Centrus Energy

LEU Q2 2025 Earnings

Reported Aug 5, 2025 at 4:58 PM ET · SEC Source

Q2 25 EPS

$1.59

BEAT +176.28%

Est. $0.58

Q2 25 Revenue

$154.5M

BEAT +18.30%

Est. $130.6M

vs S&P Since Q2 25

-35.8%

TRAILING MARKET

LEU -20.0% vs S&P +15.9%

Market Reaction

Did LEU Beat Earnings? Q2 2025 Results

Centrus Energy delivered a decisive earnings beat in the second quarter of 2025, with earnings per share of $1.59 clearing the $0.58 consensus estimate by 176.28% as the nuclear fuel supplier's contract mix proved far more lucrative than analysts had… Read more Centrus Energy delivered a decisive earnings beat in the second quarter of 2025, with earnings per share of $1.59 clearing the $0.58 consensus estimate by 176.28% as the nuclear fuel supplier's contract mix proved far more lucrative than analysts had anticipated. Revenue came in at $154.50 million, beating expectations by 18.30%, even as the top line fell 18.3% year-over-year from $189.00 million, a decline tied to lower volumes of separative work units and uranium sold in the LEU segment. The key driver behind the profit outperformance was a 24% increase in the average SWU selling price alongside improved unit costs, which propelled LEU segment gross profit up 54% to $50.70 million. Complementing that, the Technical Solutions segment posted $28.80 million in revenue, up 48% year-over-year, fueled by expanded activity under its HALEU contract with the Department of Energy. Looking ahead, Centrus carries a $3.60 billion backlog extending to 2040, and the company recently launched a $650 million convertible notes offering to further bolster its financial flexibility as domestic enrichment investment builds.

Key Takeaways

  • 24% increase in average SWU selling price partially offset lower SWU volumes
  • 8% decrease in average unit cost of SWU sold improved LEU margins
  • Favorable contract composition drove 54% increase in LEU segment gross profit
  • $9.1 million increase in HALEU Operation Contract revenue drove Technical Solutions growth
  • Lower uranium sales volume reduced overall revenue
24/7 Wall St

LEU YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

LEU Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Centrus delivered another strong quarter of revenue and margins while successfully continuing our preparations ahead of our future enrichment build-out.”

— Amir Vexler, Q2 2025 Earnings Press Release