Uranium Energy Corp. Earnings Recaps
Q4 2026
Oct 1, 2026
UEC’s shares rose 2.6%, a roughly flat reaction, as production increased and unit costs declined in the fourth quarter. The company ended the year with substantial liquidity and no debt, while its refining and conversion project remains in development.
Key takeaways
- Fourth-quarter production was nearly 83,000 pounds, up 157% from the third quarter. Cash cost was about $30 per pound and total cost about $36.50.
- Full-year production exceeded 229,000 pounds at a cash cost of about $34 per pound and a total cost of $39.94 per pound.
- UEC sold 400,000 pounds at a weighted average realized price of $93.13 per pound, generating $37.3 million in revenue and $16.9 million in gross profit; it held 1.26 million pounds of inventory at year-end.
- The company reported $753 million in liquid assets, including $495 million in cash, and no debt.
- Its refining and conversion subsidiary is preparing an NRC license application and advancing toward a Class 4 cost estimate, which management expects in mid-2027.
Q3 2026
Jun 11, 2026
Shares plunged 25.3% following the quarter, as investors were disappointed by cost pressures and a cautious near-term production outlook despite the Burke Hollow ramp-up and regulatory progress.
Key takeaways
- Production in Q3 reached 32,000 pounds of uranium concentrate, with total cost per pound rising to $54.61, up from earlier quarters due to timing-related inefficiencies and regulatory delays impacting new header houses.
- Cash cost per pound was $46.69 for the quarter but remains a leader domestically when viewed across cumulative production.
- Regulatory approvals and construction delays held back production expansion at Christensen Ranch, tempering near-term volume growth expectations.
- Progress was made toward vertical integration with uranium refining and conversion licensing milestones and alignment with U.S. government priorities.
- Strong balance sheet with $794 million in liquid assets and no debt supports unhedged sales strategy, but investors reacted negatively to operational cost headwinds and uncertainty around ramp-up timing.