Uranium Energy Reports Inline Q2 With Premium Uranium Sales as Shares Rise Pre-Market

A debt-free balance sheet plus newly completed facilities position the miner to expand once Burke Hollow receives regulatory clearance.

Overview

Revenue was $20.2 million and adjusted EPS came in at -$0.03, matching estimates, with the disclosure lifting the stock nearly 4% in pre-market trading.
The company sold 200,000 pounds of uranium at $101 per pound, more than 25% above the quarter’s $80.76 spot average, generating roughly $10 million in gross profit.
UEC posted a net loss of $24.28 million and an operating loss of $23.56 million; quarterly output totaled 45,743 pounds at $44.14 per pound, with Christensen Ranch running at $37.28 per pound since restart.
Liquidity remained strong at $818 million with no debt, and the company held about 1.46 million pounds of uranium inventory valued near $144 million at quarter-end prices.
Construction at the Burke Hollow in-situ recovery facility is complete and pending final approvals, Irigaray’s calciner refurbishment now enables 24/7 drying and packaging, and UEC advanced permitting and drilling at Sweetwater (FAST-41) and Roughrider (34,000-meter program).