Canada's Cameco Q4 revenue, EPS top estimates, helped by uranium and Westinghouse units

Cameco

13/02/2026 11:43

Overview

Canada uranium producer's Q4 revenue and adjusted EPS beat analyst expectations

Company's Q4 results boosted by uranium and Westinghouse segments

Company maintains strong balance sheet, positioning for future growth

Outlook

Cameco expects positive uranium market trends to continue through 2026 and beyond

Company anticipates durable growth across nuclear fuel cycle driven by electrification

Cameco sees strong 2026 guidance for Westinghouse investment

Result Drivers

DISCIPLINED SUPPLY STRATEGY - Cameco's results were bolstered by a disciplined supply strategy aligning production with long-term contracts, according to CEO Tim Gitzel

WESTINGHOUSE CONTRIBUTION - Westinghouse's involvement in the Dukovany project and a cash distribution significantly boosted earnings

INCREASED CONTRACTING ACTIVITY - Rising long-term contracting activity in the uranium market supported Cameco's positive outlook

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$1.20 bln
C$1.08 bln (5 Analysts)
Q4 Adjusted EPS
Beat
C$0.50
C$0.44 (11 Analysts)
Q4 EPS
C$0.46
Q4 Adjusted Net Income
C$217 mln
Q4 Net Income
C$199 mln
Q4 Gross Profit
C$273 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the uranium peer group is "buy"

Wall Street's median 12-month price target for Cameco Corp is C$160.00, about 1% above its February 12 closing price of C$158.43

The stock recently traded at 80 times the next 12-month earnings vs. a P/E of 79 three months ago

Press Release: ID:nBw7jWkga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)