Uranium Royalty (URC) Q1 2027 earnings summary

Executive summary

• Sold 593,255 lbs of U3O8, generating $51.0 million in revenue at an average realized price of $86.00/lb, slightly above market average.

• Net income surged 1530% year-over-year to $16.3 million for the quarter ended July 31, 2026.

• Completed the Sweetwater acquisition, significantly expanding scale, land holdings, and long-term cash flow profile.

• Now holds over 5.3 million acres, making it the largest landowner in Wyoming and second largest publicly traded landowner in the U.S.

Financial highlights

• Revenue reached $51.0 million for the quarter, driven by uranium sales at a premium to market.

• Cost of sales totaled $34.1 million, or $57.40/lb.

• Diluted EPS increased 900% year-over-year to $0.10.

Outlook and guidance

• Key uranium royalty counterparties maintained or exceeded production guidance, supporting portfolio stability.

• Langer Heinrich exceeded FY2026 production guidance and outlined further growth into 2027.

• Management expects long-term cash flow and value creation from diversified assets and strategic land holdings.