Uranium miner Cameco reports $43M Q3 profit, revenue edges up from year ago

Cameco Corp. announced a third-quarter profit of $43 million, with revenue slightly increasing compared to the previous year. The company reported a profit of 10 cents per diluted share for the quarter ended September 30, 2026, compared to a break-even result in the same quarter a year earlier. On an adjusted basis, Cameco recorded a loss of $2 million or zero cents per diluted share, in contrast to an adjusted profit of $32 million or seven cents per diluted share in the same period last year.

The uranium miner attributed the overall lower-than-expected results for the quarter and first nine months of the year to a combination of lower equity earnings from its Westinghouse investment, reduced sales volumes, and increased average unit cost of sales. However, Cameco indicated that these factors were partially offset by higher realized prices.