Centrus Energy Q2 Earnings Call Highlights

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Centrus Energy (NYSE:LEU) reported second-quarter 2026 gross maturation and expanded its commercialized backlog arsenic the institution precocious plans to physique U.S. uranium-enrichment capableness for low-enriched uranium, oregon LEU, and high-assay low-enriched uranium, oregon HALEU.

Revenue for the 4th ended June 30 roseate 14% from a twelvemonth earlier to $176.1 million. The institution reported gross nett of $49.9 million, operating income of $10.4 cardinal and nett income of $16.8 million, oregon $0.77 per diluted share. Adjusted nett income was $38.7 million, equivalent to $1.77 per diluted share.

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President and Chief Executive Officer Amir Vexler said the 4th benefited from request maturation crossed Centrus' commercialized LEU, national-security and HALEU markets. He said the institution sees a increasing imbalance betwixt enrichment proviso and demand, alongside continued increases successful published LEU prices.

Backlog Reaches $4.5 Billion

Centrus ended the 4th with a $4.5 cardinal backlog extending done 2040, including $3.7 cardinal successful its LEU conception and $800 cardinal successful its Technical Solutions segment. The LEU backlog included $700 cardinal of broker-dealer concern and $3 cardinal successful contingent LEU and HALEU enrichment sales.

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Chief Financial Officer Todd Tinelli said backlog maturation was driven by an astir $600 cardinal summation successful LEU and HALEU enrichment sales. Of the astir $3 cardinal successful enrichment backlog, $2.4 cardinal was nether definitive agreements. The institution said the backlog summation reflected commercialized agreements and did not see Department of Energy awards.