Centrus Energy Corp (LEU) |
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Centrus Energy's Customers Performance
LEU
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LEU's Source of Revenues |
In the Q4, Centrus Energy Corp 's corporate clients experienced a fall by -36.65 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.08 %. During the corresponding time, Centrus Energy Corp revenue deteriorated by -17.67 % year on year, sequentially revenue grew by 102.53 %. While revenue at the Centrus Energy Corp 's corporate clients recorded rose by 3.11 % year on year, sequentially revenue fell by -1.59 %.
• List of LEU Customers
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Customers of Centrus Energy Corp saw their costs of revenue fall by -36.65 % in Q4 compare to a year ago, sequentially costs of revenue grew by 1.08 %, for the same period Centrus Energy Corp revnue deteriorated by -17.67 % year on year, sequentially revenue grew by 102.53 %.
• List of LEU Customers
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Customers Net Income grew in Q4 by |
Customers Net margin grew to |
269.08 % |
8.68 % |
Centrus Energy's Comment on Sales, Marketing and Customers
The SWU component of LEU is typically bought and sold under long-term contracts
with deliveries over several years. Our order book of sales under contract (“order
book”, or referred to in previous SEC filings as “backlog”)
extends for more than a decade. Over the course of 2015, we made significant deliveries
while also adding new long-term sales. As of December 31, 2015, our order book
was $2.3 billion compared to $2.7 billion at December 31, 2014. We anticipate
SWU and uranium revenue from the sales currently under contract in our order book
in a range of $250 million to $275 million during 2016.
Most of our contracts provide for fixed purchases of SWU during a given year.
Our estimate of the aggregate dollar amount of future SWU and uranium sales
is partially based on customers’ estimates of the timing and size of their
fuel requirements and other assumptions that are subject to change. For example,
depending on the terms of specific contracts, the customer may be able to increase
or decrease the quantity delivered within an agreed range. Our order book estimate
is also based on our estimates of selling prices, which are subject to change.
For example, depending on the terms of specific contracts, prices may be adjusted
based on escalation using a general inflation index, published SWU price indicators
prevailing at the time of delivery, and other factors, all of which are variable.
We use external composite forecasts of future market prices and inflation rates
in our pricing estimates.
Our order book is subject to various risks. Certain contracts included in the
order book have sales prices that are significantly above current market prices.
Customers may seek to limit their obligations under these existing contracts
or may elect to discontinue contracts that have termination rights. Some long-term
contracts in our order book were established with milestones related to the
deployment of the American Centrifuge Plant (“ACP”) in Piketon,
Ohio, that permit termination with respect to portions of the contract under
limited circumstances that vary across the contracts. Some of these customers
have indicated they expect to exercise their contract termination rights. While
we have waived, eliminated or renegotiated those termination rights where possible,
we estimate that approximately $0.8 billion (35%) of our order book remains
at various levels of risk due to milestones related to ACP deployment.
We are also working with customers to modify contracts that have delivery,
scheduling, origin or other terms that may require modifications to address
our anticipated supply sources. However, we have no assurance that our customers
will agree to revise existing contracts or will not seek to exercise contract
termination rights or require concessions, which could adversely affect the
value of our order book and our prospects.
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Centrus Energy's Comment on Sales, Marketing and Customers
The SWU component of LEU is typically bought and sold under long-term contracts
with deliveries over several years. Our order book of sales under contract (“order
book”, or referred to in previous SEC filings as “backlog”)
extends for more than a decade. Over the course of 2015, we made significant deliveries
while also adding new long-term sales. As of December 31, 2015, our order book
was $2.3 billion compared to $2.7 billion at December 31, 2014. We anticipate
SWU and uranium revenue from the sales currently under contract in our order book
in a range of $250 million to $275 million during 2016.
Most of our contracts provide for fixed purchases of SWU during a given year.
Our estimate of the aggregate dollar amount of future SWU and uranium sales
is partially based on customers’ estimates of the timing and size of their
fuel requirements and other assumptions that are subject to change. For example,
depending on the terms of specific contracts, the customer may be able to increase
or decrease the quantity delivered within an agreed range. Our order book estimate
is also based on our estimates of selling prices, which are subject to change.
For example, depending on the terms of specific contracts, prices may be adjusted
based on escalation using a general inflation index, published SWU price indicators
prevailing at the time of delivery, and other factors, all of which are variable.
We use external composite forecasts of future market prices and inflation rates
in our pricing estimates.
Our order book is subject to various risks. Certain contracts included in the
order book have sales prices that are significantly above current market prices.
Customers may seek to limit their obligations under these existing contracts
or may elect to discontinue contracts that have termination rights. Some long-term
contracts in our order book were established with milestones related to the
deployment of the American Centrifuge Plant (“ACP”) in Piketon,
Ohio, that permit termination with respect to portions of the contract under
limited circumstances that vary across the contracts. Some of these customers
have indicated they expect to exercise their contract termination rights. While
we have waived, eliminated or renegotiated those termination rights where possible,
we estimate that approximately $0.8 billion (35%) of our order book remains
at various levels of risk due to milestones related to ACP deployment.
We are also working with customers to modify contracts that have delivery,
scheduling, origin or other terms that may require modifications to address
our anticipated supply sources. However, we have no assurance that our customers
will agree to revise existing contracts or will not seek to exercise contract
termination rights or require concessions, which could adversely affect the
value of our order book and our prospects.
LEU's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Centrus Energy Corp |
593.44 |
320.10 |
84.40 |
446 |
Entergy Corporation |
21,784.16 |
12,147.41 |
2,362.31 |
12,369 |
Pg and e Corp |
34,291.92 |
24,428.00 |
2,256.00 |
26,000 |
The Aes Corporation |
10,586.06 |
12,668.00 |
-182.00 |
8,450 |
Cms energy Corporation |
16,967.91 |
6,921.00 |
886.00 |
9,778 |
Dominion Energy Inc |
46,512.53 |
17,769.00 |
1,717.00 |
17,100 |
Dte Energy Co |
22,624.79 |
12,745.00 |
1,397.00 |
10,300 |
Duke Energy Corporation |
73,350.54 |
29,060.00 |
2,874.00 |
27,605 |
Edison International |
26,541.84 |
16,338.00 |
1,407.00 |
13,003 |
Empire Petroleum Corporation |
126.14 |
37.42 |
-9.96 |
0 |
Exelon Corporation |
36,412.31 |
21,727.00 |
2,328.00 |
31,518 |
Firstenergy Corp |
21,930.95 |
12,870.00 |
1,176.00 |
12,395 |
Nisource Inc |
11,915.07 |
0.00 |
0.00 |
0 |
Public Service Enterprise Group Incorporated |
31,990.04 |
11,237.00 |
2,563.00 |
12,684 |
The Southern Company |
76,223.16 |
29,117.00 |
3,144.00 |
27,300 |
Williams Companies Inc |
45,465.66 |
10,907.00 |
3,303.00 |
4,783 |
Xcel Energy Inc |
28,711.17 |
25,652.00 |
1,771.00 |
11,321 |
Ppl Corporation |
19,857.15 |
8,571.00 |
817.00 |
5,607 |
Wec Energy Group Inc |
25,567.38 |
8,893.00 |
1,331.70 |
6,938 |
Ameren Corporation |
18,929.10 |
7,500.00 |
1,157.00 |
9,116 |
Sempra |
44,659.29 |
16,720.00 |
3,618.00 |
15,390 |
Constellation Energy Corporation |
53,794.00 |
26,395.00 |
761.00 |
11,696 |
Nrg Energy inc |
14,857.14 |
28,823.00 |
-202.00 |
6,635 |
American Electric Power Co Inc |
42,787.15 |
18,982.30 |
2,212.60 |
16,688 |
Eversource Energy |
20,694.02 |
11,910.71 |
-434.72 |
9,227 |
Macquarie Infrastructure Holdings Llc |
367.53 |
480.12 |
2,681.71 |
3,600 |
SUBTOTAL |
746,946.99 |
371,898.95 |
38,934.64 |
309,503 |
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