Centrus Energy Q3 revenue falls 26%, misses estimates

Overview

• US nuclear fuel supplier's Q3 revenue fell 26% yr/yr, missing analyst expectations

• Adjusted net loss for Q3 was $9.4 mln, reversing from adjusted net income last year

• Company cites lower uranium sales and reduced DOE contract revenue as reasons for revenue decline

Outlook

• Centrus expects 2026 revenue between $450 mln and $500 mln

• Company sees 2026 capital deployment of $350 mln to $500 mln

Result Drivers

• LOWER URANIUM SALES - Co said revenue decline was mainly due to lower volume of uranium sold

• DOE CONTRACT REVENUE DROP - Co said Technical Solutions segment revenue fell due to lower revenue from DOE HALEU production contract

• WARRANT LIABILITY GAIN - Net income rose due to a gain from fair value adjustment of warrant liabilities and higher investment income

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the uranium peer group is "buy"

• Wall Street's median 12-month price target for Centrus Energy Corp. is $183.00, about 91.3% above its November 3 closing price of $95.67

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 60 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)