X-Energy (NASDAQ:XE) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

X-Energy (NASDAQ:XE) posted its earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06), FiscalAI reports. The business had revenue of $54.60 million for the quarter. X-Energy’s revenue for the quarter was up 154.0% on a year-over-year basis.

Here are the key takeaways from X-Energy’s conference call:

• DOE funding for the ARDP program could increase by up to $1 billion, bringing the potential federal cost-share contribution to $2.115 billion for the Dow project and related development work.
• X-Energy signed binding, long-term HALEU enrichment agreements with Centrus Energy and General Atomics, which management says cover the initial and replacement cores for its announced Xe-100 projects and reduce fuel-supply risk.
• Project execution remains on schedule, with TX-1 fuel-facility construction approximately 80% complete, the Dow construction permit targeted for issuance in the first quarter of 2027, and Energy Northwest moving toward a construction-permit submission in the first half of 2027.
• The TRISO-X fuel business received its 40-year NRC commercial license earlier this year, while a planned TX-2 facility could provide four times TX-1’s capacity and support fuel production for approximately 55 Xe-100 reactors across the expanded Tennessee campus.
• Despite a 154% year-over-year increase in revenue and grant income to $54.6 million, operating expenses reached $164.6 million and operating cash usage rose to $97.3 million; the company also spent $63.3 million on capital projects, although it ended the quarter with $1.9 billion in cash and investments and no debt.

X-Energy Stock Performance

Shares of NASDAQ:XE traded down $2.09 on Friday, hitting $20.64. The stock had a trading volume of 2,952,140 shares, compared to its average volume of 5,650,250. The company has a 50 day moving average of $18.32. X-Energy has a twelve month low of $13.29 and a twelve month high of $37.10.

Trending Headlines about X-Energy

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: Additional DOE funding supports Texas project: X-Energy expects to receive up to $1 billion in additional public funding from the U.S. Department of Energy for its Texas advanced nuclear reactor project. The funding could reduce financing needs and improve the project’s development outlook. X-Energy to get up to another $1 billion in public US funding for Texas nuclear project
• Positive Sentiment: Revenue surged and development progress continued: Second-quarter revenue and grant income increased 154% year over year to $54.6 million. The company also extended its DOE advanced-reactor program budget period through March 2027, secured an $11 million Tennessee grant, expanded its Oak Ridge fuel campus, and signed fuel-enrichment and manufacturing agreements. X-energy Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst remains bullish: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $38 price target, implying substantial potential upside from recent trading levels. Cantor Fitzgerald rating and price target
• Neutral Sentiment: Strategic research partnerships expanded: X-Energy’s TRISO-X fuel subsidiary extended its advanced nuclear fuel research partnership with Oak Ridge National Laboratory and joined an artificial-intelligence initiative with Idaho National Laboratory, NVIDIA, and AWS. These developments may strengthen long-term technology capabilities but are unlikely to provide near-term earnings benefits. X-Energy’s TRISO-X Extends Nuclear Fuel Research Partnership With Oak Ridge Lab
• Negative Sentiment: Quarterly loss exceeded expectations: X-Energy reported a loss of $0.15 per share, worse than the consensus loss estimate of $0.09. The earnings shortfall may be driving near-term profit-taking and concern about the company’s continued cash needs, despite its significant revenue growth.

Wall Street Analyst Weigh In

XE has been the subject of several recent analyst reports. Guggenheim started coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. Morgan Stanley assumed coverage on X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $41.00 target price for the company. Finally, Weiss Ratings initiated coverage on X-Energy in a report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in X-Energy stock. Bank of New York Mellon Corp bought a new position in shares of X-Energy, Inc. (NASDAQ:XE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,126 shares of the company’s stock, valued at approximately $1,251,000.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.