TLDR
- Second quarter fiscal 2026 revenue reached $20.2 million for UEC, with adjusted earnings per share of -$0.03 aligning with projections
- Company achieved uranium sales price of $101/lb — exceeding the quarterly spot price average of $80.76/lb by more than 25%
- Total uranium sales volume of 200,000 pounds resulted in $10 million gross profit
- America’s newest ISR uranium production site, Burke Hollow, has finished construction and awaits final regulatory clearance
- Company maintains robust financial position with $818 million in liquid assets, no debt obligations, and 1.46 million pounds of uranium stockpile
Uranium Energy Corp unveiled its fiscal 2026 second quarter financial performance on Tuesday, propelling shares upward by approximately 4% during pre-market hours.
For the three-month period concluding January 31, 2026, the company recorded revenue of $20.2 million. The adjusted loss per share of -$0.03 aligned with Wall Street expectations.
The most impressive metric was the uranium sales price. The company moved 200,000 pounds at $101 per pound — substantially higher than the period’s average spot price of $80.76 per pound. This represents a premium exceeding 25%, which management attributes to their strategy of avoiding hedging contracts.
“During the quarter, we sold uranium at pricing over 25% of the quarterly average, which demonstrates the advantage of our unhedged approach to inventory management in a strengthening uranium market,” said President and CEO Amir Adnani.
This favorable pricing strategy generated $10 million in gross profit during the quarter.
The company reported a net loss of $24.28 million, equivalent to -$0.05 per share. The operating loss totaled $23.56 million, reflecting expenses related to mineral property development, general administrative operations, and asset depreciation.
However, UEC’s financial foundation remains solid. The quarter ended with $818 million in liquid assets and a debt-free balance sheet.
Additionally, the company maintained an inventory of 1.46 million pounds of uranium, worth approximately $144 million based on market valuations at January 31, 2026.
Quarterly production output reached 45,743 pounds with an all-in cost of $44.14 per pound.
Construction Complete at Burke Hollow
UEC has finalized construction activities at Burke Hollow in South Texas — touted as the nation’s most recent in-situ recovery uranium production facility. The infrastructure includes 129 wells along with an ion-exchange processing plant. Operations are pending final regulatory authorization.
The company also commissioned four additional header houses at its Christensen Ranch facility in Wyoming.
Since resuming operations, Christensen Ranch has yielded 244,321 pounds at an average cost of $37.28 per pound. Production for the current fiscal year at this location totals 114,355 pounds.
Processing Upgrades at Irigaray
The company completed a comprehensive overhaul of the calciner system at its Irigaray Central Processing Plant. This enhancement allows continuous drying and packaging operations around the clock, significantly increasing processing capacity.
The Hobson facility in Texas remains the operational center for the company’s Texas-based activities, providing support for the Burke Hollow development.
Regarding exploration initiatives, the company submitted a FAST-41 application for its Sweetwater development and launched delineation drilling activities. An extensive 34,000-meter core drilling program is currently in progress at the Roughrider project.
As of the end of January 2026, the company’s physical uranium holdings stand at approximately 1.456 million pounds.
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