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Century Aluminum Co

CENX · Materials

Last earnings Aug 6, 2026

Key results

Net revenuequarter

$ 649.2

First Quarter 2026 Financial Results $MM (except shipments and per share data) Q1 2026 Q4 2025 Aluminum shipments (tonnes) 122,865 140,257 Net sales $ 649.2 $ 633.7 Net income attributable to Century $ 337.5 $ 1.8 Diluted earnings per share attributable to Century $ 3.23 $ 0.02 Adjusted net income attributable to Century (1) $ 170.7 $ 128.2 Adjusted earnings per common share (1) $ 1.63 $ 1.25 Adjusted EBITDA attributable to Century (1) $ 231.4 $ 170.6 Notes (1) Non-GAAP measure see reconciliation of GAAP to non-GAAP financial measures.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Net incomequarter

$ 337.5

First Quarter 2026 Financial Results $MM (except shipments and per share data) Q1 2026 Q4 2025 Aluminum shipments (tonnes) 122,865 140,257 Net sales $ 649.2 $ 633.7 Net income attributable to Century $ 337.5 $ 1.8 Diluted earnings per share attributable to Century $ 3.23 $ 0.02 Adjusted net income attributable to Century (1) $ 170.7 $ 128.2 Adjusted earnings per common share (1) $ 1.63 $ 1.25 Adjusted EBITDA attributable to Century (1) $ 231.4 $ 170.6 Notes (1) Non-GAAP measure see reconciliation of GAAP to non-GAAP financial measures.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

EPSquarter

$ 3.23

First Quarter 2026 Financial Results $MM (except shipments and per share data) Q1 2026 Q4 2025 Aluminum shipments (tonnes) 122,865 140,257 Net sales $ 649.2 $ 633.7 Net income attributable to Century $ 337.5 $ 1.8 Diluted earnings per share attributable to Century $ 3.23 $ 0.02 Adjusted net income attributable to Century (1) $ 170.7 $ 128.2 Adjusted earnings per common share (1) $ 1.63 $ 1.25 Adjusted EBITDA attributable to Century (1) $ 231.4 $ 170.6 Notes (1) Non-GAAP measure see reconciliation of GAAP to non-GAAP financial measures.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Century reported Net income attributable to Century of $337.5 million for the first quarter of 2026, a $335.7 million increase sequentially.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

The increase in net earnings during the first quarter of 2026 was primarily attributable to a one-time gain on sale of Hawesville of $287.9 million, a gain on insurance proceeds related to Iceland equipment failure of $33.0 million, favorable realized LME and regional premium prices, partially offset by unfavorable power price realization due to extreme winter weather in the United States and unfavorable raw material price realization.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Adjusted net incomequarter

$170.7 million

Therefore, Century reported an Adjusted net income attributable to Century of $170.7 million for the first quarter of 2026, a $42.5 million increase sequentially.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Holly emergency energy charges 13.3 0.13 0.4 Adjusted net income attributable to Century $ 170.7 $ 1.63 $ 128.2 $ 1.25 (1) Represents impact of property damage and business interruption as a result of equipment failure at Grundartangi (2) Represents Century's 55% incremental and fixed costs incurred while alumina production at Jamalco was restarted after Hurricane Melissa (3) Represents incremental costs associated with the Mt.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

AI analysis

Q1 2026 · reported May 7, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

EPS · Q1 2026
$ 3.23
EX-99 · May 7, 2026
Adjusted net income · Q1 2026
$170.7M
EX-99 · May 7, 2026
Net revenue · Q1 2026
$ 649.2
EX-99 · May 7, 2026
Net income · Q1 2026
$ 337.5
EX-99 · May 7, 2026

Headline figures

MetricQ1 2026Prior qtrYear ago
Net revenue$ 649.2——
Net income$ 337.5——
EPS$ 3.23——
Adjusted net income$170.7 million——

EX-99 · May 7, 2026

Guidance · company-stated

No guidance located in the held release

Outlook statement

“Third Quarter 2026 Outlook The Company expects third quarter Adjusted EBITDA attributable to Century to range between $325 million to $345 million .”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Century's liquidity position at March 31, 2026 was $611.0 million, comprised of cash and cash equivalents of $244.1 million, restricted cash proceeds from the sale of Hawesville of $88.1 million, and $278.8 million in combined borrowing availability.

Century and Glencore enter into various transactions from time to time, such as the purchase and sale of primary aluminum, alumina and other raw materials; tolling agreements; forward financial contracts and borrowing and other debt transactions.

Company-stated claims

Mar 3, 2026

Forward-looking · double · production_deliveries

“6 Table of Contents Since our purchase of the Vlissingen facility, we have completed a variety of expansion projects and efficiency programs in order to more than double its production capacity.”

10-K · Mar 3, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Century Aluminum Co Q1 2026 — First Quarter 2026 Financial Results $MM (except shipments and per share data) Q1 2026 Q4 2025 Aluminum shipments (tonnes) 122,865 140,257 Net sales $ 649.2 $ 633.7 Net income attributable to Century…

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Century's liquidity position at March 31, 2026 was $611.0 million, comprised of cash and cash equivalents of $244.1 million, restricted cash proceeds from the sale of Hawesville of $88.1 million, and $278.8 million in combined borrowing availability.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Century and Glencore enter into various transactions from time to time, such as the purchase and sale of primary aluminum, alumina and other raw materials; tolling agreements; forward financial contracts and borrowing and other debt transactions.

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

Summary A summary of the aforementioned significant related party sales and purchases is as follows: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Net sales to Glencore $ 330.9 $ 367.6 $ 636.8 $ 746.3 Purchases from Glencore 104.3 51.8 168.5 140.1 Vlissingen Credit Facility On December 9, 2022, Vlissingen entered into a Facility Agreement with Glencore International AG, which was amended and extended on October 1, 2024 (as amended, the Vlissingen Credit Facility ).

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

The availability period for borrowings under the Vlissingen Credit Facility was extended by two years and now ends on December 2, 2026.

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

As of June 30, 2026, there were no outstanding borrowings under the Vlissingen Credit Facility .

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

Debt for additional information.

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

Strategy & priorities

Business Highlights Net sales of $649.2 million increased sequentially Achieved adjusted EBITDA attributable to Century of $231.4 million Received insurance proceeds totaling $83 million to date related to Iceland equipment failure Initiated expansion of last 90 pots at Mt.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Holly expansion project expenses of $7.5 million and Hawesville inventory write-down of $3.3 million.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Second Quarter 2026 Outlook The Company expects second quarter Adjusted EBITDA to range between $315 to $335 million primarily driven by higher realized LME and regional premiums and the expansion at Mt.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Under certain circumstances, the indenture and the security documents governing the 2032 Notes will permit us and the Guarantors to incur additional debt that also may be secured by liens on the collateral that are equal to or have priority over the liens securing the 2032 Notes.

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

Risks & headwinds

However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Given these uncertainties, the reader is cautioned not to place undue reliance on our forward-looking statements.

SEC original ↗Century Aluminum Co — Earnings release (8-K exhibit)EX-99May 7, 2026

Legal Proceedings 40 Item 1A.

SEC original ↗Century Aluminum Co — 10-Q Quarterly report10-QAug 6, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials
Documents

Filings

30 documents

Earnings releases

10 documents

Presentations

0 documents

No presentations for Century Aluminum Co are held in this edition of the library.

Transcripts

0 documents

No transcripts for Century Aluminum Co are held in this edition of the library.

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