NYSE$URG
Ur-Energy Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Lost Creek Project moved back into commercial production, and the company is ramping up production at Lost Creek and Shirley Basin.
Ur-Energy Inc. reported that the Lost Creek Project moved back into commercial production during Q2 2023. The company had cash and cash equivalents of $68.0 million as of June 30, 2023. They expect to sell 280,000 pounds U3O8 in 2023 for $17.3 million.
- Lost Creek Project moved back into commercial production.
- Cash and cash equivalents increased to $68.0 million as of June 30, 2023.
- Three multi-year sales agreements are in place, with the third agreement added recently.
- Expect to sell 280,000 pounds U3O8 in 2023 for $17.3 million.
Headline financials
Revenue & EPS history
Ur-Energy · Revenue · Quarterly
$39K
Revenue by segment
Ur-Energy · $6.4M total across 1 segment · Q1 2023
- Uranium Sales$6.4M—100.0%
Forward guidance
Ur-Energy is focused on growing its long-term sales book, ramping up production at Lost Creek and Shirley Basin, and considering acquisition opportunities. They anticipate profitable sales prices on a Company-wide, all-in cost basis, with annual escalation from initial pricing.
Tailwinds
- Continued ramp-up of production at Lost Creek.
- Construction of centralized services facility is complete.
- All major permits and authorizations are in place for Shirley Basin Project.
- Stronger uranium prices enabled securing multi-year sales agreements.
- Focus on maintaining safe and compliant operations.
Headwinds
- Uncertainty regarding the cessation of Russian imports of low-enriched uranium.
- Global supply chain disruptions may impact nuclear utilities.
- Challenges in recruitment of personnel and contractors.
- The worst Wyoming winter on record.
- Outcome remains uncertain on bills pending in both the House and Senate to cut off Russian imports of low-enriched uranium.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.9%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+4.9%
Avg return
30 days after
58%
25 / 43 earnings
Positive
+11.2%
Q3 2010
Best reaction
-8.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | +2.8% | -9.9% | |
| Q4 2025 | +3.3% | -6.5% | -2.6% | |
| Q3 2025 | -6.7% | -5.1% | +0.7% | |
| Q1 2025 | +0.0% | +0.0% | +53.5% | |
| Q4 2024 | -0.5% | +7.6% | +6.1% | |
| Q3 2024 | +0.8% | -1.7% | +5.9% | |
| Q2 2024 | -1.6% | +5.9% | +4.0% | |
| Q1 2024 | -1.1% | -3.9% | -12.2% | |
| Q4 2023 | +7.1% | -4.4% | +12.0% | |
| Q3 2023 | +8.7% | +5.3% | +3.3% | |
| Q2 2023 | +3.8% | +12.4% | +35.2% | |
| Q1 2023 | -6.8% | +2.2% | -3.2% | |
| Q4 2022 | -2.7% | -5.5% | -16.4% | |
| Q3 2022 | -7.8% | -3.9% | -0.8% | |
| Q2 2022 | +2.6% | +3.4% | +11.2% | |
| Q1 2022 | +0.7% | -6.5% | -15.2% | |
| Q4 2021 | +4.0% | -9.7% | +1.1% | |
| Q3 2021 | +2.3% | +9.2% | -20.7% | |
| Q2 2021 | -3.5% | +5.3% | +27.4% | |
| Q1 2021 | +10.7% | +0.8% | +16.8% | |
| Q4 2020 | -2.6% | -0.9% | +7.9% | |
| Q3 2020 | +1.3% | -2.3% | +20.9% | |
| Q2 2020 | -6.2% | -5.1% | -5.1% | |
| Q1 2020 | +1.0% | +2.7% | +64.9% | |
| Q4 2019 | +3.1% | +17.8% | -22.2% | |
| Q3 2019 | +7.4% | +12.5% | +1.8% | |
| Q2 2019 | +4.2% | -3.4% | +1.7% | |
| Q1 2019 | +7.8% | +9.8% | +0.0% | |
| Q4 2018 | -0.4% | -5.3% | +9.3% | |
| Q3 2018 | -8.1% | +1.5% | +6.1% | |
| Q2 2018 | +4.0% | +4.0% | +1.3% | |
| Q1 2018 | +0.3% | +10.0% | +21.7% | |
| Q4 2017 | +0.8% | +3.1% | -7.7% | |
| Q3 2017 | +0.0% | +0.0% | +26.4% | |
| Q1 2017 | -2.4% | -1.5% | -17.9% | |
| Q3 2016 | -1.7% | -7.7% | -19.2% | |
| Q2 2016 | -0.5% | -3.6% | -3.6% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q3 2010 | +11.2% | — | — |
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