Centrus Energy Reports Q3 2026 Revenue Decline Amid Lower Uranium Sales Volumes
Centrus Energy (LEU) reported third-quarter revenue of $55.5 million, a 26% decrease compared to the $74.9 million recorded in the prior-year period. The decline was primarily driven by lower uranium sales volumes within the LEU segment and a reduction in revenue from HALEU operations contracts. Despite these headwinds, the company saw a 19% increase in separative work unit (SWU) volume sold. The company reported a GAAP net income of $31.6 million per share, though this figure was significantly bolstered by a $46.4 million non-cash book gain related to warrant liability valuation adjustments. On an adjusted Non-GAAP basis, the company recorded a net loss of $9.4 million. Centrus maintains a strong long-term outlook with a total backlog of $7 billion and reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million.
Tickers: $LEU
Topics: Financial Performance Net Income Revenue Decrease Uranium Sales