Centrus Energy(NYSEMKT) LEU

Centrus Energy Corp. makes fuel for nuclear power plants. They help utilities generate electricity without carbon emissions. The company also builds technology for advanced reactors.

Powering a Carbon-Free Grid

• Low-Enriched Uranium: Fuel for commercial nuclear reactors; accounted for 87% of revenue for the three months ended June 30, 2026.
• Separative Work Units: Standard measure of the energy needed to enrich uranium for nuclear fuel production.
• Technical Solutions: Engineering and manufacturing services for customers focused on next-generation nuclear energy.
• Advanced Nuclear Fuel: Enriched material required by many new reactor designs; also known as high-assay low-enriched uranium.

How Is Centrus Expanding?

• Signed a $900 million task order with the Department of Energy in July 2026 for commercial-scale fuel production.
• Announced plans in January 2026 to invest over $560 million to upgrade its manufacturing facility in Tennessee.
• Partnered with Palantir in March 2026 to use artificial intelligence for large-scale plant expansion projects.
• Signed a letter of intent with Oklo in June 2026 to supply domestic fuel starting in 2029.

A Unique Position in Enrichment

Centrus is the only domestic supplier demonstrating production of advanced fuel for next-generation nuclear reactors. The company uses proprietary technology to restore domestic enrichment capabilities and reduce reliance on foreign fuel sources.

Measuring Recent Financial Performance

• Total revenue reached $176.1 million for the three months ended June 30, 2026, up 14% year over year.
• Net income was $16.8 million for the three months ended June 30, 2026, a 42% decrease from 2025.
• Price-to-earnings ratio reached 49.4 for the quarter ended June 30, 2026, compared to 28.1 in 2025.
• Total contract backlog reached $4.5 billion as of June 30, 2026, up from $3.8 billion as of December 31, 2025.

Evolving for the Nuclear Future

Centrus has evolved from a legacy supplier into a developer of advanced enrichment technologies. This transition positions the company as a key player in the global shift toward reliable and carbon-free energy.