Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry. Its recurring news centers on Low-Enriched Uranium sales, separative work units, uranium enrichment, High-Assay, Low-Enriched Uranium, and Technical Solutions work that includes engineering, design, and manufacturing services for government and private-sector customers.
Company updates also cover financial results, revenue guidance, centrifuge manufacturing, enrichment-capacity expansion in Piketon, Ohio, and manufacturing activity in Oak Ridge, Tennessee. Partnership news has addressed engineering, project management, supply-chain coordination, artificial-intelligence tools, and other operational support for uranium-enrichment expansion.
Centrus Energy (NYSE: LEU) reported third-quarter 2026 revenue of $55.5 million, down from the same quarter last year. Revenue fell 26%, while GAAP net income rose to $31.6 million from $3.9 million, primarily driven by a $46.4 million warrant-liability valuation gain. Adjusted results swung to a $9.4 million loss from $5.2 million income.
Backlog totaled $7.0 billion, including $5.4 billion of contingent enrichment commitments. DOE does not currently intend to exercise further HALEU production contract options; that contract represents approximately $0.8 billion of backlog. Centrus completed its first centrifuge, began shipments, finalized critical supply-chain contracts and completed its first construction package ahead of year-end targets. The company expects 2026 revenue of $450 million–$500 million and capital deployment of $350 million–$500 million, and recently acquired Westerman.
Centrus Energy (NYSE: LEU) has completed and begun shipping its first new centrifuge for its multibillion-dollar uranium enrichment expansion. Manufactured in Oak Ridge, Tennessee, the centrifuge will go to Ohio for final assembly. Completion of the first centrifuge and securing a complete domestic manufacturing supply chain both came ahead of the company's year-end target.
Centrus announced a $560 million investment in January 2026 to expand and modernize its Oak Ridge facility for higher-rate manufacturing. It has contracted domestic suppliers, ordered tens of thousands of parts and completed its acquisition of component supplier Westerman Holdings earlier this month. Centrus expects the first new Ohio enrichment capacity online in 2029. The expansion is intended to supply low-enriched uranium for existing reactors, high-assay low-enriched uranium for next-generation reactors and enrichment for national security needs.
Centrus Energy (LEU) will webcast its quarterly conference call on November 5, 2026, at 8:30 a.m. ET. The company will release earnings for the third quarter ended September 30, 2026, after markets close on November 4. Listeners can access the call through the Investor Relations section of CentrusEnergy.com; a replay will remain available through November 18, 2026.
Centrus Energy (NYSE: LEU) has acquired supplier Westerman Holdings for approximately $116 million, bringing centrifuge-component manufacturing capabilities in-house.
The purchase was funded with approximately $95 million in cash on hand and $21 million of equity. Centrus acquired all Westerman business lines, and Westerman is now a subsidiary that will retain its name. Centrus expects the transaction to increase adjusted earnings per share in the first year following closing and lower project costs through supply-chain integration.
Westerman manufactures centrifuge casings and other components for Centrus. Its non-nuclear customers, including oil and gas businesses, diversify Centrus' revenue base. Centrus intends to expand Westerman's capabilities alongside its previously announced multi-billion-dollar uranium enrichment expansion. Jacob Garrett becomes Westerman president and a Centrus vice president.
Centrus Energy (LEU) signed a definitive multi-year contract to supply Antares Nuclear with High-Assay Low-Enriched Uranium (HALEU), with deliveries scheduled to begin before the end of the decade.
The agreement provides Antares with a reliable, U.S.-origin, “unobligated” HALEU source that can support advanced reactor projects for space and national security missions. The contract adds another HALEU customer to Centrus’ backlog and includes prepayments from Antares to help fund expansion of domestic enrichment capacity. Centrus is developing HALEU production at its American Centrifuge Plant, described as the only licensed HALEU production facility in the western world, and has launched a multi-billion-dollar expansion that includes large-scale HALEU and LEU production.
Centrus Energy (LEU) priced a $500 million underwritten public offering of Class A common stock and warrants on September 9, 2026.
The deal covers 500,000 shares of Class A common stock, 2,005,513 pre-funded warrants priced at $199.54 each (with a $0.10 exercise price), and common warrants to purchase up to 6,992,382 shares. The combined public offering price is $199.64 per share of common stock and accompanying common warrants. Investors in shares or pre-funded warrants receive a pro rata allocation of common warrants.
The common warrants are immediately exercisable in four series, each with an aggregate exercise price of approximately $500 million and per-share exercise prices of $226.8625, $272.2350, $317.6075 and $362.9800. Expirations range from two to five years after September 10, 2026, with each series split into two tranches. Closing is expected around September 11, 2026, and Centrus plans to use net proceeds for general corporate purposes.
Centrus Energy (LEU) has launched a proposed underwritten public offering of Class A common stock, pre-funded warrants and common warrants to purchase Class A common stock. Completion, size and terms of the offering are not yet determined and remain subject to market and other conditions.
The company plans to use net proceeds for general working capital and corporate purposes, which may include technology development and deployment, repayment or repurchase of debt, capital expenditures, and potential acquisitions or other opportunities. Guggenheim Securities is lead book-running manager and Barclays is book-running manager. The securities are registered under an effective shelf registration statement filed with the SEC on November 6, 2025.
Centrus Energy (LEU) and Radiant have signed a multi-year HALEU fuel supply contract for Radiant's Kaleidos microreactors. Centrus will begin delivering high-assay, low-enriched uranium before the end of the decade, providing an additional U.S.-origin fuel source to support commercial deployment of the Kaleidos fleet and potential national security uses. The agreement adds Radiant as another HALEU customer in Centrus' backlog and includes prepayments that support Centrus' domestic commercial enrichment capacity build-out.
For Radiant, the deal secures another domestic HALEU source as the company moves from its first Kaleidos test toward commercial and national security deployments. Because Centrus' technology and manufacturing supply chain are U.S.-origin, the enrichment supplied will be "unobligated," allowing use in national security applications. Radiant's transportable microreactors target remote locations, data centers, defense, and other commercial and industrial uses.
Centrus Energy (NYSE: LEU) hosted Ohio Governor Mike DeWine, Lt. Governor Jim Tressel, JobsOhio CEO J.P. Nauseef and other leaders at its uranium enrichment facility in Piketon, Ohio, to discuss Ohio's role in rebuilding the U.S. nuclear fuel supply chain and energy security.
Centrus highlighted its multi‑billion‑dollar expansion of the Piketon enrichment plant, announced in September 2025 and now underway. According to Centrus, the project is expected to support 1,000 construction jobs, create 300 new operating jobs, and retain 150 existing jobs, reinforcing Ohio's advanced manufacturing and workforce base.
X-energy (Nasdaq: XE) and Centrus Energy (NYSE: LEU) signed a definitive, long-term enrichment services agreement covering low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) for X-energy’s Xe-100 advanced small modular reactor program. At full execution, X-energy said the deal meaningfully de-risks its Xe-100 project pipeline and secures HALEU to support a portion of the initial fuel needs for its 11.5 GW commercial pipeline.
HALEU from Centrus’s American Centrifuge Plant in Piketon, Ohio will be supplied to X-energy’s subsidiary TRISO-X for TRISO-X coated particle fuel fabrication in Oak Ridge, Tennessee, under a phased approach that scales production with X-energy’s commercial pipeline. TRISO-X holds a 40-year NRC special nuclear material license, and X-energy is advancing more than 11 GW of Xe-100 capacity in the U.S. and U.K. with projects involving Dow, Amazon and Centrica.