Earnings ·
Cameco reported second quarter 2026 net earnings of $25 million (CAD), a 92% decline from the prior year period…
CCJCameco Corp
Cameco reported second quarter 2026 net earnings of $25 million (CAD), a 92% decline from the prior year period, driven by lower equity earnings from Westinghouse and reduced uranium sales volumes. Adjusted net earnings were $77 million, while adjusted EBITDA reached $391 million. The company maintained its 2026 production guidance of 19.5 to 21.5 million pounds of U3O8 despite temporary disruptions at Key Lake, McArthur River, and Cigar Lake. Cameco also announced that Dominique Minière stepped down from the Board of Directors effective July 26, 2026. The company operates in the nuclear energy industry, providing uranium mining, milling, and fuel services.