GlobeNewswire·Nov 5, 2026, 4:05 PM ET

Century Aluminum Company Reports Third Quarter 2026 Results

CENX

Century Aluminum Company reported third quarter 2026 net income attributable to Century of $302.6 million, a $53.3 million increase from the second quarter.
Diluted earnings per share for the quarter were $2.89, up from $2.39 in the prior quarter.
Net sales reached $961.2 million, driven by higher aluminum shipments of 173,483 tonnes & favorable realized metal prices.
The restart of Line 2 at the Grundartangi, Iceland facility returned production to near full levels, contributing to the shipment increase.
Adjusted net income attributable to Century was $271.6 million, representing a $14.3 million sequential increase.
Adjusted EBITDA attributable to Century totaled $331.6 million, an increase of $4.7 million from the previous quarter.
Third quarter results included $31.0 million of net exceptional items, featuring $34.5 million of unrealized derivative gains & a $12.7 million gain on insurance proceeds.
These gains were partially offset by $15.1 million related to Iceland equipment failures & unfavorable power price realization due to extreme hot weather.
The company's liquidity position at September 30, 2026, was $1,161.5 million, including $713.0 million in cash & cash equivalents.
Century Aluminum expects fourth quarter 2026 Adjusted EBITDA to range between $275 million & $300 million.
The company operates primary aluminum smelting facilities in the United States & Iceland, & is the majority owner of the Jamalco alumina refinery in Jamaica.
Consolidated balance sheets show total assets of $3,172.1 million & total shareholders' equity of $1,712.0 million as of September 30, 2026.

Company: Century Aluminum Company
Keywords: Nasdaq:CENX, Century Aluminum Company