Shares of Century Aluminum (CENX) surged 5.11% in after-hours trading following the release of its impressive third-quarter 2025 results and an optimistic fourth-quarter forecast. The aluminum producer reported a significant improvement in its financial performance, beating market expectations and signaling a positive outlook for the coming months.
Century Aluminum's third-quarter results showed marked improvement over the previous quarter. The company reported adjusted earnings per share of $0.56, nearly doubling the $0.30 recorded in the second quarter. Adjusted EBITDA attributable to Century stockholders rose to $101.1 million, up from $74.3 million in the prior quarter. This strong performance was achieved despite a slight decrease in aluminum shipments, which fell to 162,442 tonnes from 175,741 tonnes in the second quarter.
Investors were particularly encouraged by Century Aluminum's robust outlook for the fourth quarter. The company expects adjusted EBITDA to range between $170 to $180 million, primarily driven by higher realized LME prices and Midwest regional premiums. This forecast suggests a significant improvement over the third-quarter results, potentially indicating a strong finish to the year. Additionally, the company highlighted several positive developments, including a finalized power agreement for its Mt. Holly facility through 2031, which will enable the restart of idled capacity, and the receipt of a $75 million tax refund in October. These factors, combined with the strong financial results and optimistic guidance, likely contributed to the sharp after-hours stock price increase as investors anticipate continued improvement in Century Aluminum's performance.
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