LEU 8-K filings, explained
Every material Form 8-K Centrus Energy has filed with the SEC since February 10, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Briefs on record3since Feb 10, 2026
Latest filingNov 04, 2026earnings
High impact (4-5)7of 12 briefs
TonePositive1Mixed5Neutral6
earnings 3product/contract 3shareholder 2other 1m&a 1financing 1guidance 1
2026
Nov 4, 4:39 PM ET
Centrus Energy reported third quarter 2026 revenue of $55.5 million, down 26% from $74.9 million a year earlier, and a gross loss of $10.6 million. GAAP net income rose to $31.6 million, but that result includes a $46.4 million gain from revaluing warrant liabilities, and the company reported an adjusted net loss of $9.4 million. The filing also updated full-year 2026 guidance and said the DOE does not currently intend to exercise further options under the HALEU Operation Contract.
- Q3 2026 revenue was $55.5 million versus $74.9 million in Q3 2025; gross loss widened to $10.6 million from $4.3 million.
- GAAP net income was $31.6 million ($1.41 diluted EPS), including a $46.4 million warrant fair value gain; adjusted net loss was $9.4 million versus adjusted net income of $5.2 million a year earlier.
- Full-year 2026 revenue guidance is $450 million to $500 million, and total capital deployment is expected at $350 million to $500 million.
- The current DOE budget proposal for fiscal 2027 does not fund HALEU Operation Contract cascade operations, which represents about $0.8 billion of Technical Solutions backlog.
Read the filing on SEC.gov ↗
Oct 29, 8:29 AM ET
Centrus Energy said its Oak Ridge, Tennessee plant has completed and shipped the first new centrifuge for its multibillion-dollar uranium enrichment expansion, with components to be assembled in Ohio. The company said this and a complete domestic supply chain were achieved ahead of its previously announced year-end target, but the filing contains no financial results or updated guidance.
- First new centrifuge completed and shipped from Oak Ridge on October 29, 2026, ahead of the previously announced year-end target.
- Centrus said it completed its acquisition of Westerman Holdings, a supplier of centrifuge casings, earlier in October 2026.
- The company announced a $560 million investment in January 2026 to expand its Oak Ridge plant, and first new capacity in Ohio is expected to come online in 2029.
Read the filing on SEC.gov ↗
Oct 19, 7:41 AM ET
Centrus Energy Corp. bought 100% of Westerman Holdings, LLC on October 16, 2026, from the trustee of the Westerman Employee Stock Ownership Trust for approximately $116.0 million. Westerman already makes centrifuge casings and other major components for Centrus, and the company says the deal secures that supply chain and diversifies its revenue into non-nuclear markets. Centrus expects the acquisition to be accretive to adjusted earnings per share in the first year after closing, and it issued $21.0 million of Class A common stock as part of the price.
- Purchase price of approximately $116.0 million, including $95.0 million in cash and $21.0 million in Class A common stock, closed October 16, 2026.
- About $31.5 million went to Westerman subordinated noteholders and $12.7 million to its term loan lender, paid out of the purchase price.
- Centrus expects the deal to be accretive to adjusted EPS in the first year after closing; the price is subject to a customary working capital adjustment.
- Westerman has about 400 employees and four facilities in Ohio, Oklahoma and Wyoming, and Centrus plans to file a shelf registration for the stock issued.
Read the filing on SEC.gov ↗
Sep 11, 4:45 PM ET
On September 9, 2026, Centrus Energy priced an underwritten offering of Class A common stock, pre-funded warrants and common warrants, with gross proceeds expected to be about $500 million before underwriting discount and expenses. Closing is expected on or about September 11, 2026, and the company said proceeds may fund working capital, technology, debt repayment, capital expenditures and acquisitions. The filing also discloses advanced talks on a potential acquisition of a domestic manufacturing supplier for about $115 million to $125 million, but no definitive agreement has been signed, and the new warrants could dilute existing shareholders if exercised.
- Offering of 500,000 Class A shares, pre-funded warrants for 2,005,513 shares and common warrants for up to 6,992,382 shares, priced at a combined $199.64 per share
- Gross proceeds expected to be about $500 million, before underwriting discount and other offering expenses; closing expected on or about September 11, 2026
- Common warrants have four exercise price series from $226.8625 to $362.9800 per share
- Company is in advanced discussions on a potential acquisition priced at about $115 million to $125 million; target generated about $160 million of revenue in 2025, and no definitive agreement has been signed
Read the filing on SEC.gov ↗
Aug 18, 4:55 PM ET
Centrus Energy's Compensation, Nominating & Governance Committee approved a one-time grant of performance-based restricted stock units to executive officers and certain senior leaders on August 15, 2026, under a new 2026 Supplemental Executive Incentive Plan. The awards vest only if the company meets specified milestones, including completing a first cascade at its Piketon, Ohio facility and achieving enrichment from a first cascade, and are forfeited if employment ends before vesting.
- Grant approved August 15, 2026 under the 2026 Plan, which sits under the 2014 Equity Incentive Plan
- CEO Amir V. Vexler's awards, valued at $5,000,000 at full achievement, vest 100% on the Final Milestone
- Other named executive officers' awards vest 30% on the first cascade at Piketon, Ohio and 70% on the Final Milestone; named officers' values range from $1,300,000 to $2,000,000 at full achievement
- Award agreements will be filed as exhibits to the Form 10-Q for the quarter ending September 30, 2026
Read the filing on SEC.gov ↗
Aug 5, 4:37 PM ET
Centrus Energy reported second quarter 2026 revenue of $176.1 million, up 14% from $154.5 million a year earlier, but GAAP net income fell to $16.8 million from $28.9 million, or $0.77 per diluted share versus $1.59. Non-GAAP adjusted net income rose to $38.7 million from $34.5 million, and the company updated some full-year 2026 guidance, including total revenue of $450 million to $500 million.
- Q2 2026 revenue of $176.1 million vs. $154.5 million in Q2 2025; LEU segment revenue rose 22% to $153.4 million.
- GAAP net income of $16.8 million ($0.85 basic, $0.77 diluted EPS) vs. $28.9 million in Q2 2025, driven by higher SG&A and advanced technology costs.
- Adjusted net income of $38.7 million vs. $34.5 million; adjusted diluted EPS of $1.77 vs. $1.90.
- 2026 guidance: total revenue of $450 million to $500 million and total capital deployment of $350 million to $500 million.
Read the filing on SEC.gov ↗
Jul 2, 1:47 PM ET
Centrus Energy's subsidiary American Centrifuge Operating signed a $900 million fixed-price contract with the U.S. Department of Energy on June 30, 2026, to deploy HALEU enrichment capacity at its Piketon, Ohio facility. The contract replaces a demonstration contract as the company moves toward commercial production, and the press release says the total value with options is $1.07 billion.
- Firm fixed price of $900 million, paid as performance-based milestone payments, with one metric ton of HALEU UF6 to be delivered by March 2032
- Two options at the Department's discretion, each for five metric tons at $17 million per metric ton ($85 million per five metric tons), for a total of $170 million in options
- Demonstration contract extended three months with a $15 million HALEU storage extension; first new capacity expected to come online by 2029
Read the filing on SEC.gov ↗
Jun 18, 4:47 PM ET
Centrus Energy stockholders approved a seventh amendment to the company's Section 382 rights agreement at the June 18, 2026 annual meeting. The amendment extends the plan's final expiration date to June 30, 2029 and raises the purchase price per preferred share fraction, which the company says reflects the rise in its Class A common stock price. The company says the plan is intended to preserve its net operating loss carryforwards and other tax benefits for stockholders, and that it was not adopted in response to any effort to acquire control.
- Final Expiration Date extended from June 30, 2026 to June 30, 2029.
- Purchase price per one one-thousandth of a Series A preferred share increased from $160.38 to $1,143.95.
- Stockholders approved the amendment on June 18, 2026 with 7,664,845 votes for and 853,077 against.
- Yanhong Dai appointed principal accounting officer effective June 18, 2026, with a $250,000 base salary; Todd M. Tinelli remains CFO.
Read the filing on SEC.gov ↗
May 5, 4:41 PM ET
Centrus Energy reported first-quarter 2026 revenue of $76.7 million, up 5% from a year earlier, but GAAP net income fell to $10.0 million from $27.2 million as advanced technology costs rose. The company raised its full-year 2026 revenue guidance, which it attributes to commercial progress, and expects total capital deployment of $350 million to $500 million for the year.
- Q1 2026 revenue was $76.7 million, up $3.6 million (5%) from $73.1 million in Q1 2025.
- GAAP net income was $10.0 million, down from $27.2 million; adjusted net income was $23.5 million, down from $28.6 million.
- Full-year 2026 revenue guidance was raised to $450 million to $500 million from $425 million to $475 million.
- Total capital deployment for 2026 is expected to be $350 million to $500 million.
Read the filing on SEC.gov ↗
Apr 20, 7:02 AM ET
Centrus Energy's subsidiary American Centrifuge Operating signed a construction contract dated April 16, 2026, with Geiger Brothers for its Piketon, Ohio uranium enrichment expansion. The contract is capped at $900 million, and the final cost will depend on the detailed work the company authorizes, so shareholders will see the actual spending as task releases are issued.
- Contract dated April 16, 2026; Geiger Brothers is the primary construction contractor for the Piketon, Ohio expansion project.
- Aggregate payments are capped at $900 million under a time and materials structure with agreed labor rates.
- Performance period runs through January 30, 2031.
- The company expects to file the full contract as an exhibit to its Form 10-Q for the quarter ending June 30, 2026.
Read the filing on SEC.gov ↗
Feb 11, 7:06 AM ET
Centrus subsidiary American Centrifuge Operating signed an engineering, procurement and construction agreement with Fluor Federal Services on February 9, 2026, for design, construction and commissioning of its planned uranium enrichment facility in Piketon, Ohio. The contract is time and materials priced and total cost depends on scopes authorized in stages, so the filing gives no total contract value.
- Agreement signed February 9, 2026 with Fluor Federal Services, Inc., covering the Piketon, Ohio enrichment expansion
- Pricing is time and materials; ACO authorizes funds incrementally by stage gate, and the total price is not stated
- Either party may terminate for convenience; a termination fee of $24 million applies in the first 12 months, declining by $2 million each month
- Full agreement expected to be filed as an exhibit to the Form 10-Q for the quarter ending March 31, 2026
Read the filing on SEC.gov ↗
Feb 10, 4:52 PM ET
Centrus Energy reported full-year 2025 revenue of $448.7 million and net income of $77.8 million, both up from 2024, and ended the year with $2.0 billion in unrestricted cash. Diluted earnings per share fell to $3.90 from $4.47, as the diluted share count rose to 19,925 thousand from 16,373 thousand, and fourth-quarter net income dropped to $17.8 million from $53.7 million. The company also guided to 2026 total revenue of $425 million to $475 million.
- Full-year 2025 revenue was $448.7 million, up from $442.0 million in 2024; gross profit was $117.5 million, up from $111.5 million.
- Diluted net income per share was $3.90 for 2025, down from $4.47 in 2024; basic was $4.33 versus $4.49.
- Fourth-quarter 2025 net income was $17.8 million, down from $53.7 million a year earlier; diluted EPS was $0.79 versus $3.20.
- For 2026, Centrus expects total revenue of $425 million to $475 million and total capital deployment of $350 million to $500 million.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Centrus Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →