TLDR

  • Uranium Energy delivered Q2 fiscal 2026 revenue totaling $20.2 million with adjusted EPS of -$0.03, aligning with projections
  • Company achieved uranium sales at $101/lb — exceeding the quarterly average spot price of $80.76/lb by more than 25%
  • Sales volume reached 200,000 pounds of uranium, yielding $10 million in gross profit
  • Burke Hollow facility, representing America’s latest in-situ recovery uranium operation, finished construction and awaits regulatory clearance
  • Company maintains $818 million in liquid assets alongside zero debt and uranium inventory of 1.46 million pounds

Uranium Energy Corp disclosed its second quarter fiscal 2026 financial performance on Tuesday, propelling shares upward by nearly 4% during pre-market hours.

The quarter concluding January 31, 2026 generated revenue of $20.2 million. Adjusted EPS landed at -$0.03, meeting analyst projections.


UEC Stock Card
Uranium Energy Corp., UEC

The most impressive metric centered on uranium pricing. UEC completed sales of 200,000 pounds at $101 per pound — substantially exceeding the quarterly average spot price of $80.76 per pound. This represents a premium exceeding 25%, which management attributes to their 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 generated gross profit reaching $10 million for the quarter.

The company recorded a net loss of $24.28 million, equivalent to -$0.05 per share. Operating loss totaled $23.56 million, influenced by mineral property expenditures, general and administrative expenses, and depreciation.

The balance sheet demonstrates resilience despite the net loss. UEC finished the quarter maintaining $818 million in liquid assets while carrying zero debt.

Uranium inventory stood at 1.46 million pounds, representing $144 million in market value based on January 31, 2026 pricing.

Quarterly production reached 45,743 pounds at a total cost of $44.14 per pound.

Construction Complete at Burke Hollow

UEC finalized construction at Burke Hollow in South Texas — representing America’s most recent in-situ recovery uranium production operation. The facility encompasses 129 wells and an ion-exchange plant. Production commencement awaits final regulatory approvals.

The company also completed four additional header houses at Christensen Ranch in Wyoming.

Following restart operations, Christensen Ranch generated 244,321 pounds at a cost of $37.28 per pound. Year-to-date output at this location totals 114,355 pounds.

Processing Upgrades at Irigaray

UEC executed a comprehensive refurbishment of the calciner at its Irigaray Central Processing Plant. This enhancement enables continuous 24/7 drying and packaging operations, expanding throughput capacity.

The Hobson plant in Texas maintains its role as the operational hub for UEC’s Texas operations, providing support for the Burke Hollow site.

Regarding exploration activities, UEC submitted a FAST-41 application for its Sweetwater project and initiated delineation drilling. A 34,000-meter core program remains in progress at the Roughrider project.

As of January 31, 2026, UEC maintains approximately 1.456 million pounds of physical uranium inventory.