Cameco reports Q3 2026 earnings miss, narrows uranium production guidance and declares $0.24 dividend
Cameco Corp. posted third‑quarter 2026 net earnings of C$43 million, with an adjusted net loss of C$2 million and adjusted EBITDA of C$267 million. The company announced a dividend of C$0.24 per share and narrowed its full‑year uranium production outlook to 19.5‑20.5 million pounds. Revenue was C$619 million, below analysts’ expectations, and earnings per share of C$0.10 missed the consensus estimate of C$0.23.
Why it matters
The dividend payout signals continued cash‑flow discipline, but the earnings miss and tighter production guidance may pressure the share price, as noted by the market reaction of a roughly 10% decline. Analysts may revise 2026 earnings forecasts in light of the lower results and guidance.
Key facts
- 1Net earnings for Q3 2026 were C$43 million. nugget.ca
- 2Adjusted net loss for Q3 2026 was C$2 million. nugget.ca
- 3Adjusted EBITDA for Q3 2026 was C$267 million. nugget.ca
- 4Cash and cash equivalents as of September 30 2026 were C$860 million. nugget.ca
- 5Total debt as of September 30 2026 was C$1.0 billion. nugget.ca
- 6Board declared an annual dividend of C$0.24 per share. nugget.ca
Open questions
- Adjusted EPS is reported as C$0.00 in material 4, C$0.10 in material 7, and C$0.07 in material 17.
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.