Centrus Energy Stock Price, News & Analysis

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.

Centrus Energy Corp. (NYSE American: LEU) has initiated a tender offer to purchase all its outstanding Series B Senior Preferred Stock at $1,145.20 per share, including any unpaid dividends. As of September 30, 2021, 37,847 shares were outstanding, with an aggregate liquidation preference of approximately $51.0 million. The tender offer will expire on November 18, 2021. Concurrently, the company is soliciting consents to amend the terms of the Series B Preferred Shares, which would allow for the cessation of dividend payments and permit redemption within 90 days. Stockholders must consent to the amendment for the changes to take effect.

Centrus Energy Corp. (NYSE American: LEU), a key player in the nuclear energy sector, will present at the Lake Street 5th Annual Best Ideas Growth (BIG5) Conference on September 14-15, 2021. The company's leaders, Daniel B. Poneman and Philip Strawbridge, will share insights about their ongoing High-Assay, Low-Enriched Uranium (HALEU) enrichment demonstration program for the U.S. Department of Energy. Centrus has supplied over 1,750 reactor years of fuel since 1998, showcasing its commitment to providing reliable, clean energy solutions.

Centrus Energy Corp. (NYSE American: LEU) reported a net income of $11.6 million for Q2 2021, down from $33.7 million in Q2 2020, largely due to a one-time bankruptcy payment in the prior period. Total revenue was $62.4 million, an 18% decrease year-over-year. While SWU revenue increased by $19 million when excluding the one-time payment, overall SWU sales volume rose by 106%. Gross profit for Q2 fell to $17.1 million from $43.8 million. Centrus ended the quarter with $176 million in cash.

Centrus Energy Corp. (NYSE American: LEU) will host a quarterly conference call on August 12, 2021, at 8:30 a.m. ET. This call will discuss the company's second-quarter earnings for 2021, which will be released post-market on August 11. Listeners can access the call via the Centrus website, where a replay will also be available until August 22, 2021. Centrus is a key supplier in the nuclear power sector, committed to providing reliable, carbon-free energy solutions.

Centrus Energy Corp. (NYSE American: LEU) held its 2021 annual meeting on June 16, 2021, with 79.8% of shares represented. Stockholders approved all five proposals, including the reelection of eight directors and the ratification of PricewaterhouseCoopers as independent auditors for 2021. The company announced an extension of its Section 382 Rights Agreement to preserve tax assets associated with net operating loss carryforwards, valid through June 30, 2023. This plan aims to prevent ownership changes that could limit tax asset utilization.

Centrus Energy Corp. (NYSE American: LEU) announced the U.S. Nuclear Regulatory Commission (NRC) approved its license amendment to produce High-Assay, Low-Enriched Uranium (HALEU) at its Piketon, Ohio facility. This makes Piketon the only U.S. site licensed to enrich uranium up to 20% U-235 and aims to demonstrate HALEU production by early next year. The approval aligns with a $115 million contract with the Department of Energy and supports advanced reactor designs requiring HALEU-based fuels.