TLDR
- UEC posted Q2 fiscal 2026 revenue of $20.2 million, with adjusted EPS of -$0.03, matching estimates
- Uranium sold at $101/lb — over 25% above the quarterly average spot price of $80.76/lb
- The company sold 200,000 pounds of uranium, generating $10 million in gross profit
- Burke Hollow, America’s newest in-situ recovery uranium facility, has completed construction and is awaiting regulatory approval
- UEC holds $818 million in liquid assets with zero debt and 1.46 million pounds of uranium inventory
Uranium Energy Corp reported its second quarter fiscal 2026 results on Tuesday, sending the stock up nearly 4% in pre-market trading.
📊 Uranium Energy $UEC Q2 Earnings
✅ Earnings Inline
Adj. EPS: -$0.03
YoY: ↓ 50% (from -$0.02)
✅ Revenue Beat
Sales: $20.200M
YoY: ↓ 59.4% (from $49.750M)— CHItrader (@CHItraders) March 10, 2026
Revenue for the quarter ended January 31, 2026 came in at $20.2 million. Adjusted EPS of -$0.03 matched analyst estimates.
The standout number was uranium pricing. UEC sold 200,000 pounds at $101 per pound — well above the quarterly average spot price of $80.76 per pound. That’s a gap of more than 25%, which the company credits to its unhedged 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.
That pricing advantage drove gross profit of $10 million for the quarter.
Net loss for the period was $24.28 million, or -$0.05 per share. Operating loss came in at $23.56 million, as mineral property expenditures, general and administrative costs, and depreciation weighed on results.
Despite the net loss, the balance sheet remains strong. UEC closed the quarter with $818 million in liquid assets and no debt.
The company also held 1.46 million pounds of uranium inventory, valued at $144 million at market prices as of January 31, 2026.
Production during the quarter totalled 45,743 pounds at a total cost of $44.14 per pound.
Construction Complete at Burke Hollow
UEC completed construction at Burke Hollow in South Texas — described as America’s newest in-situ recovery uranium production facility. The site includes 129 wells and an ion-exchange plant. It’s now waiting on final regulatory approvals before production can begin.
The company also finished four new header houses at Christensen Ranch in Wyoming.
Since restarting, Christensen Ranch has produced 244,321 pounds at a cost of $37.28 per pound. Year-to-date production at the site stands at 114,355 pounds.
Processing Upgrades at Irigaray
UEC completed a full refurbishment of the calciner at its Irigaray Central Processing Plant. The upgrade enables 24/7 drying and packaging operations, boosting throughput capacity.
The Hobson plant in Texas continues to serve as the hub for UEC’s Texas operations, supporting the Burke Hollow site.
On the exploration side, UEC filed a FAST-41 submission for its Sweetwater project and kicked off delineation drilling. A 34,000-meter core program is also underway at the Roughrider project.
As of January 31, 2026, UEC holds approximately 1.456 million pounds of physical uranium inventory.
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