Century Aluminum Reports Strong Q3 2026 Results Driven by Increased Production Capacity
Century Aluminum (CENX) reported third-quarter net sales of nearly $1 billion, bolstered by a return to full capacity across its primary smelters. Following the completion of major restart projects at Mount Holly and Grundartangi, as well as equipment installations at Jamalco, shipments increased 33% sequentially to 174,000 tons. This shift from heavy reinvestment to operational stability is expected to drive higher cash conversion. The company maintains a strong liquidity position with $755 million in cash against $486 million in total debt. Looking forward, Century Aluminum is advancing its proposed Oklahoma smelter project toward a final investment decision, aiming to double U.S. primary aluminum production. Management anticipates sustained demand driven by data center construction, power grid expansion, and the automotive sector.
Tickers: $CENX
Topics: aluminum production capacity expansion capital expenditure revenue growth