T1 Energy Reports Record Q1 2026 Financial Results and Progress on G2_Austin Construction

Summary

T1 Energy Inc. reported a net loss of $21.4 million for Q1 2026, with a net income from continuing operations of $3.9 million and an Adjusted EBITDA of $9.1 million. The company completed an upsized public offering of convertible senior notes in April 2026, generating net proceeds of $174.7 million to fund the remaining capital spending for the 2.1 GW Phase 1 of G2_Austin. Construction on G2_Austin is proceeding according to plan, with concrete works commencing in April 2026. T1 Energy maintains its 2026 production guidance and is pursuing multi-year offtake contracts to cover anticipated production capacity for 2027-2028.