Century Aluminum Reports $249M Q2 Profit, Guides Q3 EBITDA to $325M–$345M
CENX has more than doubled off its 52-week low of $20.91 on elevated volume (1.9× avg).
Summary
Century Aluminum posted Q2 2026 net income of $249.3 million and guided Q3 adjusted EBITDA to $325–345 million, reflecting strong aluminum prices and operational gains.
Key Events · Earnings and Guidance · CENX
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Q2 Earnings Beat
Net income attributable to Century came in at $249.3 million ($2.39 diluted EPS), a sequential decline from $337.5 million that reflects a prior-quarter gain on the Hawesville sale. Adjusted net income, however, rose to $257.3 million ($2.46 per share).
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Adjusted EBITDA Surge
Adjusted EBITDA attributable to Century reached $326.9 million, up $95.5 million from Q1, driven by higher realized metal prices, increased shipments, and favorable power costs.
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Q3 Guidance Issued
The company expects Q3 2026 adjusted EBITDA between $325 million and $345 million, indicating sustained strong performance.
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Liquidity and Deleveraging
Liquidity stood at $784.9 million as of June 30, 2026, and cash exceeded total debt by the end of July, reflecting a significantly strengthened balance sheet.
Analysis · CENX · Manufacturing
A strong second quarter saw Century Aluminum deliver net income of $249.3 million and adjusted EBITDA of $326.9 million, fueled by higher aluminum prices and a production boost from the Mt. Holly expansion and Grundartangi restart. Looking ahead, the company guided Q3 adjusted EBITDA to $325–345 million, signaling that momentum is likely to persist. The balance sheet continues to strengthen, with liquidity at $784.9 million and cash now exceeding total debt. While the results benefit from a favorable tariff backdrop and operational recovery, the material weakness in internal controls disclosed in the concurrent 10-Q remains a governance overhang.
At the time of this filing, CENX was trading at $46.27 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $20.91 to $70.43. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.