Earnings Releases·Nov 5, 2026, 4:07 PM ET

Century Aluminum Company — Third Quarter 2026 Earnings Summary

Net sales rose 28% sequentially to $961.2 million in Q3 2026, driven by a 33% increase in aluminum shipments to 173,483 tonnes following the restart of Line 2 at the Grundartangi facility; net income attributable to Century increased 21% to $302.6 million, with diluted EPS rising to $2.89 from $2.39 in Q2.
The Company reported a $287.9 million gain on the sale of the Hawesville site and a $200.0 million cash inflow from investing activities over the nine months ended September 30, 2026, while liquidity strengthened to $1,161.5 million and total shareholders' equity nearly doubled to $1,712.0 million.
Management expects fourth quarter 2026 Adjusted EBITDA to range between $275 million and $300 million, a forecast offset by unfavorable power price realization due to extreme weather and lower insurance proceeds compared to the prior quarter.
Strategic developments include the construction of a data center on the former Hawesville site and ongoing development of a new smelter project with potential $500 million in DOE funding and a proposed joint venture with Emirates Global Aluminium.