Uranium Energy Corp. Q4 2026 Earnings Recap

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.