Cameco Corp (DE:CJ6)
FRANKFURT:CJ6
Earnings Data
Report Date
May 01, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive outlook: Cameco reported strong 2025 financial results (revenue +11%, EBITDA +26%, adjusted net earnings +115%), solid operational delivery (21M lbs produced), a healthy balance sheet, and meaningful strategic upside from its Westinghouse investment and U.S. partnership. Management emphasized disciplined contracting and production pacing to capture long-term value. Key near-term risks include McArthur River development timing, industry-wide term contracting remaining below replacement rates (116M lbs in 2025), flat near-term realized uranium price guidance, conversion contracting nuances, and some inflationary cost pressure in Fuel Services. Overall, the positives (robust financial performance, strategic positioning, and operational execution) outweigh the operational and market headwinds described.Company Guidance
Strong Financial Performance
2025 revenue ~CAD 3.5B (up 11% vs 2024); adjusted EBITDA ~CAD 1.9B (up 26%); adjusted net earnings ≈CAD 630M (up 115% vs 2024).
Improved Balance Sheet and Liquidity
Year-end cash and short-term investments ≈CAD 1.2B and total debt ≈CAD 1.0B, providing strong liquidity and flexibility.
Operational Delivery and Production
Consolidated uranium production of 21 million pounds in 2025, exceeding revised annual guidance; Cigar Lake outperformed expectations; JV Inkai delivered Cameco share of 3.7M pounds plus 0.9M pounds from 2024.
Long-Term Contracting and Portfolio Positioning
Approximately 230 million pounds committed under long-term contracts at year-end; commitments to deliver ~28 million pounds annually on average over the next 5 years, supporting revenue visibility.
Westinghouse Investment Outperformance
Westinghouse delivered a significant increase in adjusted EBITDA in 2025 and produced cash distributions (including a large one-time USD 170M-linked payment in 2025). 2026 outlook for Cameco's share of Westinghouse adjusted EBITDA is USD 370M–430M; management estimates ~USD 400M–600M EBITDA per AP1000 reactor procurement project.
Strategic Partnership with U.S. Government
Announced strategic partnership (Cameco, Brookfield, Westinghouse, U.S. government) to accelerate deployment of Westinghouse reactors, backed by at least USD 80B in planned U.S. government investment; ongoing definitive agreement discussions and potential 2026 long-lead orders.
Fuel Services and Conversion Strength
Fuel Services delivered a strong year including record UF6 production at Port Hope; conversion pricing at historically high levels amid tight supply, supporting long-term contract opportunities.
Technology Progress — Global Laser Enrichment (GLE)
GLE achieved TRL6 (science derisked) and is focused on DOE tails re-enrichment as a near-term commercial pathway, representing potential access to additional supply and conversion solutions.
DE:CJ6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:CJ6 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | €99.23 | €95.17 | -4.09% |
Nov 04, 2025 | €87.33 | €83.87 | -3.97% |
Jul 31, 2025 | €68.11 | €65.00 | -4.56% |
May 01, 2025 | €39.77 | €39.77 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cameco Corp (DE:CJ6) report earnings?
Cameco Corp (DE:CJ6) is schdueled to report earning on May 01, 2026, After Close (Confirmed).
What is Cameco Corp (DE:CJ6) earnings time?
Cameco Corp (DE:CJ6) earnings time is at May 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Cameco Corp stock?
The P/E ratio of Cameco is N/A.
What is DE:CJ6 EPS forecast?
DE:CJ6 EPS forecast for the fiscal quarter 2026 (Q1) is 0.22.