Jun 2026 (Q2 FY26) — Aug 6, 2026
Century Aluminum Q2 FY26 — Full Capacity Achieved, Strong Market, and Oklahoma Project Progress
Read the full callCentury Aluminum (CENX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Century Aluminum earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 752 | +19.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 28.1 | +25.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 249 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
21 of 35 judged targets kept · 39 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | $315 million to $335 million | Mar 2026 | Adjusted EBITDA for the quarter was $327 million, primarily attributable to higher LME and regional premiums and increased volume resulting from expanded output at Mt. Holly. | Achieved |
| Jamalco steam turbine project completion | Complete by year-end | Mar 2025 | At Jamalco, we brought our new power generation turbine known as TG4 online at the beginning of August. | Missed |
| Jamalco steam turbine cost savings realization | Begin realizing in Q1 2026 | Mar 2025 | At Jamalco, we brought our new power generation turbine known as TG4 online at the beginning of August. | Delayed |
14 of CENTURY ALUMINUM CO's 74 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 71 more targets are in the full ledger.
Claimed
- Completed Mt. Holly expansion to full capacity (90 pots) on time and on budget by late June, increasing U.S. primary aluminum production by nearly 10%.
- Restarted Grundartangi Line 2 by end of July, six months ahead of schedule, returning the plant to near full production.
- Reported adjusted net income of $257 million ($2.46 per share) and adjusted EBITDA of $327 million for Q2 FY26.
- Achieved a cash balance of $388 million by quarter-end, with net debt reduced to $98 million, and cash exceeding total debt as of end of July.
- Secured a significant policy incentive for the Oklahoma project, allowing import of up to 300,000 MT/year at a reduced 25% tariff rate starting 2027.
Qualified
- Experienced some instability at Mt. Holly following the restart, with impacts included in the Q3 outlook.
- Jamalco refinery continues to see lower quality bauxite from certain mining areas, posing a modest headwind to costs and volumes for another couple of quarters.
- Anticipates energy headwinds of $10 million to $15 million in Q3 due to warmer summer weather.
- Expects a small headwind of $5 million in Q3 from moderate increases in other raw material input costs.
- Forecasts a $20 million to $25 million headwind from realized hedge settlements in Q3, impacting adjusted net income.
Price
$34.36 −1.91% · −$0.67
Performance +5.9% 1Y
1Y: $32.46 on 17 Oct 2025 → $34.36. High $68.77 (2 Jun 2026), low $26.19 (20 Nov 2025).
- Previous close
- $35.03
- 52-week range
- $26.19 – $68.77
- One year
- +0.29%
Overview
- Symbol
- CENX
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
21 of 35 judged targets kept · 39 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | $315 million to $335 million | Mar 2026 | Adjusted EBITDA for the quarter was $327 million, primarily attributable to higher LME and regional premiums and increased volume resulting from expanded output at Mt. Holly. | Achieved |
| Jamalco steam turbine project completion | Complete by year-end | Mar 2025 | At Jamalco, we brought our new power generation turbine known as TG4 online at the beginning of August. | Missed |
| Jamalco steam turbine cost savings realization | Begin realizing in Q1 2026 | Mar 2025 | At Jamalco, we brought our new power generation turbine known as TG4 online at the beginning of August. | Delayed |
Claimed
- Completed Mt. Holly expansion to full capacity (90 pots) on time and on budget by late June, increasing U.S. primary aluminum production by nearly 10%.
- Restarted Grundartangi Line 2 by end of July, six months ahead of schedule, returning the plant to near full production.
- Reported adjusted net income of $257 million ($2.46 per share) and adjusted EBITDA of $327 million for Q2 FY26.
- Achieved a cash balance of $388 million by quarter-end, with net debt reduced to $98 million, and cash exceeding total debt as of end of July.
- Secured a significant policy incentive for the Oklahoma project, allowing import of up to 300,000 MT/year at a reduced 25% tariff rate starting 2027.
Qualified
- Experienced some instability at Mt. Holly following the restart, with impacts included in the Q3 outlook.
- Jamalco refinery continues to see lower quality bauxite from certain mining areas, posing a modest headwind to costs and volumes for another couple of quarters.
- Anticipates energy headwinds of $10 million to $15 million in Q3 due to warmer summer weather.
- Expects a small headwind of $5 million in Q3 from moderate increases in other raw material input costs.
- Forecasts a $20 million to $25 million headwind from realized hedge settlements in Q3, impacting adjusted net income.
The full ledger
Open CENTURY ALUMINUM CO’s full ledger
A free account opens 5 company ledgers a month. All 74 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Century Aluminum Company Q1 FY26 — Strong Operational Performance and Strategic Project Progress
Read the full callEvery analysed call
Century Aluminum earnings calls (CENX)
Financials
What the filings say
Net profit, year on year: +5520% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 539 | 631 | 634 | 628 | 632 | 634 | 649 | 752 |
| Operating profit | 59 | — | 43 | 18 | 56 | — | 374 | 212 |
| Operating margin | 10.9% | — | 6.8% | 2.9% | 8.8% | — | 57.6% | 28.1% |
| Net profit | 47 | 45 | 30 | -5 | 15 | 2 | 338 | 249 |
| EPS ($ per share) | 0.48 | — | 0.30 | -0.05 | 0.15 | — | 3.41 | 2.52 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -1,577 | -1,656 | -1,780 | -1,947 | -1,961 | -2,004 | -1,667 | -1,625 |
| Total liabilities | 775 | 825 | 854 | 1,149 | 1,073 | 1,502 | 1,315 | 1,339 |
| Fixed assets | 967 | 949 | 880 | 893 | 744 | 1,184 | 1,150 | 1,168 |
| Total assets | 1,538 | 1,500 | 1,400 | 1,570 | 1,472 | 2,029 | 2,120 | 2,269 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -69 | 18 | 43 | -65 | 26 | 106 | -25 | 185 |
| Cash from investing | -83 | -39 | -12 | -83 | -85 | -58 | -80 | -100 |
| Cash from financing | 24 | 21 | 14 | 104 | 74 | -13 | 50 | 15 |
| Net cash flow | -128 | 0 | 45 | -44 | 15 | 35 | -55 | 100 |
| Capital expenditure | -83 | -60 | -13 | -83 | -86 | -95 | -82 | -100 |
| Free cash flow | -152 | -42 | 30 | -148 | -60 | 11 | -107 | 85 |
CENX revenue by segment
| Segment | Q2 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Reportable | — | 100% | 100% | 100% | 100% | 100% | 100% | +19.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CENX operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Shipments | ~123K tonsQ1 shipments totaled approximately 123,000 tons, down sequentially due to Line 2 in Iceland being offline for the full quarter following its idling in late October 2025.Source: earnings call transcript | ~131K tonsOn a consolidated basis, second quarter shipments totaled approximately 131,000 tonnes, a 6% increase from the prior quarter due to additional production from the restart of Line 2 in Iceland and the Mt.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 84% ↑ 23 pt
- IS 16% ↓ 23 pt
As CENX cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
55 filings between Nov 10, 2025 and Jun 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$625.30M
13 sales by 9 insiders
15% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 21
- Award — granted as compensation
- 18
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts, 1 conversion.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GLENCORE INTERNATIONAL AG | — | $599.06M | Mar 4, 2026 |
| Gary Jesse E | — | $15.55M | Mar 16, 2026 |
| DeZee John | — | $3.35M | Feb 23, 2026 |
| Gudlaugsson Gunnar | — | $2.33M | Feb 25, 2026 |
| Hafberg Agust F | — | $1.17M | Feb 27, 2026 |
| Hoffman Robert F | — | $1.16M | Mar 11, 2026 |
| Calloway Kenneth L | — | $1.04M | Mar 12, 2026 |
| Trpkovski Peter A | — | $845.5K | Mar 25, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 15, 2026 | GLASSER ERROL Director | Award | 2,172 | $0 |
| Jun 15, 2026 | Olivier Tamla A Director | Award | 2,172 | $0 |
| Jun 15, 2026 | Bush Jennifer Mary Director | Award | 2,172 | $0 |
| Jun 15, 2026 | Michelmore Andrew G Director | Award | 2,172 | $0 |
| Jun 15, 2026 | Michelmore Andrew G Director | Tax withheld | 652 | $35.6K |
| Jun 15, 2026 | Berntzen Jarl Director | Award | 2,172 | $0 |
| Mar 25, 2026 | Trpkovski Peter A EVP, CFO | Sale | 16,739 | $845.5K |
| Mar 16, 2026 | Gary Jesse E President and CEO | Sale 10b5-1 plan | 150,000 | $8.32M |
| Mar 12, 2026 | Calloway Kenneth L SVP, Human Resources | Sale | 18,000 | $1.04M |
| Mar 11, 2026 | Hoffman Robert F SVP, IT and CAO | Sale | 10,529 | $595.0K |
| Mar 4, 2026 | Hoffman Robert F SVP, IT and CAO | Sale | 10,000 | $563.3K |
| Mar 4, 2026 | GLENCORE INTERNATIONAL AG 10% owner | Sale | 6,315,245 | $326.81M |
| Mar 3, 2026 | Aboud Matt SVP, Strategy & Business Dev't | Sale | 2,971 | $156.5K |
| Mar 2, 2026 | Aboud Matt SVP, Strategy & Business Dev't | Sale | 12,126 | $636.6K |
| Feb 27, 2026 | Hafberg Agust F SVP & Chief Commercial Officer | Sale | 22,884 | $1.17M |
| Feb 25, 2026 | Gudlaugsson Gunnar EVP - Global Operations | Sale | 43,000 | $2.33M |
| Feb 23, 2026 | DeZee John EVP, GC and Secretary | Sale | 66,000 | $3.35M |
| Feb 9, 2026 | Trpkovski Peter A EVP, CFO | Tax withheld | 4,240 | $230.5K |
| Jan 23, 2026 | Gary Jesse E President and CEO | Sale 10b5-1 plan | 150,000 | $7.23M |
| Jan 12, 2026 | Gary Jesse E President and CEO | Gift 10b5-1 plan | 314,611 | $0 |
| Jan 12, 2026 | Gary Jesse E President and CEO | Gift 10b5-1 plan | 314,611 | $0 |
| Jan 1, 2026 | Calloway Kenneth L SVP, Human Resources | Award | 5,238 | $0 |
| Jan 1, 2026 | Aboud Matt SVP, Strategy & Business Dev't | Award | 5,529 | $0 |
| Jan 1, 2026 | Gudlaugsson Gunnar EVP - Global Operations | Award | 15,624 | $0 |
| Jan 1, 2026 | Hafberg Agust F SVP & Chief Commercial Officer | Award | 5,238 | $0 |
| Jan 1, 2026 | Trpkovski Peter A EVP, CFO and Treasurer | Award | 13,488 | $0 |
| Jan 1, 2026 | Hoffman Robert F SVP, IT and CAO | Award | 5,122 | $0 |
| Jan 1, 2026 | DeZee John EVP, GC and Secretary | Award | 9,821 | $0 |
| Jan 1, 2026 | Gary Jesse E President and CEO | Award | 57,443 | $0 |
| Dec 31, 2025 | DeZee John EVP, GC and Secretary | Tax withheld | 21,163 | $829.2K |
| Dec 31, 2025 | DeZee John EVP, GC and Secretary | Award | 54,042 | $0 |
| Dec 31, 2025 | Calloway Kenneth L SVP, Human Resources | Tax withheld | 3,723 | $145.9K |
| Dec 31, 2025 | Calloway Kenneth L SVP, Human Resources | Tax withheld | 5,469 | $214.3K |
| Dec 31, 2025 | Gary Jesse E President and CEO | Award | 439,090 | $0 |
| Dec 31, 2025 | Gudlaugsson Gunnar EVP - Global Operations | Tax withheld | 20,943 | $820.5K |
| Dec 31, 2025 | Calloway Kenneth L SVP, Human Resources | Award | 18,150 | $0 |
| Dec 31, 2025 | Aboud Matt SVP, Strategy & Business Dev't | Tax withheld | 8,243 | $323.0K |
| Dec 31, 2025 | Gudlaugsson Gunnar EVP - Global Operations | Award | 82,794 | $0 |
| Dec 31, 2025 | Hafberg Agust F SVP & Chief Commercial Officer | Tax withheld | 7,811 | $306.0K |
| Dec 31, 2025 | Hafberg Agust F SVP & Chief Commercial Officer | Tax withheld | 15,622 | $612.1K |
| Dec 31, 2025 | Hafberg Agust F SVP & Chief Commercial Officer | Award | 30,878 | $0 |
| Dec 31, 2025 | Trpkovski Peter A EVP, CFO and Treasurer | Tax withheld | 4,045 | $158.5K |
| Dec 31, 2025 | Trpkovski Peter A EVP, CFO and Treasurer | Tax withheld | 8,090 | $317.0K |
| Dec 31, 2025 | Trpkovski Peter A EVP, CFO and Treasurer | Award | 18,260 | $0 |
| Dec 31, 2025 | Hoffman Robert F SVP, IT and CAO | Tax withheld | 6,228 | $244.0K |
| Dec 31, 2025 | Gudlaugsson Gunnar EVP - Global Operations | Tax withheld | 41,886 | $1.64M |
| Dec 31, 2025 | Hoffman Robert F SVP, IT and CAO | Tax withheld | 12,455 | $488.0K |
| Dec 31, 2025 | Hoffman Robert F SVP, IT and CAO | Award | 31,650 | $0 |
| Dec 31, 2025 | DeZee John EVP, GC and Secretary | Tax withheld | 11,971 | $469.0K |
| Dec 31, 2025 | Aboud Matt SVP, Strategy & Business Dev't | Tax withheld | 16,485 | $645.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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