CENTURY ALUMINUM (CENX) Company Report

Glencore sold 9 million shares of Century Aluminum in a block trade for approximately $276 million at $30.65 per share, representing a 5.1% discount to the previous closing price.
Following the transaction, Century Aluminum's shares fell sharply by roughly 13-14%.
Glencore's stake in Century Aluminum decreased from approximately 43% to 33.4%, though it remains the largest shareholder.
The divestment was strategically timed after Century Aluminum's shares had surged 77% year-to-date, supported by rising aluminum prices.

Nov 11, 2025, 3:01 PM

Bloomberg

Century Aluminum Reports Q3 2025 Adjusted EBITDA of $101 Million and Provides Strong Q4 Outlook

CENX

Earnings

Guidance Update

New Projects/Investments

Century Aluminum reported Adjusted EBITDA of $101 million for Q3 2025 and projects a Q4 2025 Adjusted EBITDA outlook of $170 million to $180 million.
The company experienced positive market conditions in Q3 2025, with the LME price reaching its highest level since 2022 and global aluminum inventory levels at historic lows of 47 days.
Operational highlights include the Mt. Holly restart remaining on schedule for Q2 2026, the resolution of an electrical equipment failure at Grundartangi with full insurance coverage, and the restart of Jamalco refinery operations.
Century Aluminum received a $75 million 2024 45X refund in October and is advancing a new U.S. aluminum smelter project, which is under award for up to $500 million in grant funding from the U.S. Department of Energy.
As of Q3 2025, the company's liquidity stood at $488 million against a target of $250-$300 million, and net debt was $475 million against a target of $300 million.

Nov 6, 2025, 10:00 PM

Presentation

Century Aluminum Reports Q3 2025 Results and Provides Q4 Outlook

CENX

Earnings

Guidance Update

New Projects/Investments

For Q3 2025, Century Aluminum reported net sales of $632 million, net income of $15 million ($0.15 per share), and adjusted EBITDA of $101 million. Shipments for the quarter totaled approximately 162,000 tons.
The company projects Q4 2025 adjusted EBITDA to be in the range of $170 million to $180 million. This forecast anticipates an approximate $65 million increase from lagged LME and delivery premium changes, partially offset by a $30 million negative impact from the Grundartangi line two outage.
The Grundartangi smelter experienced a temporary shutdown of pot line two due to transformer failures, with a restart timeline estimated at 11-12 months, though a repair path could reduce this. Losses are expected to be covered by insurance, subject to a $15 million deductible.
The Mount Holly restart project is on schedule, with incremental production expected to begin in Q2 2026 and full production by the end of June 2026, projected to generate approximately $25 million in additional EBITDA per quarter at full run rate.
Century Aluminum's liquidity increased to $488 million and its cash balance stood at $151 million in Q3 2025. The company received a $75 million 45X payment for fiscal year 2024 in October and aims to reach its $300 million net debt target early in 2026, with share buybacks identified as the most likely form of capital return thereafter.

Nov 6, 2025, 10:00 PM

Transcript

Century Aluminum Company Reports Third Quarter 2025 Results

CENX

Earnings

Guidance Update

New Projects/Investments

Century Aluminum Company reported net sales of $632.2 million and net income attributable to stockholders of $14.9 million for the third quarter of 2025, resulting in diluted earnings per share of $0.15. This marks an increase from the second quarter of 2025, which saw net income of $(4.6) million and diluted EPS of $(0.05).
Adjusted EBITDA attributable to Century stockholders reached $101.1 million in Q3 2025, up from $74.3 million in the prior quarter, primarily driven by a $575/MT increase in realized Midwest Premium to $1,425/MT.
The company expects Q4 2025 Adjusted EBITDA to range between $170 to $180 million. Additionally, Century Aluminum finalized the Mt. Holly power agreement through 2031, a critical step for restarting idled capacity, and received a $75 million 2024 45X refund in October.

Nov 6, 2025, 9:13 PM

8-K

Century Aluminum reports electrical equipment failure at Iceland smelter

CENX

Profit Warning

Century Aluminum Company (CENX) announced an electrical equipment failure at its Grundartangi, Iceland aluminum smelter on October 21, 2025.
This incident caused a temporary cessation of production on one of its two potlines, leading to an approximate two-thirds reduction in the smelter's overall production.
The company expects that losses resulting from these events will be covered by its property and business interruption insurance policies.
An update regarding the impact assessment and timeline for restoring full production is anticipated during the quarterly earnings conference call on November 6.

Oct 21, 2025, 9:35 PM

8-K

Century Aluminum Reports Production Reduction at Iceland Smelter

CENX

Profit Warning

Guidance Update

Century Aluminum's subsidiary, Norðurál Grundartangi ehf, has temporarily ceased production on one of its two potlines at the Grundartangi, Iceland smelter due to an electrical equipment failure.
This incident has resulted in a temporary reduction of approximately two-thirds of the smelter's total production.
The company expects that losses arising from this event will be covered by its property and business interruption insurance policies.
Century Aluminum will provide a further update on the situation during its quarterly earnings conference call on November 6.

Oct 21, 2025, 8:40 PM

Press Release

Century Aluminum Extends Power Agreement for Mt. Holly Smelter Expansion

CENX

New Projects/Investments

Hiring

Revenue Acceleration/Inflection

Century Aluminum (CENX) has extended its power agreement with Santee Cooper through 2031, a crucial step for re-starting idle capacity at its Mt. Holly smelter.
The company plans a $50 million investment to increase production by 50,000 metric tons, boosting overall U.S. aluminum output by 10 percent.
This expansion is projected to create over 100 new jobs and bring the Mt. Holly plant to full production by early summer 2026, a level not achieved since 2015.
At full operation, the Mt. Holly smelter is estimated to contribute approximately $900 million annually to South Carolina's economy.

Oct 6, 2025, 8:01 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for CENTURY ALUMINUM.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Jesse Gary say about margins?What are CENTURY ALUMINUM's strategic priorities?How is CENTURY ALUMINUM positioned vs competitors?How did CENTURY ALUMINUM do last quarter?

Let Fintool AI Agent track CENTURY ALUMINUM's earnings for you

Get instant analysis when filings drop