Canada's Cameco Q3 revenue misses on lower Westinghouse earnings
CCJ•CCJ•CCJ•CCJ•Cameco's Q3 revenue rose 1% year over year to C$619 million, below the C$767.67 million consensus estimate. The company reported C$43 million in net earnings and an adjusted net loss of C$2 million, and narrowed its 2026 uranium production and sales guidance.
Cameco reported Q3 revenue of C$619 million, up 1% year over year but below the C$767.67 million analyst consensus. Net earnings were C$43 million, while the adjusted net loss was C$2 million; basic EPS was C$0.10.
The company narrowed its 2026 uranium production guidance to 19.5 million to 20.5 million pounds, from 19.5 million to 21.5 million pounds. It narrowed uranium sales and delivery guidance to 29.5 million to 30.5 million pounds, from 29 million to 32 million pounds. Cameco cited lower Westinghouse equity earnings, lower sales and higher costs; it said a longer planned maintenance outage at its Key Lake mill reduced production and raised costs, and that inflation continued to affect costs.
