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.
Centrus Energy Corp. (NYSE: LEU) reported strong Q1 2025 financial results, with net income of $27.2 million ($1.60 per share) on revenue of $73.1 million, compared to a net loss of $6.1 million on $43.7 million revenue in Q1 2024. The company retired its 8.25% Notes, resulting in an $11.8 million gain. Revenue from the LEU segment increased 117% to $51.3 million, driven by higher SWU prices and volumes.
The company maintains a substantial backlog of $3.8 billion extending to 2040, including $2.8 billion in the LEU segment. Centrus continues HALEU production at its American Centrifuge Plant, delivering approximately 670 kilograms of HALEU UF6 by March 2025. The company secured multiple DOE contract awards with potential values totaling $6.9 billion, though funding is currently paused for review under Executive Order 14154.
Centrus Energy Corp (NYSE American: LEU) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, May 8, 2025, at 8:30 a.m. ET. The company will release its Q1 2025 financial results, covering the period ended March 31, 2025, after market close on Wednesday, May 7, 2025.
Shareholders and financial community members can access the conference call through the company's website at CentrusEnergy.com. The webcast link will be available in the Investor Relations section, and a replay will remain accessible until May 20, 2025.
Centrus Energy Corp. (NYSE America: LEU) has announced its management's participation in several upcoming investor conferences in March 2025. The schedule includes:
- One-on-one investor meetings at the Morgan Stanley Energy & Power Conference in New York on March 3
- Participation in the UBS Nuclear Virtual Conference on March 6
- One-on-one investor meetings at the 37th Annual Roth Conference in Dana Point, CA on March 17-18
- One-on-one investor meetings at the UBS Global Energy and Utilities Conference in London on March 26
Interested parties can request meetings with management through their Morgan Stanley, UBS, or Roth representatives.
Centrus Energy (NYSE: LEU) reported strong financial results for 2024, with revenue increasing to $442.0 million from $320.2 million in 2023. Net income reached $73.2 million, though slightly down from $84.4 million in the previous year. The company significantly strengthened its balance sheet by closing $402.5 million of convertible senior notes, resulting in an unrestricted cash balance of $671.4 million.
The LEU segment generated revenue of $349.9 million, up 30% year-over-year, while Technical Solutions revenue grew 80% to $92.1 million. The company announced a $60.0 million investment in centrifuge manufacturing at Oak Ridge, Tennessee, and was selected for multiple Department of Energy contracts for LEU and HALEU production. The company's backlog stands at $3.7 billion, extending to 2040, including approximately $2.0 billion in contingent LEU sales contracts.
Centrus Energy Corp. (NYSE American: LEU) has announced its upcoming quarterly conference call, scheduled for Friday, February 7, 2025, at 8:30 a.m. ET. The company will first release its fourth quarter and full year 2025 earnings report after market close on Thursday, February 6, 2025.
The conference call will be accessible to listeners through a webcast on the company's website, CentrusEnergy.com, with the link available in the Investor Relations section. Interested parties can access the webcast replay through February 19, 2025.
Centrus Energy Corp. (NYSE America: LEU) has announced its upcoming participation in the Goldman Sachs Energy, CleanTech & Utilities Conference on January 8, 2025. The company's management will engage in a fireside chat session at 2:20 PM ET and will be available for one-on-one investor meetings throughout the day.
Investors can access a webcast of the fireside chat through Centrus' Investor Relations website. Those interested in scheduling meetings with management or requesting an invitation to the conference should contact their Goldman Sachs representative.
Centrus Energy (NYSE American: LEU) has secured its third award from the U.S. Department of Energy for expanding domestic commercial production of Low-Enriched Uranium (LEU). The company's subsidiary, American Centrifuge Operating, is among six awardees, with contracts ranging from $2 million minimum to $3.4 billion maximum over ten years.
The company announced plans to invest $60 million over 18 months to resume centrifuge manufacturing, expand its Tennessee facility, and prepare its Ohio facility for operations. The project will utilize domestic engineering and a supply chain spanning 14 American-owned suppliers across 13 states.
This award follows two previous selections: one for producing High-Assay, Low-Enriched Uranium (HALEU) for advanced reactors and another for deconverting HALEU from uranium hexafluoride to uranium oxide/metal forms.
Centrus Energy Corp (NYSE America: LEU) announced its upcoming participation in Bank of America's Clean Energy Symposium on December 5. The company's management will be featured in a panel discussion at 1:15 PM ET and will be available for one-on-one investor meetings throughout the day. Interested parties can arrange meetings through their Bank of America representatives.
Centrus Energy Corp. (NYSE American: LEU) announced a $60 million investment to resume and expand centrifuge manufacturing at its Oak Ridge, Tennessee facility. This investment, planned over 18 months, aims to support a potential multi-billion dollar expansion of uranium enrichment at the American Centrifuge Plant in Piketon, Ohio. The announcement follows securing over $2 billion in customer commitments for Low-Enriched Uranium production and two U.S. Department of Energy awards for HALEU enrichment and deconversion. The company is competing for over $3.4 billion in federal funding to boost domestic nuclear fuel production.
Centrus Energy (NYSE American: LEU) has appointed Neal Nagarajan as Senior Vice President and Head of Investor Relations. Nagarajan will oversee investor relationships and communicate the company's business strategy, governance, and financial performance. He joins from Sloane & Company, where he served as Senior Vice President of IR and Special Situations. His previous experience includes leadership roles at Sard Verbinnen & Company and work as an M&A investment banker. Nagarajan holds an MBA from Georgetown University and degrees in Economics and International Affairs from The George Washington University.
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