Century Aluminum (CENX)
NASDAQ:CENX
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.34Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook: strong Q1 operating and financial performance (notably adjusted EBITDA growth, higher realized prices, improved cash and reduced net debt), successful progress on Mt. Holly expansion and Grundartangi restart, and a supportive market backdrop due to Middle East disruptions that widen the global deficit. Near-term headwinds include higher energy and raw material costs, insurance reimbursement timing, Jamalco bauxite quality issues, and temporary production constraints tied to equipment and contractual lags. Management provided constructive Q2 guidance and highlighted material upside if current spot prices roll through in later quarters.Company Guidance
Adjusted EBITDA Growth and Strong Q1 Profitability
Adjusted EBITDA of $231 million in Q1, up $60 million sequentially (approx. +35.1%) driven by higher LME and regional premiums, improved operating expenses and favorable sales mix.
Higher Realized Prices and Regional Premiums
Realized LME of $2,900/ton (up ~$285 QoQ, ~+10.9%), U.S. Midwest premium of $2,200/ton (up ~$420 QoQ, ~+23.6%) and European premium of $310/ton (up ~$80 QoQ, ~+34.8%), contributing ~ $85 million of benefit vs prior quarter.
Strong Cash Position and Net Debt Reduction
Cash balance of $332 million (includes Hawesville proceeds) and net debt reduced to $220 million, achieving the company's target of < $300 million and providing liquidity for growth and capital allocation.
Mt. Holly Expansion Progress and Impact
Mt. Holly expansion is on schedule (first pots started ~3 weeks ago), will raise Mt. Holly production to ~230,000 metric tons, add over 125 full-time U.S. manufacturing jobs and increase total U.S. primary aluminum production by nearly 10%; management expects the project to fully repay its capital cost by end of 2026.
Grundartangi Restart Advancing
Potline 2 restart at Grundartangi began April 23 and is on schedule to restore all pots by end of July; anticipated production from this restart is included in Q2 and full-year guidance.
Q2 Outlook and Near-Term Upside
Q2 guidance for adjusted EBITDA of $315 million to $335 million based on lagged realized prices (expected realized LME $3,175/ton, U.S. Midwest premium $2,450/ton, European duty paid premium $485/ton). Management notes current spot levels could add materially (Pete estimated an incremental ~$70–75 million from spot vs. the Q2 guide and suggested a potential ~$400 million quarterly run rate if spot rolled through).
Progress on Large-Scale Oklahoma Smelter Project
Oklahoma smelter with EGA advancing engineering, power and financing discussions; planned capacity of 750,000 metric tons (would more than double U.S. aluminum production) and expected to benefit from DOE support (confirmatory discussions on a $500 million grant).
Operational Performance Across Assets
Smelters delivered excellent Q1 operating performance: strong quarters at Grundartangi, Mt. Holly and Sebree; Sebree overcame winter storm energy impacts; Jamalco progressing on steam turbine TG4 commissioning.
Tax Credits and Insurance Recoveries
45X tax credits receivable of $198 million (expecting ~$94 million for 2025 soon). Insurance recoveries totaled $83 million to date with a $46 million advance received in April to help cash flow timing.
CENX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CENX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $60.58 | $58.91 | -2.76% |
Feb 19, 2026 | $52.50 | $52.64 | +0.27% |
Nov 06, 2025 | $28.98 | $33.05 | +14.04% |
Aug 07, 2025 | $22.64 | $23.01 | +1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Century Aluminum (CENX) report earnings?
Century Aluminum (CENX) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Century Aluminum (CENX) earnings time?
Century Aluminum (CENX) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CENX EPS forecast?
CENX EPS forecast for the fiscal quarter 2026 (Q2) is 2.34.