Centrus Energy Corp reported its Q2 2025 earnings with revenue of $154.5 million, surpassing the estimated $130.18 million, and an adjusted EPS of $1.59, beating the consensus estimate of $0.84. The company posted a net income of $28.9 million, slightly below the previous year's $30.6 million, and achieved a gross profit increase of 48% year-over-year to $53.9 million. Centrus completed Phase 2 of its HALEU contract, delivering 900 kilograms of High-Assay Low-Enriched Uranium (HALEU) to the U.S. Department of Energy (DOE). The DOE exercised Option 1a of Phase 3, adding $110 million in contract value through June 2026, contributing to a backlog now totaling $3.6 billion. Centrus held a cash balance of $833 million as of June 30. Following the earnings release, Bank of America Securities downgraded Centrus Energy from Buy to Neutral but raised the price target from $210 to $285, citing stronger-than-expected performance. Separately, Constellation Energy Corp reported Q2 2025 revenue of $6.10 billion, exceeding estimates of $5.06 billion, and GAAP EPS of $2.67, beating the $1.83 forecast. Its nuclear output was 45,170 GWh, slightly below last year's 45,314 GWh, with a capacity factor of 94.8%, compared to 95.4% the previous year. Constellation also announced the launch of a new AI-powered demand response tool aimed at reducing energy consumption during peak periods.