Business · Companies · 3 hrs ago
Cameco reports $43 million third-quarter profit as revenue edges up
Cameco reported a $43 million third-quarter profit for the three months ended Sept.
30.
The Saskatoon-based uranium miner earned 10 cents per diluted share, compared with break-even in the same quarter a year earlier.
Revenue edged up to $619 million from $615 million a year ago.
On an adjusted basis, Cameco posted a $2 million loss, compared with a $32 million profit a year earlier.
Results were generally lower than in 2025 for the quarter and first nine months of the year.
The company said lower earnings from its investment in Westinghouse, lower sales volumes and higher average costs contributed to the decline, while higher realized prices partly offset them.
The figures show higher sales prices partly cushioned weaker results, but the company gave no further outlook in the information available.
Cameco reported a third-quarter profit of $43 million, compared with a break-even result a year earlier.
Revenue rose to $619 million from $615 million in the same quarter last year.
The profit was 10 cents per diluted share for the quarter ended Sept. 30.
On an adjusted basis, Cameco reported a loss of $2 million, compared with an adjusted profit of $32 million a year earlier.
The company said lower Westinghouse equity earnings, lower sales volumes and higher average unit costs weighed on results, partly offset by higher realized prices.
- Who
- Cameco Corp., a uranium miner.
- What
- It reported third-quarter profit of $43 million and revenue of $619 million.
- When
- The quarter ended Sept. 30; the report was published Oct. 30, 2026.
- Where
- Saskatoon, according to the report.
- Why
- Lower Westinghouse equity earnings, lower sales volumes and higher average unit costs weighed on results; higher realized prices partly offset them.
This story does not have two clearly opposing sides.
Cameco's third quarter ended.
Cameco's third-quarter results were reported.
- Profit
- $43 million attributable to equity holders
- Revenue
- $619 million, up from $615 million
- Diluted earnings per share
- 10 cents
- Adjusted result
- Loss of $2 million, or zero cents per diluted share
- Quarter ended
- Sept. 30