Energy Fuels Inc. (AMEX:UUUU) shares plummeted 5.53% on Tuesday following the release of its mixed third-quarter financial results. The uranium producer reported a wider-than-expected loss, overshadowing some positive developments in its operations and future outlook.
The company reported a third-quarter net loss of $16.7 million, or 7 cents per share, missing analyst expectations for a loss of 6 cents per share. Despite the earnings miss, Energy Fuels highlighted some encouraging operational metrics. During the quarter, the company sold 240,000 pounds of U3O8 at an average price of $72.38 per pound, generating $17.4 million in gross proceeds with a 26% margin.
Looking ahead, Energy Fuels maintains a positive outlook. CEO Mark Chalmers stated, "The entire team continued to deliver on promises this quarter, including increased sales, increased revenues and continued low-cost uranium production." The company expects to process up to approximately 670,000 pounds of U3O8 in the fourth quarter, potentially reaching its 2025 production guidance of 700,000 to 1 million pounds. For 2026, Energy Fuels plans to sell between 620,000 and 880,000 pounds of U3O8 through existing long-term contracts. Additionally, the company's strong financial position, with nearly $1 billion in working capital after a recent convertible notes offering, provides a solid foundation for future growth.
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