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Century Aluminum (CENX) guidance and outlook
Century Aluminum (CENX) updated its guidance on Nov 5, 2026: EBITDA $275M–$300M for Q4 2026. Century Aluminum's 10-Q filed Nov 5, 2026 makes 16 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | Q4 2026 | $275M–$300M | new |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- On February 2, 2026, we completed the sale of our Hawesville, Kentucky facility to an affiliate of Terawulf, Inc. for $200.0 million in cash and a 6.8% non-dilutive minority equity interest in the Terawulf affiliate that intends to develop and own a high-performance computing/artificial intelligence data center on the site.
- A large portion of the proceeds are intended to be deployed to expand our domestic primary aluminum production capacity through the restart of the last potline at our Mt.
- Holly facility and investments in our new smelter project.
- We expect that losses arising from this event, less applicable deductibles, will be covered under our insurance policies.
- As of September 30, 2026, we have received $101.6 million in insurance recoveries related to the transformer failures, and we expect to receive additional recoveries as our insurance carriers process our claims.
- With the help of this funding, we intend to construct, own, and operate the new aluminum smelter together with EGA in Inola, Oklahoma.
- We believe that cash provided from operations and financing activities will be adequate to cover our operations and business needs over the next twelve months.
- We intend to maintain availability to comply with these levels any time we would not meet the ratio, which could limit our ability to access the full amount of our availability under our U.S revolving credit facility.
- The timing and amount of any shares repurchased will be determined by our management based on its evaluation of market conditions, the trading price of our common stock and other factors.
- We intend to finance our future capital expenditures from available cash, cash flows from operations and if necessary, borrowing under our existing revolving credit facilities.
- For major investment projects we would likely seek financing from various capital and loan markets and may potentially pursue the formation of strategic alliances.
- With the help of this funding, we intend to construct, own and operate the previously disclosed new aluminum smelter together with EGA in Inola, Oklahoma.
Century Aluminum's latest quarter
Century Aluminum, Q3 2026: revenue $961M (+52% year over year), operating margin 30.4%, net earnings $303M, operating cash flow $395M. The chart follows the revenue to costs, profit and cash.
Questions
Did Century Aluminum raise or lower its guidance?
Century Aluminum (CENX) updated its guidance on Nov 5, 2026: EBITDA $275M–$300M for Q4 2026.
What does Century Aluminum expect?
On February 2, 2026, we completed the sale of our Hawesville, Kentucky facility to an affiliate of Terawulf, Inc. for $200.0 million in cash and a 6.8% non-dilutive minority equity interest in the Terawulf affiliate that intends to develop and own a high-performance computing/artificial intelligence data center on the site. A large portion of the proceeds are intended to be deployed to expand our domestic primary aluminum production capacity through the restart of the last potline at our Mt. Holly facility and investments in our new smelter project.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.