CENTRUS ENERGY CORP — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 52/100
What the filing says
Centrus reported Q3 2026 revenue of $55.5M (vs. $74.9M in Q3 2025, -26%), with GAAP net income of $31.6M driven primarily by a $46.4M warrant liability gain. Adjusted net loss was $9.4M. The company grew its contingent LEU/HALEU backlog to $5.4B (total backlog $7.0B extending to 2040), completed first centrifuge manufacturing ahead of schedule, finalized critical supply-chain contracts, and acquired Westerman to derisk expansion. Capital deployment guidance raised to $350–500M for 2026.
Why this rating
Material backlog growth ($5.4B contingent) and operational milestones offset by revenue decline, DOE HALEU contract non-renewal ($0.8B), and adjusted losses. Relative to $3.2B market cap, backlog is significant but contingent on construction; near-term earnings pressured by high growth costs.
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