enCore Energy swings to Q1 profit of $2.32 million; revenue rises 0.34% to $18.3 million

enCore Energy Corp.

enCore Energy Corp.

EU

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  • enCore Energy posted net income before income taxes of $2.32 million for the three months ended March 31, 2026, swinging from a loss a year earlier, while net income per share turned to $0.03 from a loss.
  • Revenue edged up 0% to $18.3 million, as volumes sold fell 7% to 270,000 pounds while realized sales price rose 8% to $67.78 per pound.
  • Cost of goods sold increased 1% to $18.37 million, with weighted average costs applicable to revenues rising 8% to $68.02 per pound.
  • Interest expense climbed to $1.82 million from $346,000, driven by interest expense related to Convertible Senior Notes.
  • Cash and cash equivalents declined to $41.56 million at March 31, 2026 from $52.4 million at Dec. 31, 2025, while working capital increased to $121.47 million from $96.13 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. enCore Energy Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-035003), on May 14, 2026, and is solely responsible for the information contained therein.