Centrus Energy Stock Price, News & Analysis

Centrus Energy Corp. (NYSE American: LEU) will host its quarterly conference call on March 11, 2022, at 8:30 a.m. ET. This call will discuss the fourth quarter and full year earnings report for 2021, which will be released after market close on March 10, 2022. The live webcast can be accessed at https://investors.centrusenergy.com/ and will remain archived until March 21, 2022. Centrus Energy is a key supplier of nuclear fuel, committed to providing reliable, clean energy solutions.

Centrus Energy Corp. (NYSE American: LEU) announced the redemption of all outstanding Series B Senior Preferred Stock as of December 15, 2021. This milestone follows a successful tender offer and consent solicitation conducted in November. According to CEO Daniel B. Poneman, this move strengthens the company's balance sheet for long-term success. Centrus continues to supply nuclear fuel and services, contributing to sustainable energy production by providing over 1,750 reactor years of fuel since 1998.

Centrus Energy Corp (NYSE-American: LEU) has successfully collaborated with Clean Core Thorium Energy and Texas A&M to fabricate the first sample pellets of a new nuclear fuel, ANEEL. This advanced fuel combines thorium with High-Assay, Low-Enriched Uranium (HALEU) and offers significant waste reduction capabilities—up to 80% less waste for CANDU reactors. With 48 CANDU reactors globally, this development could open new markets for Centrus. Plans for further testing at Idaho National Laboratory and commercial production by late 2024 underscore the potential for HALEU demand growth.

Centrus Energy Corp. (NYSE American: LEU) announced the final results of its tender offer to purchase all outstanding Series B Senior Preferred Stock at $1,145.20 per share, concluding on November 18, 2021. A total of 36,867 shares were tendered, representing 97.4% of the outstanding shares, amounting to an aggregate purchase price of $42.2 million. The company also received the required consent for the Series B Preferred Amendment. Payment for the shares was completed on November 23, 2021. Centrus will redeem any remaining Series B Preferred Shares.

Centrus Energy Corp. (NYSE American: LEU) announced preliminary results of its tender offer to acquire its Series B Senior Preferred Stock at $1,145.20 per share. A total of 36,867 shares were tendered, accounting for 97.4% of outstanding Series B shares as of September 30, 2021. The total expected expense for this acquisition is $42.2 million. With over 90% consent obtained for the Series B Preferred Amendment, Centrus plans to redeem remaining preferred shares post-offer. Payment for shares is expected around November 23, 2021.

Oklo Inc. and Centrus Energy Corp. have entered into a non-binding Letter of Intent to collaborate on establishing a High-Assay, Low-Enriched Uranium (HALEU) production facility. This initiative aims to meet the growing demand for advanced fuel materials for existing and next-generation fission power plants. Centrus is currently developing the first NRC-licensed HALEU production facility in Piketon, Ohio, expected to begin operations in 2022. This partnership signifies a vital step towards building a domestic supply chain for HALEU, essential for Oklo's upcoming advanced fission power plant deployments.

Centrus Energy Corp. (NYSE American: LEU) reported a net income of $42.1 million for Q3 2021, reversing a $7.0 million loss from Q3 2020. Revenue reached $91.3 million, with a $57.7 million increase year-over-year. Key factors include $43.5 million from pension cost settlements and a 126% increase in SWU sold, although uranium sales decreased by $10.5 million. The gross profit soared to $49.5 million from a loss of $0.8 million, with a cash balance of $171.0 million at quarter's end.

Centrus Energy Corp. (NYSE American: LEU) will host its quarterly conference call on November 11, 2021, at 8:30 a.m. ET, following the release of its third quarter earnings report for 2021 on November 10, 2021. The earnings report covers the period ending September 30, 2021. Investors can access the call via the Company's website, with a replay available until November 21, 2021. Centrus Energy supplies nuclear fuel and services, ensuring reliable energy for the nuclear power industry and advancing uranium enrichment technology.

On November 2, 2021, Centrus Energy Corp. (NYSE American: LEU) announced the completion of the preliminary design for X-energy's TRISO-X Fuel Fabrication Facility. This development is a significant step in the commercialization of high-assay low-enriched uranium (HALEU) for advanced reactors. Centrus will continue its work under a new contract backed by the DOE, aiming to finalize the detailed design of the facility. The TRISO-X facility aims to support the XE-100 power plant in Washington State by 2027, enhancing nuclear fuel technology and production capabilities.