Century Aluminum Projects $275M-$300M Q4 EBITDA

The aluminum producer forecasts fourth-quarter adjusted EBITDA while advancing financing for a planned Oklahoma smelter.

Updated on Nov. 8, 2026 in Corporate Finance

Isometric editorial illustration of stacked aluminum ingots in a yard beside a low industrial hall with a warm furnace glow under open sky. — Century Aluminum projected fourth-quarter 2026 adjusted EBITDA of $275 million to $300 million and said financing for its planned Oklahoma smelter is largely agreed. AI Illustration. Upload story photo >

Century Aluminum Company projected adjusted EBITDA of $275 million to $300 million for the fourth quarter of 2026. The company also reported that financing terms for its Oklahoma smelter project are largely agreed.

Why it matters

The forecast reflects improved volume and sales mix partly offsetting lower prices and higher raw-material costs. The Oklahoma smelter project remains under discussion regarding permitting and community concerns, which could affect its timeline.

Century Aluminum projects adjusted EBITDA of $275 million to $300 million for the fourth quarter of 2026. The company's Oklahoma smelter permitting and community concerns remain unresolved.

The players

Century Aluminum Company

A U.S. aluminum producer that operates primary aluminum smelters and is developing a new smelter in Oklahoma.

The details

Century Aluminum achieved a return to full capacity across its assets in the third quarter of 2026. Its revised environmental plan for the Oklahoma smelter commits to reducing permitted fluoride emissions by 37%.

Third quarter 2026: Century Aluminum returned to full capacity across its assets.
Fourth quarter 2026: Projected adjusted EBITDA of $275 million to $300 million.

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Market Dynamics

Century Aluminum's Oklahoma smelter effort extends its ongoing push to expand domestic primary aluminum capacity. The company's Q4 projection shows how volume gains are being weighed against lower prices and higher raw-material costs.

Investors tracking Century Aluminum can compare the $275 million to $300 million EBITDA projection against future quarterly results. Progress on the Oklahoma smelter's power contract and permitting will indicate whether the expansion stays on schedule.

The takeaway

Century Aluminum's near-term earnings depend on balancing volume gains against price and cost pressures. Watching the Oklahoma smelter's financing and permitting milestones will show how the expansion progresses.