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Eagle Nuclear Energy Reports $4.35 Million 3Q Net Income, Reversing Prior Loss

BullishMedium impact
NUCL$5.47 −3.19%

Eagle Nuclear Energy Corp. (NUCL) reported net income of $4.35 million for the third quarter of 2026, reversing a net loss of $1.28 million from the same period a year earlier. Diluted earnings per share reached $0.10, compared to a loss of $0.06 per share in the third quarter of 2025. Net income attributable to common stockholders totaled $3.22 million for the quarter.

The profitable quarter follows capital raised through PIPE and de-SPAC transactions completed earlier in the year, providing cash runway to support operations. Eagle Nuclear Energy Corp. is pursuing a vertically integrated strategy that pairs uranium exploration with proprietary small modular reactor engineering. During the quarter, the company was added to the Solactive Global Uranium index, making it eligible for inclusion in the URA ETF.

Looking ahead, the company is preparing a 27,000-foot pre-feasibility drilling program at its AUP project once state and Bureau of Land Management permits are granted. Eagle Nuclear Energy Corp. targets completing a pre-feasibility study in the second half of 2027. It has also partnered with technical and geological consultants to advance resource modeling and retained LSN Partners to pursue government funding and permitting support.

Key points

  • Eagle Nuclear Energy Corp. posted $4.35 million in 3Q 2026 net income, compared to a $1.28 million loss in 3Q 2025.
  • Diluted earnings per share rose to $0.10, up from a loss of $0.06 per share in the year-ago quarter.
  • Financing from earlier PIPE and de-SPAC transactions provides liquidity for uranium exploration and engineering.
  • The company plans a 27,000-foot drill program and targets a pre-feasibility study for the second half of 2027.

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Questions and answers

What were Eagle Nuclear Energy's 3Q 2026 earnings?

Eagle Nuclear Energy reported net income of $4.35 million and diluted EPS of $0.10 for 3Q 2026, compared to a net loss of $1.28 million and EPS of $(0.06) in 3Q 2025.

When is Eagle Nuclear Energy targeting its pre-feasibility study?

Eagle Nuclear Energy targets completing its pre-feasibility study in the second half of 2027, pending required permits for its planned 27,000-foot drill program.