News & Events zu Cameco Corporation (CCJ)CCJCameco Corporation

Cameco Reports Q3 Revenue of C$619M

Reports Q3 revenue C$619M vs. C$615M last year. "We continue to be guided by our disciplined strategy and the strength of our diversified nuclear energy platform," said Tim Gitzel, Cameco's CEO. "Results for the quarter and the first nine months of 2026 were lower than the comparable period last year, largely due to a few significant items that affected year-over-year comparisons. We planned a longer maintenance outage at the Key Lake mill this year to undertake projects that are intended to ensure flexibility and sustainable operations, and as we expected, that outage, which began during the third quarter, resulted in lower production volume and higher costs this quarter. Last year, Westinghouse also received a significant payment related to the Dukovany nuclear project in the Czech Republic, so our equity earnings from our investment in Westinghouse for the first nine months of 2026 were lower. As with nearly every industry, we also continue to experience inflationary pressure, while broader market volatility is affecting sentiment. However, it is important to distinguish between changes in market sentiment and changes in underlying fundamentals. In our view, the fundamentals supporting nuclear energy remain stronger than ever. The reactors operating around the world today continue to require fuel; we believe fuel-cycle capacity remains constrained in many parts of the western market, and utilities continue to evaluate their long-term fuel requirements in an increasingly uncertain geopolitical environment. Importantly, our ownership interest in Westinghouse extends our participation across the nuclear value chain, providing exposure to reactor services, operating reactors and future deployment opportunities."

Westinghouse Electric Seeks Over $50B Valuation for IPO

Westinghouse Electric, a provider of reactor technology to nuclear power plants that is jointly owned by Brookfield Renewable Partners (BEP) and Cameco (CCJ), is seeking a valuation of more than $50B in its U.S. initial public offering and targeting a public filing as soon as October, people familiar with the matter told Bloomberg's Bailey Lipschultz. Citigroup (C) and Goldman Sachs (GS) are leading Westinghouse's IPO and Canadian Imperial Bank of Commerce (CM), JPMorgan (JPM) and Royal Bank of Canada (RY) are also working on the listing, the report said. The company said in July it had filed confidentially for a listing.

Cameco Reports Q2 Revenue of C$814M

Reports Q2 revenue C$814M vs. C$877M last year, consensus C$. "Our year-to-date financial and operational performance reflects the value of aligning our marketing, operational and financial decisions with strengthening industry fundamentals," said Tim Gitzel, Cameco's CEO. "Our second quarter financial results reflect normal quarterly variability, and while uranium production was impacted by challenging spring road conditions along our northern Saskatchewan supply routes, our annual production outlook remains unchanged.