Uranium Energy Corp (AMEX:UEC) reported fiscal second-quarter 2026 results on Tuesday, posting adjusted earnings per share of -$0.03, in line with analyst expectations. Revenue for the quarter ended January 31, 2026 totaled $20.2 million.
The company’s shares climbed 3.98% in pre-market trading following the announcement.
UEC’s strategy of selling uranium without hedging enabled the company to achieve an average realized price of $101 per pound, well above the quarter’s average spot price of $80.76 per pound. During the quarter, the company sold 200,000 pounds of uranium concentrate, generating gross profit of $10.0 million.
Production during the period reached 45,743 pounds, with a total production cost of $44.14 per pound.
“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 Amir Adnani, President and CEO.
UEC also completed construction of the Burke Hollow facility in South Texas, the newest in-situ recovery uranium production project in the United States. Additionally, the company finalized four new header houses at its Christensen Ranch operation in Wyoming. Both projects are currently awaiting final regulatory approvals before production can begin.
The company also finished a comprehensive refurbishment of the calciner at its Irigaray Central Processing Plant, allowing the facility to operate continuously around the clock.
At the end of the quarter, Uranium Energy reported $818 million in liquid assets and no outstanding debt. The company held uranium inventory of 1.46 million pounds, valued at approximately $144 million at market prices as of January 31, 2026.
Since entering production, the Christensen Ranch operation has produced 244,321 pounds of uranium at a total cost of $37.28 per pound, highlighting continued operational efficiency at the company’s Wyoming assets.