Welcome to our dedicated page for Centrus Energy news (Ticker: LEU), a resource for investors and traders seeking the latest updates and insights on Centrus Energy stock.
Centrus Energy Corp. (LEU) generates frequent news flow tied to its role in the nuclear fuel supply chain, uranium enrichment capacity, and capital markets activity. As an American supplier of nuclear fuel and services, the company issues updates on its projects to expand low-enriched uranium (LEU) and high-assay, low-enriched uranium (HALEU) production, its contracts with the U.S. Department of Energy, and its relationships with domestic and international utility customers.
News about Centrus often focuses on developments at its American Centrifuge Plant in Piketon, Ohio, where it is pursuing a multi-billion-dollar expansion of uranium enrichment capacity. Articles and press releases cover milestones such as the launch of domestic centrifuge manufacturing, design work on new training and operations facilities, and federal task orders to support commercial-scale HALEU and LEU production. These updates frequently highlight expected job creation in Ohio and Tennessee and the broader impact on U.S. energy security.
Investors following LEU news will also see coverage of Centrus’ financial and corporate actions, including quarterly earnings results, convertible note offerings, and at-the-market equity programs. Regulatory and listing developments, such as the company’s transfer of its stock listing from NYSE American to the New York Stock Exchange, are another recurring theme.
In addition, Centrus issues news on international partnerships and market outreach, including agreements with Korea Hydro & Nuclear Power and POSCO International, participation in investor conferences, and updates on DOE waivers related to Russian LEU imports. This news page brings together these announcements so readers can track how Centrus’ projects, contracts, and financing activities evolve over time.
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Centrus Energy Corp. (NYSE American: LEU) will hold its quarterly conference call on May 9, 2023, at 8:30 a.m. ET. The call will discuss the company’s first quarter earnings report for 2023, which will be released on May 8, 2023, after market close. Interested listeners can access the call via the Centrus Energy website, where a replay will be available until May 19, 2023.
Centrus Energy is a key supplier of nuclear fuel and services, committed to supporting the nuclear power industry’s demand for clean energy. The company has delivered over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal. Centrus is also focused on advancing centrifuge technologies to strengthen domestic uranium enrichment capabilities.
Centrus Energy Corp. (LEU) announced that CEO Daniel B. Poneman will participate in a panel discussion at Guggenheim Securities' Second Annual Investing in Advanced Nuclear Energy Conference on March 30, 2023, in New York City. The panel, titled 'Building out the Advanced Nuclear Energy Supply Chain', aims to address the growing importance of nuclear energy in meeting clean energy needs. Centrus is a key supplier of nuclear fuel and services, having provided over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal. The company is also advancing new centrifuge technologies to enhance uranium enrichment capabilities.
Centrus Energy Corp. (NYSE American: LEU) announced participation in the 35th Annual Roth Capital Partners Conference scheduled for March 12-14, 2023, in Dana Point, California. Philip Strawbridge, the Chief Financial Officer, will represent the company. Centrus Energy plays a vital role as a supplier of nuclear fuel and services, contributing over 1,750 reactor years of fuel, equivalent to 7 billion tons of coal. The company aims to advance centrifuge technologies to enhance domestic uranium enrichment capabilities. For more details, visit www.centrusenergy.com.
Centrus Energy Corp (NYSE: LEU) reported a robust 2022, achieving $293.8 million in total revenue, with a notable $235.6 million from the LEU segment, reflecting a $49.5 million increase year-over-year. The company's net income stood at $52.2 million, including a one-time $21.3 million loss related to the HALEU Operation Contract. The fourth quarter saw LEU segment revenue of $112.2 million and a gross profit of $67 million. Centrus secured a $150 million contract for HALEU production, set to commence operations by year-end. The company boasts a strong cash position and a $1 billion order book for its LEU segment, enhancing its production capabilities for national security needs.
Centrus Energy Corp. (LEU) will hold a quarterly conference call on February 22, 2023, at 8:30 a.m. ET, following the release of its 2022 fourth quarter and year-end earnings report after market close on February 21, 2023. The conference call will be accessible via the Company’s website, where a webcast replay will also be available until March 3, 2023. Centrus Energy is a key supplier of nuclear fuel, having provided over 1,750 reactor years of fuel since 1998, supporting the demand for clean energy. The Company is also focused on advancing centrifuge technologies for future uranium enrichment capabilities.
Centrus Energy Corp. (NYSE American: LEU) announced the completion of its advanced uranium enrichment centrifuge cascade, marking the first production facility of its kind in the U.S. in 70 years. Located in Piketon, Ohio, the plant aims to demonstrate High-Assay, Low-Enriched Uranium (HALEU) production by end of 2023, pending final regulatory approval. This facility is crucial for next-generation nuclear reactor designs, with nine out of ten funded projects relying on HALEU. Centrus is also exploring expansion for increased production capacity, potentially creating numerous jobs in Ohio.
Centrus Energy Corp. (NYSE American: LEU) has signed a contract with the U.S. Department of Energy (DOE) to produce High-Assay, Low-Enriched Uranium (HALEU) at its Piketon, Ohio facility. The contract, valued at approximately $150 million, aims to complete construction and demonstrate HALEU production by December 31, 2023. Following this, Centrus will produce 900 kilograms of HALEU annually for a year under a potential $90 million Phase Two contract. The production of HALEU is critical for next-gen reactors, addressing the growing demand for carbon-free energy.
Centrus Energy Corp. (NYSE American: LEU) reported third quarter 2022 results, showing a net loss of $6.1 million on revenues of $33.2 million, down from a net income of $42.1 million on $91.3 million in Q3 2021. The decrease in revenue is attributed to reduced sales in both the LEU and Technical Solutions segments. However, the company secured over $270 million in new sales contracts year-to-date, indicating strong future demand. Centrus continues to meet U.S. Department of Energy milestones for HALEU production, positioning itself well in the nuclear energy sector.