Canada's Energy Fuels Q2 revenue jumps, net loss widens on acquisition costs

Energy Fuels

05/08/2026 22:03

Overview
U.S. uranium and rare earth producer's Q2 revenue rose sharply from a year earlier
Company posted a wider net loss, mainly due to acquisition costs and higher operating expenses
Energy Fuels advanced acquisitions of VAC and ASM and began building a heavy rare earth plant

Outlook
Company maintains 2026 uranium production guidance: 2 mln-2.5 mln lbs mined, 1.5 mln-2.5 mln lbs processed, 1.5 mln-2 mln lbs sales
Energy Fuels expects uranium grades to increase in coming periods
Company expects White Mesa Mill heavy rare earth expansion to complete end-2027 for Tb/Dy circuits, end-2028 for Sm/Eu/Gd circuits

Result Drivers
ACQUISITION COSTS - Net loss widened mainly due to transaction-related costs from planned ASM and VAC acquisitions and higher operating expenses
URANIUM SEGMENT PERFORMANCE - Continued strong uranium segment results, including low production costs and production within guidance range
RARE EARTH EXPANSION - Investments in rare earth initiatives, including construction of a heavy rare earth plant and advancement of the Donald Project joint venture

Company press release: ID:nCNWFhnvRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.13
 
Q2 Net Loss
 
$33.38 mln
 
Q2 Operating Income
 
-$30.58 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 Energy Fuels Inc is $27.00, about 110% above its August 4 closing price of $12.86

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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.)