Centrus Energy Corp. reported third-quarter 2026 GAAP net income of $31.6 million, or $1.41 diluted per share, compared to $3.9 million in the prior-year period. The increase was primarily driven by a $46.4 million non-cash gain from the fair value adjustment of warrant liabilities and higher investment income. Revenue declined 26% year-over-year to $55.5 million due to lower uranium sales volumes, partially offset by increased separative work unit revenue. On an adjusted basis, the company reported a net loss of $9.4 million. The company's total backlog grew to $7.0 billion as of September 30, 2026, extending to 2040, with contingent LEU and HALEU commitments reaching $5.4 billion. Centrus Energy Corp. is a nuclear fuel supplier providing uranium enrichment services and technical solutions for the commercial and government sectors.
