Energy Fuels Q1 revenue rises on higher uranium sales

Energy Fuels

06/05/2026 23:51

Overview

U.S. uranium and rare earth producer's Q1 revenue rose, beating analyst expectations

Company posted Q1 net loss of $10.8 mln, improved from $26.3 mln loss last year

The Company generated $8.3 million in cash from operating activities in Q1, compared to $18.8 million used in cash last year

Outlook

Energy Fuels maintains 2026 uranium guidance: mined 2-2.5 mln lbs, processed 1.5-2.5 mln lbs

Company expects uranium production costs to decrease through 2026 as Pinyon Plain material is processed

Energy Fuels expects ASM acquisition to close as early as July 2026

Result Drivers

HIGHER URANIUM REVENUES - Q1 results benefited from increased uranium concentrate sales volumes and higher realized prices

REDUCED PRODUCTION COSTS - Uranium production costs fell 16% from year-end 2025, aided by processing lower-cost Pinyon Plain ore

POSITIVE OPERATING CASH FLOW - Co generated $8.3 mln in operating cash flow, mainly due to increased uranium revenues and lower reclamation outflows

Company press release: ID:nPn2tsNhda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$35.84 mln
$30.19 mln (3 Analysts)
Q1 EPS
-$0.04


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Energy Fuels Inc is $27.00, about 14.8% above its May 6 closing price of $23.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)