Uranium Energy Corp (UEC) FY2026 earnings

Reported results

• Fourth quarter combined production from Christensen Ranch and Burke Hollow totaled 82,744 pounds of precipitated uranium and dried and drummed U₃O₈, with a non-GAAP Total Cash Cost per Pound of $30.01 and non-GAAP Total Cost per Pound of $36.54
• Christensen Ranch fourth quarter production doubled to 65,392 pounds at a non-GAAP Total Cash Cost per Pound of $28.38 and non-GAAP Total Cost per Pound of $35.63, down from $46.69 and $54.61 respectively in Q3
• Burke Hollow produced 17,352 pounds in its first full quarter of operation at a non-GAAP Total Cash Cost per Pound of $36.13 and non-GAAP Total Cost per Pound of $39.93
• Fiscal 2026 total production was 229,294 pounds with a non-GAAP Total Cash Cost per Pound of $34.24 and non-GAAP Total Cost per Pound of $39.94; 359,260 pounds produced cumulatively since commissioning
• Sold 400,000 pounds from inventory at a weighted average realized price of $93.13 per pound, generating revenue of $37.3 million and gross profit of $16.9 million
• Balance sheet includes $753 million in liquid assets (consisting of $495 million in cash plus uranium inventories and securities valued at market prices as of July 31, 2026) with no debt

Guidance

• National Nuclear Security Administration issued a Request for Information outlining a need for 4 million pounds per year of unobligated U.S.-origin uranium with deliveries as soon as 2030, which UEC affirmed capability to fully support
• United States Uranium Refining & Conversion Corp (UR&C) Class IV cost estimate expected to be completed by mid-2027
• Sweetwater Environmental Assessment completion expected in March 2027 and Plan of Operations approval expected in May 2027

Notes

Non-GAAP measures (Total Cost per Pound, Total Cash Cost per Pound, Total Non-Cash Cost per Pound, and Production-Based Royalties, Ad Valorem and Severance Tax per Pound) are defined in the release and reconciled in the detailed tables. Liquid assets valuation based on market prices as of July 31, 2026 and do not include in-process inventory at the Irigaray Central Processing Plant and Hobson CPP.

Price and volatility reaction

The stock moved +0.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -2.7 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-29 (8-K, Item 2.02). Read the original filing on sec.gov.