Companies /Energy

Centrus Energy Corp - Class A

NYSE MKT: LEU Uranium
$194.78
â–² $7.15 (+3.81%) today
Markets closed · 10:07pm ET

Q3 2025 Earnings

Reported Nov 5, 2025, 5:05pm ET · SEC source
$0.19
Miss −46.75%
EPS · est. $0.36
$74.9M
Miss −6.79%
Revenue · est. $80.4M
−6.6%
Trailing market
LEU vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−7%0+7%Nov 5Nov 6report 5:05pm ETearnings−0.8%−9.1%
−7%0+7%Nov 5Nov 6earnings−0.8%−9.1%
LEU −9.1%S&P 500 −0.8%
−7%0+7%Nov 5Nov 6report 5:05pm ETearnings−1.5%−9.1%
−7%0+7%Nov 5Nov 6earnings−1.5%−9.1%
LEU −9.1%NASDAQ −1.5%
−18%−9%0+9%Nov 4Nov 13report 5:05pm ETearnings−0.8%−16.8%
−18%−9%0+9%Nov 4Nov 13earnings−0.8%−16.8%
LEU −16.8%S&P 500 −0.8%
−18%−9%0+9%Nov 4Nov 13report 5:05pm ETearnings−2.4%−16.8%
−18%−9%0+9%Nov 4Nov 13earnings−2.4%−16.8%
LEU −16.8%NASDAQ −2.4%
−14.72%
Day of report
+5.90%
Next session
−8.61%
One week
−4.71%
30 days

S&P 500 over the same 30 days: +1.90%.

Did LEU Beat Earnings? Q3 2025 Results

Centrus Energy delivered a mixed third quarter, beating earnings expectations but falling short on revenue as shares slipped following the report. The nuclear fuel supplier posted earnings per share of $0.19 against an $0.08 consensus estimate while revenue of $74.90 million trailed the $79.43 million analyst forecast, rising 30% from $57.70 million a year ago. The path to profitability was unconventional: the company swung from a net loss of $5.00 million to net income of $3.90 million not on operational strength, but largely through an $11.90 million tax benefit and $12.90 million in investment income, even as its LEU segment posted a gross loss of $7.80 million due to unfavorable contract mix. The quarter's defining balance sheet event was an $805.00 million convertible note issuance that swelled Centrus's cash to $1.63 billion, funding its push to expand domestic uranium enrichment at Piketon, Ohio, backed by a $3.90 billion backlog extending to 2040 and a new partnership with Korean entities KHNP and POSCO International.

Key Takeaways
  • 30% year-over-year revenue growth driven by uranium sales of $34.1 million and increased Technical Solutions revenue
  • HALEU Operation Contract revenue increase of $7.3 million in Technical Solutions
  • Income tax benefit of $11.9 million contributing to net income swing
  • Investment income of $12.9 million from expanded cash balance

“Centrus continued to build on its strong year-to-date financial results in the third quarter while making significant progress in preparation for our enrichment build-out.”

Centrus Energy CEO, on the earnings call

Forward Guidance & Outlook

Centrus has a total backlog of $3.9 billion extending to 2040, with approximately $3.0 billion in the LEU segment and $0.9 billion in Technical Solutions. The LEU backlog includes approximately $2.3 billion in contingent sales commitments tied to potential construction of LEU production capacity at Piketon, Ohio, dependent on securing substantial public and private investment. The company has secured U.S. government import waivers for 2026 and 2027 Russian LEU deliveries. Centrus has signed an agreement with KHNP and POSCO International for potential investment to support Piketon expansion and has begun hiring ahead of the planned enrichment plant build-out. Management notes LEU SWU prices are near historic highs with accelerating market demand for U.S.-owned enrichment supply.

LEU YoY Financials

Revenue$74.9M
Gross Profit$-4,300,000
Operating Income$-16,600,000
Net Income$3.9M

LEU Revenue by Segment

LEU
Separative Work Units$10.7M
Technical Solutions$30.1M+31.0%
Uranium$34.1M

Figures from SEC filings and company reports. Not investment advice.