LEU): Q3 GAAP EPS of -$1.06.

Revenue of $34.1M (-32.2% Y/Y)

Buy a new truck and load it up!

2.42 -0.27 (-10.04%)

Blue abandoned ship a long time ago. -18% and on low volume. If the volume increases, watch out.

Is LEU on your radar at these prices? It's getting pretty low.

This Pup is on $ALE!

Blue must be getting another truck to back up and load.

True Blue

Energy Secretary Rick Perry says he’s open to reopening Piketon project

it is news of the decade

hmmm: https://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-in-talks-over-bid-for-UK-uranium-powerhouse

LEU collects payment for all their contracts near the end of every year. Their chart shows this. LEU tends to fulfill their uranium orders at the end of every year (from what I understand, companies are required to buy a certain amount from LEU and usually delay it till the end of each year thus delaying when LEU gets paid till the end of the year).


SO, October-January EVERY YEAR, this hits $6. BUT,

Uranium strong (LEU- Low Enriched Uranium).
Nuclear strong
Trump admininstration

I'm doing my typical trickery. Got in around $3.50. sell 5-10% of my stake as each time in breaks a new high so I can secure my profits.

I expect it to continue to be strong throughout the 4th quarter. The big difference here is that volume picked up. The stock was going to move as soon as volume picked up and here we are.

Hope this helps.

How high could this go?

called it.

This stock does the same thing every year.

Time to back up the truck? I got an alert for most changed stocks.

Centrus Energy Corp. (LEU)
3.555 ? -0.295 (-7.66%)
Volume: 26,445 @ 3:16:08 PM EDT ET

yes, last year LEU run from 1 dollar to 9.46 dollars. when it was around 1.30 cents i alerted.. now IFON this year can be a multi-dollars stock.. NASDAQ company, float 7 million.. CEO holds 30.28% of shares.. o/s 14.7 million

Here it is well over one year later and we the stock is at 4.08

Rubbish ! You are a terrible trader,.... I say wee see possibly 5 -10 $ in the next few weeks.

What ye of extra faith say now?

Without a moderator to keep the board up, how will the stock price ever advance?
4.12 -0.07 (-1.67%) Volume: 25,152

This will be known as Blue Friday, LOADING ZONE!

Centrus Energy Corp. (LEU)
3.21 -0.17 (-5.03%)
Volume: 27,539 @ 10:30:28 AM ET 6/24/16

Volume on the heavy side too, for the DD.

Down to 4.96 at this moment :) not a bad return for 5 months, eh?Nah, i sold some at 9 dollars little boy!!

You are a very astute investor.

Centrus Energy reports FY results

Mar. 29, 2017 8:04 AM ET|About: Centrus Energy Corp. (LEU)|By: Niloofer Shaikh, SA News Editor
Centrus Energy (NYSEMKT:LEU): FY EPS of -$7.36

Revenue of $258.5M (-10.8% Y/Y)

Press release

Centrus Energy, Common Stock Overvalued Compared To The Bonds

Centrus Energy, Common Stock Overvalued Compared To The Bonds

LEU’s revenue will fall by 43-46% in 2016 compared to End of Year 2014.

LEU’s common stock still trades as if it was end of year 2014.

Recent bond exchange of PIK notes for preferred stock does not help common stockholders as the net total higher tiered securities does not change.

Common stock rally has gotten ahead of the bond rally and a correction is imminent. <----LOADING ZONE?