Key Highlights
- Uranium Energy delivered Q2 fiscal 2026 revenue of $20.2 million with adjusted EPS of -$0.03, in line with expectations
- Company achieved uranium sales at $101/lb — exceeding the quarterly average spot price of $80.76/lb by more than 25%
- Generated $10 million in gross profit from selling 200,000 pounds of uranium
- Construction completed at Burke Hollow, America’s most recent in-situ recovery uranium facility, now pending regulatory clearance
- Company maintains $818 million in liquid assets, zero debt position, and 1.46 million pounds of uranium in inventory
Uranium Energy Corp unveiled its fiscal 2026 second quarter financial results on Tuesday, propelling shares higher by nearly 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 projections.
The most impressive metric was the company’s uranium sale pricing. UEC offloaded 200,000 pounds at $101 per pound — significantly surpassing the quarterly average spot price of $80.76 per pound. This represents a premium exceeding 25%, which management attributes to the company’s unhedged inventory strategy.
“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 pricing premium translated into a gross profit of $10 million throughout the quarter.
The company reported a net loss of $24.28 million, equivalent to -$0.05 per share. The operating loss reached $23.56 million, attributed to mineral property investments, administrative expenses, and depreciation charges.
Despite posting a quarterly loss, UEC’s financial position remains robust. The company ended the quarter with $818 million in liquid assets while maintaining a debt-free balance sheet.
Additionally, the company possessed 1.46 million pounds of uranium inventory, worth approximately $144 million based on market valuations as of January 31, 2026.
Quarterly production totaled 45,743 pounds with an all-in cost of $44.14 per pound.
Burke Hollow Facility Ready for Production
Uranium Energy wrapped up construction at its Burke Hollow facility in South Texas — touted as the newest in-situ recovery uranium production site in the United States. The installation features 129 wells and an ion-exchange processing plant. Operations are scheduled to commence pending final regulatory authorizations.
The company also completed construction of four additional header houses at its Christensen Ranch facility in Wyoming.
Since resuming operations, Christensen Ranch has yielded 244,321 pounds at a production cost of $37.28 per pound. Production for the fiscal year to date at this location totals 114,355 pounds.
Irigaray Processing Facility Enhancements
UEC completed comprehensive renovations to the calciner at its Irigaray Central Processing Plant. This enhancement allows for continuous drying and packaging operations around the clock, significantly increasing processing capacity.
The Hobson processing facility in Texas remains the operational center for the company’s Texas-based activities, providing support to the Burke Hollow site.
Regarding exploration activities, UEC submitted a FAST-41 application for its Sweetwater project and initiated delineation drilling operations. Additionally, a 34,000-meter core drilling program is currently in progress at the Roughrider project.
As of the close of January 31, 2026, Uranium Energy maintains approximately 1.456 million pounds of physical uranium inventory.
