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LEU Completes Phase II HALEU Delivery to Department of Energy
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Key Takeaways
Centrus Energy completed Phase II by delivering 900 kg of HALEU to the Department of Energy.
The HALEU was produced at Centrus Energy's Ohio facility using advanced centrifuge technology.
LEU begins Phase III with a contract extension and potential for eight more years of HALEU supply.
Centrus Energy Corp. (LEU - Free Report) recently announced that its subsidiary, American Centrifuge Operating, LLC, has achieved a significant milestone of producing and delivering 900 kilograms of High-Assay, Low-Enriched Uranium (HALEU) to the U.S. Department of Energy. This marks the achievement of Phase II production targets under the company's contract with the U.S. Department of Energy.
Details of Centrus Energy’s HALEU Production
The Department of Energy initiated the contract in 2019 and re-awarded it in 2022. The contract has seen significant progress, including the completion of Phase I in 2023, where Centrus Energy successfully delivered the initial HALEU product using its advanced centrifuge technology in Piketon, OH.
To date, Centrus Energy has successfully delivered over 920 kilograms of HALEU to the department. The production under this contract is owned by the Department of Energy. It can be utilized to support national priorities, such as accelerating the development and commercialization of advanced reactors that use HALEU fuel.
With Phase II now completed, Centrus Energy is advancing to Phase III of its HALEU production contract with the Department of Energy, having secured a one-year extension through June 2026. The contract offers potential for long-term production, with options for up to eight additional years.
As the exclusive Western supplier of HALEU enrichment, Centrus Energy is focused on expanding its Ohio capacity to meet the full spectrum of U.S. needs — from next-gen reactors to existing fleet requirements — under the Department of Energy contract.
LEU’s Q1 Performance
Centrus Energy reported quarterly earnings of 91 cents per share in the first quarter, beating the Zacks Consensus Estimate of a loss of 10 cents per share. This compares with a loss of 38 cents per share a year ago.
The company posted revenues of $73 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate of $65 million. It reported revenues of $44 million in the year-ago quarter.
Centrus Energy Stock Price Performance
In the past year, shares of Centrus Energy have skyrocketed 311.8% against the industry’s 15.9% decline.
Image Source: Zacks Investment Research
LEU’s Zacks Rank & Stocks to Consider
Centrus Energy currently has a Zacks Rank #3 (Hold).
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.20 per share, which indicates year-over-year growth of 51.9%. Carpenter Technology’s shares have surged 111% in the last year.
SSR Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM’s 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining’s stock has soared 88.6% in the last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI’s shares have jumped 54% in the last year.
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LEU Completes Phase II HALEU Delivery to Department of Energy
Key Takeaways
Centrus Energy Corp. (LEU - Free Report) recently announced that its subsidiary, American Centrifuge Operating, LLC, has achieved a significant milestone of producing and delivering 900 kilograms of High-Assay, Low-Enriched Uranium (HALEU) to the U.S. Department of Energy. This marks the achievement of Phase II production targets under the company's contract with the U.S. Department of Energy.
Details of Centrus Energy’s HALEU Production
The Department of Energy initiated the contract in 2019 and re-awarded it in 2022. The contract has seen significant progress, including the completion of Phase I in 2023, where Centrus Energy successfully delivered the initial HALEU product using its advanced centrifuge technology in Piketon, OH.
To date, Centrus Energy has successfully delivered over 920 kilograms of HALEU to the department. The production under this contract is owned by the Department of Energy. It can be utilized to support national priorities, such as accelerating the development and commercialization of advanced reactors that use HALEU fuel.
With Phase II now completed, Centrus Energy is advancing to Phase III of its HALEU production contract with the Department of Energy, having secured a one-year extension through June 2026. The contract offers potential for long-term production, with options for up to eight additional years.
As the exclusive Western supplier of HALEU enrichment, Centrus Energy is focused on expanding its Ohio capacity to meet the full spectrum of U.S. needs — from next-gen reactors to existing fleet requirements — under the Department of Energy contract.
LEU’s Q1 Performance
Centrus Energy reported quarterly earnings of 91 cents per share in the first quarter, beating the Zacks Consensus Estimate of a loss of 10 cents per share. This compares with a loss of 38 cents per share a year ago.
The company posted revenues of $73 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate of $65 million. It reported revenues of $44 million in the year-ago quarter.
Centrus Energy Stock Price Performance
In the past year, shares of Centrus Energy have skyrocketed 311.8% against the industry’s 15.9% decline.
Image Source: Zacks Investment Research
LEU’s Zacks Rank & Stocks to Consider
Centrus Energy currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (CRS - Free Report) , SSR Mining Inc. (SSRM - Free Report) and ATI Inc. (ATI - Free Report) . While Carpenter Technology sports a Zacks Rank #1 (Strong Buy) at present, SSR Mining and ATI carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.20 per share, which indicates year-over-year growth of 51.9%. Carpenter Technology’s shares have surged 111% in the last year.
SSR Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM’s 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining’s stock has soared 88.6% in the last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI’s shares have jumped 54% in the last year.