enCore Energy Q1 2026 profit of $0.03 a share vs. a $0.13 loss a year earlier
enCore Energy reported first-quarter 2026 results, swinging to net income of $0.03 per share from a $(0.13) per share loss in the same period of 2025. The company credited improved operations and the sale of its New Mexico assets to Verdera, though it delivered fewer pounds of U3O8 into sales contracts than a year earlier. Total liquidity was $84.7 million as of May 8, 2026, including Ur-Energy shares and other marketable securities, excluding Verdera Energy shares.
Key points
- Net income per share of $0.03 in Q1 2026, versus a $(0.13) loss per share in Q1 2025
- Deliveries of 270,000 pounds of U3O8 at an average price of $67.78 per pound, versus 290,000 pounds at $62.89 per pound in Q1 2025
- U3O8 extraction rose approximately 22% to 90,000 pounds; extraction costs were $46.43 per pound, versus $45.62 in the 2025 period
- Total liquidity of $84.7 million as of May 8, 2026; cash and equivalents of $41.6 million as of March 31, 2026
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.