Centrus Energy Corp
AMEX:LEU
Centrus Energy Corp
Centrus Energy Corp., a company overlooked by many outside the niche of nuclear energy, stands as a critical player in the complex world of uranium enrichment. Long rooted in the legacy of governmental atomic development, Centrus was set free to sail into the seas of the private sector with its public listing. The company primarily caters to utilities engaged in nuclear power generation through the production and supply of enriched uranium. With a keen focus on the future of energy needs, Centrus utilizes advanced technology to meet the stringent requirements for nuclear fuel. This is crucial as many nations look to reduce their carbon footprints while keeping their energy grids robust.
Through the intricate and technically demanding process of uranium enrichment, Centrus Energy finds its primary revenue stream. The product it delivers, Enriched Uranium Product (EUP), plays a vital role in the global quest for sustainable energy. Working to diversify and modernize its capabilities, Centrus has embraced new innovation paths like the AC-100M centrifuge. By doing so, they ensure consistent efficiency in uranium enrichment, aligning with both current demands and future aspirations of nuclear energy advancements. As economies seek stable and low-carbon energy solutions, Centrus Energy Corp.’s strategic maneuvers in technology and supply chain positions it well to serve as a linchpin in this evolving energy narrative.
Centrus Energy Corp., a company overlooked by many outside the niche of nuclear energy, stands as a critical player in the complex world of uranium enrichment. Long rooted in the legacy of governmental atomic development, Centrus was set free to sail into the seas of the private sector with its public listing. The company primarily caters to utilities engaged in nuclear power generation through the production and supply of enriched uranium. With a keen focus on the future of energy needs, Centrus utilizes advanced technology to meet the stringent requirements for nuclear fuel. This is crucial as many nations look to reduce their carbon footprints while keeping their energy grids robust.
Through the intricate and technically demanding process of uranium enrichment, Centrus Energy finds its primary revenue stream. The product it delivers, Enriched Uranium Product (EUP), plays a vital role in the global quest for sustainable energy. Working to diversify and modernize its capabilities, Centrus has embraced new innovation paths like the AC-100M centrifuge. By doing so, they ensure consistent efficiency in uranium enrichment, aligning with both current demands and future aspirations of nuclear energy advancements. As economies seek stable and low-carbon energy solutions, Centrus Energy Corp.’s strategic maneuvers in technology and supply chain positions it well to serve as a linchpin in this evolving energy narrative.
Milestone Year: Centrus marked a milestone year with the launch of commercial centrifuge manufacturing and a major $900 million HALEU enrichment award from the Department of Energy.
2025 Results: Reported full-year 2025 revenue of $448.7 million, gross profit of $117.5 million, and net income of $77.8 million, with most revenue from the LEU business.
Backlog & Funding: Company backlog reached $3.8 billion, supported by a strong $2 billion cash balance and successful capital raises.
2026 Guidance: Provided 2026 revenue guidance of $425 million to $475 million and capital spend of $350 million to $500 million, with expectations for at least 150 net new employees.
Execution Focus: Management emphasized reducing lead times and unit costs, leveraging partnerships like Fluor, and maintaining a well-capitalized balance sheet to accelerate build-out.
Market Demand: Increasing demand for LEU and HALEU driven by electrification, Russia's exit from the market, and national security needs, with LEU pricing up 24% CAGR from 2019 to 2025.
National Security Position: Centrus is the only production-ready domestic enrichment option and was notified of sole-source intent by the National Nuclear Security Administration.
