Key Points – Centrus Energy reported Q1 revenue of $76.7 million, up 5% year over year, and raised its full-year 2026 revenue guidance to $450 million-$500 million from $425 million-$475 million. – The company ended the quarter with $3.9 billion in backlog through 2040 and…
ghlighted major government-related opportunities, including a potential $900 million HALEU award from the Department of Energy that could exceed $1 billion. – Centrus is advancing a $560 million Oak Ridge centrifuge plant expansion with partners Fluor, Palantir and Geiger Brothers, while saying it has identified about $300 million in potential cost savings and is increasing hiring plans in Ohio. – 3 Overlooked Nuclear Fuel Supply Chain Winners Centrus Energy (NYSE:LEU) reported higher first-quarter revenue and raised its full-year revenue outlook, citing commercial progress, improving offtake discussions and continued work on its uranium enrichment expansion program. On the company’s Q1 2026 earnings call, President and Chief Executive Officer Amir Vexler said the quarter marked the beginning of what he called a “historic undertaking” to return the United States to domestic commercial uranium enrichment
He said Centrus remains focused on serving commercial low-enriched uranium, or LEU, high-assay low-enriched uranium, or HALEU, and national security markets. – Palantir’s New Partnership Continues Separating Fact From Fiction Vexler said the company’s initial build-out is intended to address more than $2.4 billion of commercial LEU enrichment backlog and 12 metric tons of HALEU capacity. He added that further additions would be tied to firm customer orders and capital resources. First-Quarter Results Centrus reported first-quarter revenue of $76.7 million, up $3.6 million, or 5%, from the year-earlier period.
Gross profit was $31.5 million, operating income was $0.8 million, net income was $10 million and diluted earnings per share were $0.45. Adjusted net income was $23.5 million, or $1.05 per…