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CENTRUS ENERGY (LEU)

Earnings summaries and quarterly performance for CENTRUS ENERGY.

Recent press releases and 8-K filings for LEU.

Centrus Initiates Design for New Ohio Facility to Support Uranium Enrichment Expansion
LEU
New Projects/Investments
Hiring
  • Centrus Energy (NYSE: LEU) has initiated design work for a 150,000 square foot Training, Operations & Maintenance Facility in Piketon, Ohio, a critical step for a major expansion of its uranium enrichment capacity.
  • Burns & McDonnell has been selected to provide design and engineering services for the facility, which is expected to accommodate as many as 200 new employees.
  • This facility is part of a broader expansion plan that anticipates creating 1,000 construction jobs and 300 new operations jobs at the Piketon site, aiming to boost Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU) production. The full scope of the expansion, a potential multi-billion-dollar private and public investment, is contingent on federal funding decisions.
4 days ago
Centrus Energy Announces Uplisting to New York Stock Exchange
LEU
Delisting/Listing Issues
  • Centrus Energy Corp. (LEU) has received approval to uplist its common stock from the NYSE American to the New York Stock Exchange (NYSE).
  • Trading on the NYSE American will conclude after market close on December 3, 2025, with trading on the NYSE commencing at the opening on December 4, 2025, under the symbol "LEU".
  • The company's Chief Financial Officer, Todd Tinelli, stated that this move is expected to provide improved liquidity for shareholders and enhanced visibility to a broader investor base.
Dec 1, 2025, 11:41 AM
Centrus Highlights Strategic Market Position and Growth Opportunities
LEU
New Projects/Investments
Revenue Acceleration/Inflection
Government Contracts
  • Centrus is positioned in a strong and growing total addressable market (TAM), with estimated annual revenue opportunities of $4.3 billion for LEU by 2030, $6.2 billion for HALEU by 2035, and $3.1 billion to $4.8 billion for National Security.
  • As the only U.S. company licensed to produce both LEU and HALEU, Centrus holds a $3.9 billion total revenue backlog through 2040, with ~$3.0 billion attributed to its LEU segment.
  • The company has secured substantial government support, including a ~$230 million base HALEU Operations Contract with the Department of Energy (DOE) through June 2025, with an exercised Phase 3 option extending through June 30, 2026.
  • The Prohibiting Russian Uranium Imports Act, signed on May 13, 2024, provides a significant tailwind by releasing $2.7 billion in funding for domestic uranium enrichment and effectively removing Russia as a competitor post-2027.
  • Centrus is actively expanding its production capabilities, having successfully delivered 900 kilograms of HALEU to the DOE and committing $60 million over the next 18 months to expand centrifuge manufacturing, with infrastructure to scale production from 3.5 million to 7 million SWU per year.
Nov 6, 2025, 1:30 PM
Centrus Energy Corp. announces at-the-market equity offering program
LEU
New Projects/Investments
  • Centrus Energy Corp. has initiated an at-the-market (ATM) equity offering program, allowing it to sell Class A common stock with an aggregate offering price of up to $1,000,000,000.
  • The company entered into a Sales Agreement on November 6, 2025, with multiple sales agents, including Barclays Capital Inc., Citigroup Global Markets Inc., and UBS Securities LLC.
  • Proceeds from the offering are intended for general working capital and corporate purposes, which may include investment in technology development, repayment or repurchase of outstanding debt, capital expenditures, and potential acquisitions.
  • The sales agents will receive a commission equal to 1.50% of the gross sales proceeds from any shares sold through them.
Nov 6, 2025, 1:27 PM
Centrus Announces At-the-Market Equity Offering Program
LEU
New Projects/Investments
M&A
  • Centrus Energy Corp. (LEU) announced an at-the-market (ATM) equity offering sales agreement on November 6, 2025.
  • Under this agreement, Centrus may offer and sell shares of its Class A common stock with an aggregate offering price of up to $1,000,000,000.
  • The company expects to use any proceeds from the offering for general working capital and corporate purposes, which may include investment in technology development, repayment or repurchase of outstanding debt, capital expenditures, and potential acquisitions.
  • Barclays, Citi, UBS Investment Bank, and Evercore ISI are serving as lead sales agents for the program.
Nov 6, 2025, 1:14 PM
Centrus Reports Third Quarter 2025 Results and Completes Convertible Notes Offering
LEU
Earnings
Debt Issuance
New Projects/Investments
  • Centrus reported net income of $3.9 million on $74.9 million in revenue for the three months ended September 30, 2025, compared to a net loss of $5.0 million on $57.7 million in revenue in Q3 2024.
  • The company increased its unrestricted cash balance to $1.6 billion by completing an $805 million convertible senior notes offering.
  • Centrus secured U.S. government waivers for 2026 and 2027 Russian committed deliveries and signed an agreement with KHNP and POSCO International for potential investment to support the expansion of its Piketon, Ohio, uranium enrichment plant.
  • The company's total backlog as of September 30, 2025, is $3.9 billion, extending to 2040.
Nov 5, 2025, 10:05 PM
Centrus Energy Reports Q3 2025 Results and Strategic Progress
LEU
Earnings
Debt Issuance
New Projects/Investments
  • Centrus Energy Corp. reported net income of $3.9 million for the third quarter of 2025, a significant improvement from a net loss of $5.0 million in Q3 2024, with revenue increasing 30% to $74.9 million. Basic earnings per share were $0.21 and diluted earnings per share were $0.19 for Q3 2025.
  • The company strengthened its balance sheet by closing an upsized and oversubscribed $805 million convertible senior notes offering, which increased its unrestricted cash balance to $1.6 billion.
  • Centrus secured U.S. government waivers for 2026 and 2027 Russian committed deliveries and signed an agreement with KHNP and POSCO International for potential investment to support the Piketon, Ohio, uranium enrichment plant expansion.
  • The company's backlog stands at $3.9 billion as of September 30, 2025, extending to 2040.
Nov 5, 2025, 10:04 PM
Centrus Energy Corp. Announces Multi-Billion-Dollar Expansion Plans for Ohio Uranium Plant
LEU
New Projects/Investments
Hiring
  • Centrus Energy Corp. announced plans to expand its uranium enrichment plant in Piketon, Ohio, which could represent a multi-billion-dollar private and public investment contingent on federal funding decisions from the U.S. Department of Energy.
  • This expansion is expected to create 1,000 construction jobs and 300 new operations jobs at the Piketon site, while retaining 127 existing jobs.
  • The project aims to boost production of Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU), with Centrus having already secured over $2 billion in contingent purchase commitments from utility customers and raised more than $1.2 billion in convertible note transactions.
Sep 25, 2025, 12:51 PM
Centrus Energy Details Multi-Billion-Dollar Expansion in Ohio
LEU
New Projects/Investments
Hiring
  • Centrus Energy (LEU) announced plans for a multi-billion-dollar expansion of its uranium enrichment plant in Piketon, Ohio, which is contingent on federal funding decisions from the U.S. Department of Energy.
  • This expansion is projected to create 1,000 construction jobs and 300 new operations jobs, while retaining 127 existing positions, to boost Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU) production.
  • Centrus has already raised over $1.2 billion through convertible note transactions and secured more than $2 billion in contingent purchase commitments from utility customers.
  • The project aims to restore domestic uranium enrichment capabilities at scale, utilizing American technology and a fully domestic manufacturing supply chain.
Sep 25, 2025, 8:00 AM