T1 Energy Q1: record net income from cont. ops $3.9M, Adj. EBITDA $9.1M

T1 Energy Inc.

2026-Q1 EPS reported -$0.08 revenue$177,647,000

Net loss attributable to common stockholders $21.4M ($0.08 per share); net income from continuing ops $3.9M ($0.01/share).
Record Adjusted EBITDA of $9.1M; cash & restricted cash $123.7M ($46.4M unrestricted) as of March 31, 2026.
G2_Austin construction on schedule; initial cell production targeted for Q4 2026; steel erecting begins May 2026.
Upsized $160M convertible notes (4.00% due 2031) closed April 2026; net proceeds $174.7M; remaining Phase 1 financing ~$225M.
2026 production guidance unchanged at 3.1-4.2 GW from G1_Dallas; indicative customer demand covers >100% of 2027-2028 capacity.

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