Century Aluminum CoCENX

Century Aluminum’s latest quarterly filing shows a net income of $337.5 million on revenue of $649.2 million for the three months ending 31 March 2026, a profit margin that would make any commodity trader’s spreadsheet blush. Operating income clocked in at $374.0 million while cash from operations came in at $68.4 million, a reminder that smelting is still a capital-hungry craft even when prices are firm. The balance sheet lists $2.65 billion in assets against $1.15 billion of shareholders’ equity, giving the company a solid, if inventory-heavy, foundation.

Century Aluminum is a primary aluminium producer with smelters in the United States and Iceland, turning out P1020 aluminium, billet, ingot, sow, primary foundry alloy, and molten metal for automotive, aerospace, defence, consumer goods, and energy markets. The company’s Mt. Holly smelter in South Carolina restarted expanded production in April 2026, adding roughly 10% to U.S. primary aluminium capacity, while the Norðurál smelter in Grundartangi, Iceland, brought a second potline back online several months ahead of schedule in mid-2026. The PR team promptly posed for photos beside freshly cast billets, an image the company’s product pages are happy to showcase.

According to the 10-Q filed 15 June 2026, Century reported diluted earnings per share of $3.23 on a weighted average diluted share count of 104.6 million shares, translating to a headline number investors can wave in front of analysts. The same filing shows $244.1 million of cash and cash equivalents at 31 March 2026 against $512.1 million of inventory, a working-capital split that suggests the company is still in the business of holding metal rather than just-in-time delivery. Capital expenditure for the quarter came in at $74.8 million, with net cash provided by operating activities at $68.4 million, figures that underline the capex-heavy, cash-light reality of primary aluminium smelting.

For a deeper look at the company’s smelters and products, see the Century Aluminum product page and image gallery, which feature billets, ingots, and molten aluminium alongside visuals from Mt. Holly and Grundartangi. The site also offers a contact page for customers, though it does not disclose pricing, offtake volumes, or customer concentration, leaving the market to take the company’s claims on trust. Century’s latest press releases tout the Mt. Holly restart and Iceland potline comeback, but the filings do not quantify the revenue uplift or margin impact of either move.

The company’s shares trade on NASDAQ under CENX, a ticker that has been more comfortable in the $20s than the $30s so far in 2026, but the filing stops short of any forward-looking commentary on share-price direction, guidance, or dividend policy. That leaves investors to triangulate from the balance sheet, the smelter restart announcements, and the political tailwinds of a U.S. executive order aimed at boosting domestic primary aluminium capacity. Until the next 10-Q, the market is left parsing press releases for clues about customer demand, offtake terms, and the elusive low-carbon aluminium premium.

The company’s SEC EDGAR index and company facts JSON offer a route to the raw filings and XBRL data, but the disclosures do not yet quantify the revenue or margin contribution from the Mt. Holly expansion or the Grundartangi potline restart, nor do they reveal the identity or volume of major customers willing to pay a premium for “green” aluminium. Until those details emerge, the Century story remains one of restarted capacity, solid headline profits, and a balance sheet that is heavier on inventory than on cash.