SGL Carbon SE

X-Energy announced that the Department of Energy will provide up to an additional $1 billion for its ARDP cooperative agreement, potentially raising DOE’s cost share to $2.115 billion. CEO Clay Sell said the company has secured 7.6 metric tons of HALEU from the DOE and executed long-term enrichment agreements with Centrus Energy Corp. and General Matter. X-Energy will invest up to $8 million in milestone-based payments with SGL Carbon to double medium-grain graphite capacity by 2030. CFO Daniel Gross reported Q2 2026 total revenues and grant income of $54.6 million, with $1.9 billion in cash and investments and zero debt outstanding. The company expects NRC construction permit issuance by the first quarter of 2027 and is finalizing an agreement with a major investor-owned utility for its next 1 gigawatt project.

SGL Carbon reported a second-quarter net profit of 5.9 million euros, reversing a loss of 25.3 million euros a year earlier, and confirmed its fiscal 2026 targets. Restructuring expenses and impairment losses fell sharply to 2.5 million euros from 30.4 million euros, while EBITDA pre rose to 40.2 million euros from 39.0 million euros. Sales revenue declined 4.2 percent to 209.7 million euros, partly due to the discontinuation of unprofitable business activities in mid-2025 and weaker demand in the Graphite Solutions and Process Technology units. The company continues to expect 2026 consolidated sales of between 720 million euros and 770 million euros and adjusted EBITDA of between 110 million euros and 130 million euros. Shares gained around 6.62 percent on the XETRA exchange.