enCore Energy reported a net loss of $0.19 per share for the first half of 2026, as increased delivery volumes and higher realized uranium prices were offset by a sharp decline in internal extraction and higher costs for purchased material. The company is currently navigating a transition period as it awaits final permits for new wellfields expected in late 2026.
Key Highlights
- Uranium deliveries increased to 485,000 pounds at an average sales price of $70.10 per pound, compared to 350,000 pounds at $62.58 in the prior year period.
- Total extraction volume fell 58.7% to 131,274 pounds from 317,613 pounds a year ago, driven by the anticipated depletion of Alta Mesa’s Wellfield 7.
- Weighted average cost of delivered uranium rose to $75.54 per pound, impacted by the necessity of purchasing 360,000 pounds of uranium to meet contract obligations.