T1 Energy's second quarter 2026 update reveals G2_Austin project delays and a 20% capex increase.

T1 Energy released preliminary second quarter 2026 results, expecting total sales between $245 million and $255 million and an adjusted EBITDA loss of $11.5 million to $14.5 million.

Key Highlights

• The company increased its capital expenditure guidance for the G2_Austin Phase 1 project by 20% to an estimated $510 million, citing higher labor and materials costs.
• First production from the G2_Austin facility is now delayed to the first quarter of 2027 from a prior timeline of before year-end 2026.
• Full-year 2026 production guidance was improved, with the company now expecting to fall within the higher end of its previously disclosed 3.1 - 4.2 GW range.
• T1 monetized its remaining 2025 Section 45X tax credits for $39.1 million and acquired solar intellectual property from Evervolt for $135 million.