AI Earnings Predictions for Century Aluminum Company (CENX)

EX-99.1

2 a20260630q2ex991earningsre.htm

EX-99.1

Document

Exhibit 99.1

Century Aluminum Company Reports Second Quarter 2026 Results

Chicago, August 6, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its second quarter 2026 results.

Second Quarter 2026 Financial Results

$MM (except shipments and per share data)

Q2 2026Q1 2026

Aluminum shipments (tonnes)130,632 122,865

Net sales$752.1 $649.2

Net income attributable to Century$249.3 $337.5

Diluted earnings per share attributable to Century$2.39 $3.23

Adjusted net income attributable to Century(1) $257.3 $170.7

Adjusted earnings per common share(1) $2.46 $1.63

Adjusted EBITDA attributable to Century(1) $326.9 $231.4

Notes:

(1) Non-GAAP measure; see reconciliation of GAAP to non-GAAP financial measures.

Business Highlights

•Completed restart of last 90 pots at Mt. Holly

•Returned Line 2 at Grundartangi to near full production

•New Jamalco power generation turbine (TG4) online in August

•Received 2025 45X refund totaling $94.3 million in July

•As of the end of July, Century cash exceeded total debt

Net sales for the second quarter ended June 30, 2026 increased by $102.9 million sequentially primarily driven by an increase in realized metal prices and higher shipments attributable to increased production from the Mt. Holly expansion and restart of Line 2 at Grundartangi during the quarter.

Century reported Net income attributable to Century of $249.3 million for the second quarter of 2026, a $88.2 million decrease sequentially. The decrease in net earnings during the second quarter of 2026 was primarily attributable to the one-time gain on sale of Hawesville of $287.9 million in the first quarter, offset by favorable realized LME and regional premium prices, and an increase in gain on insurance proceeds related to Iceland equipment failure of $7.1 million and favorable power price realization due to improved weather conditions in the United States, partially offset by unfavorable raw material price realization.

Second quarter results were also impacted by $8.0 million of net exceptional items, in particular, $61.3 million related to equipment failures in Iceland, net of tax; $38.9 million of unrealized gains on derivative instruments, net of tax; $2.5 million of share-based compensation and Mt. Holly expansion project expenses of $10.7 million. Therefore, Century reported an Adjusted net income attributable to Century of $257.3 million for the second quarter of 2026, a $86.6 million increase sequentially.

Adjusted EBITDA attributable to Century for the second quarter of 2026 was $326.9 million. This was an increase of $95.5 million from the prior quarter, mainly from favorable realized metal prices, sales mix and operating expenses, favorable power price, partially offset by unfavorable raw material price realization.

Century's liquidity position at June 30, 2026 was $784.9 million, comprised of cash and cash equivalents of $343.4 million, restricted cash of $44.8 million, and $396.7 million in combined borrowing availability.

Third Quarter 2026 Outlook

The Company expects third quarter Adjusted EBITDA attributable to Century to range between $325 million to $345 million.

About Century Aluminum Company

With its corporate headquarters located in Chicago, IL, Century Aluminum owns and operates primary aluminum smelting facilities in the United States and Iceland and is the majority owner and managing partner of the Jamalco alumina refinery in Jamaica. Visit www.centuryaluminum.com for more information.

Non-GAAP Financial Measures

Adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA are non-GAAP financial measures that management uses to evaluate Century's financial performance. These non-GAAP financial measures facilitate comparisons of this period’s results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Century’s ongoing operating performance and ability to generate cash. Management believes these non-GAAP financial measures enhance an overall understanding of Century’s performance and our investors’ ability to review Century’s business from the same perspective as management. The tables below, under the heading "Reconciliation of Non-GAAP Financial Measures," provide a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, Century's reported results prepared in accordance with GAAP. In addition, because not all companies use identical calculations, adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA included in this press release may not be comparable to similarly titled measures of other companies. Investors are encouraged to review the reconciliations in conjunction with the presentation of these non-GAAP financial measures. We do n

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cenx-202602190000949157false00009491572026-02-192026-02-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 19, 2026

Century Aluminum Company (Exact Name of Registrant as Specified in Charter)

Delaware001-3447413-3070826 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

One South Wacker Drive

Suite 1000 Chicago Illinois60606 (Address of Principal Executive Offices) (Zip Code)

(312)696-3101 (Registrant's telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR   240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:Trading Symbol(s)Name of each exchange on which registered: Common Stock, $0.01 par value per shareCENXNasdaq Stock Market LLC

(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b– 2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.  Results of Operations and Financial Condition.

On February 19, 2026, Century Aluminum Company (the "Company") issued a press release announcing its results of operations for its fourth quarter and full year ended December 31, 2025. A copy of the Company’s press release is attached as Exhibit 99.1 and is incorporated herein by reference.

The Company will hold a follow-up conference call on Thursday, February 19, 2026, at 5:00 p.m. Eastern Time. The earnings call will be webcast live on the Company’s website, located at www.centuryaluminum.com. Anyone interested in listening to the live webcast should plan to begin the registration process for the webcast at least 10 minutes before the live call is scheduled to begin. A replay of the webcast and associated presentation materials will be archived and available for replay approximately two hours following the live call.

The information in this Current Report and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01.  Financial Statements and Exhibits.

(d)  Exhibits

Exhibit Number Description 99.1 Press Release dated February 19, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTURY ALUMINUM COMPANY

Date:February 19, 2026By: /s/ PETER TRPKOVSKI

Name:Peter Trpkovski Title:Executive Vice President and Chief Financial Officer (Principal Financial Officer)