T1 Energy (NYSE: TE) posts preliminary Q2 2026 loss and Adjusted EBITDA range
Rhea-AI Filing Summary
T1 Energy Inc. reported preliminary, unaudited financial and operating results for the three months ended June 30, 2026. Management estimates a net loss between $(40,000) and $(44,000) (in thousands), including net loss from discontinued operations of $6,000–$7,000 (in thousands), leading to net income (loss) from continuing operations between $(34,000) and $(37,000) (in thousands).
Using its non-GAAP measure, T1 estimates Adjusted EBITDA between $(14,500) and $(11,500) (in thousands), reconciling from continuing operations by adjusting for interest, income taxes, depreciation and amortization, fair value changes in warrant and derivative liabilities, share-based compensation, other income/expense, and transaction and nonrecurring expenses. The company emphasizes these figures are preliminary, estimated, unaudited and subject to change after completion of quarterly closing procedures. The release also contains forward-looking statements regarding project timelines, production targets, potential sales of Section 45X tax credits, benefits from the KORE Power acquisition, and future financing activities, all subject to the risk factors described in prior SEC reports.
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Insights
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8-K Event Classification
3 items: 2.02, 8.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net loss (low estimate): $(40,000)
Net loss (high estimate): $(44,000)
Net income (loss) from continuing operations (low): $(34,000)
+3 more
6 metrics
Net loss (low estimate)
$(40,000)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Net loss (high estimate)
$(44,000)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Net income (loss) from continuing operations (low)
$(34,000)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Net income (loss) from continuing operations (high)
$(37,000)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Adjusted EBITDA (low estimate)
$(14,500)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Adjusted EBITDA (high estimate)
$(11,500)
Three months ended June 30, 2026; in thousands, preliminary unaudited
Key Terms
Adjusted EBITDA, Section 45X tax credits, material weakness, non-GAAP financial measures
4 terms
Adjusted EBITDA financial
"T1 defines Adjusted EBITDA as net income (loss) from continuing operations before interest expense"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Section 45X tax credits regulatory
"qualify for the advanced manufacturing production credit under Section 45X of the Internal Revenue Code"
Section 45X tax credits are U.S. federal tax incentives that pay manufacturers for producing qualifying clean energy and electric vehicle components domestically. For investors, they act like a government rebate that lowers production costs and improves project returns, often changing which factories or suppliers are economically attractive and speeding up investment in certain technologies.
material weakness regulatory
"remediate the material weakness in T1’s internal control over financial reporting"
A material weakness is a significant flaw in the systems and checks a company uses to ensure its financial reports are accurate, meaning errors or fraud could happen and not be caught. For investors it matters because it raises the risk that reported results are unreliable—similar to finding a hole in a ship’s hull—potentially leading to corrected financials, regulatory action, reduced trust, and negative effects on stock value and borrowing costs.
non-GAAP financial measures financial
"Adjusted EBITDA presented herein is a supplemental measure of T1’s performance that is not required by GAAP"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Earnings Snapshot
Net loss range (in thousands): $(40,000) to $(44,000)
Three months ended June 30, 2026
Net loss range (in thousands)
$(40,000) to $(44,000)
Adjusted EBITDA range (in thousands)
$(14,500) to $(11,500)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What preliminary second-quarter 2026 results did T1 Energy (TE) report?
T1 Energy reported a preliminary net loss of $(40,000)–$(44,000) (in thousands) for Q2 2026 and preliminary Adjusted EBITDA of $(14,500)–$(11,500) (in thousands), based on management’s unaudited estimates for the three months ended June 30, 2026.
What is T1 Energy’s preliminary Adjusted EBITDA for Q2 2026?
T1 Energy estimates Q2 2026 Adjusted EBITDA between $(14,500) and $(11,500) (in thousands). This non-GAAP measure starts from net income (loss) from continuing operations and adjusts for interest, taxes, depreciation and amortization, fair value changes, share-based compensation, and transaction and nonrecurring expenses.
Are T1 Energy’s reported Q2 2026 figures for TE audited and final?
No. The Q2 2026 figures for T1 Energy are preliminary, estimated and unaudited. Management states they are based on information available as of July 28, 2026 and remain subject to quarterly closing procedures and possible material changes before final results are issued.
How does T1 Energy (TE) define its non-GAAP Adjusted EBITDA?
T1 defines Adjusted EBITDA as net income (loss) from continuing operations before interest, income taxes, depreciation and amortization, further excluding non-cash charges, non-recurring items, non-operating gains or losses, fair value adjustments, share-based compensation, and certain transaction and nonrecurring expenses added in a 2025 redefinition.
What forward-looking topics does T1 Energy highlight in this Q2 2026 update?
T1 discusses forward-looking matters including G2_Austin Phase 1 completion timing, expected 2026 run-rate and modular production, potential sales of Section 45X tax credits, anticipated benefits from acquiring KORE Power, and possible future financing activities, all subject to stated risk factors.
What business does T1 Energy (TE) focus on according to this report?
T1 Energy describes itself as an energy solutions provider building an integrated U.S. solar supply chain, positioning itself as a leading U.S. solar manufacturing company with a complementary storage strategy, U.S.-based operations, and ongoing evaluation of value optimization opportunities across its European asset portfolio.