X-Energy (NASDAQ:XE) Announces Earnings Results

X-Energy (NASDAQ:XE) announced its quarterly earnings data on Thursday. The company reported ($0.15) 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. The business’s revenue 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 Up 11.7%

Shares of NASDAQ:XE traded up $2.38 during midday trading on Thursday, hitting $22.73. 7,312,534 shares of the stock were exchanged, compared to its average volume of 5,687,226. X-Energy has a twelve month low of $13.29 and a twelve month high of $37.10. The firm has a 50 day simple moving average of $18.34.

Institutional Trading of X-Energy

A hedge fund recently bought a new stake in X-Energy stock. Bank of New York Mellon Corp purchased a new stake in X-Energy, Inc. (NASDAQ:XE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,126 shares of the company’s stock, valued at approximately $1,251,000.

Key Stories Impacting X-Energy

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

• Positive Sentiment: Potential for up to $1 billion in additional public funding: X-energy’s CEO said the company could receive as much as another $1 billion in U.S. government funding for its Texas nuclear project. The potential capital would help fund development and reduce financing pressure for the project. X-Energy to get up to another $1 billion in public US funding for Texas nuclear project, CEO says
• Positive Sentiment: Revenue and grant income surged: Second-quarter revenue and grant income rose 154% year over year to $54.6 million from $21.5 million. The increase reflects advancing reactor-development activities and government-supported programs. X-energy Reports Second Quarter 2026 Results
• Positive Sentiment: Fuel and manufacturing milestones strengthened the growth story: X-energy signed long-term HALEU enrichment agreements with Centrus Energy and General Matter, agreed with SGL Carbon to expand nuclear-grade graphite capacity, and received approval to extend its DOE reactor-program budget period through March 2027. It also received an $11 million Tennessee grant and acquired additional land for its Oak Ridge fuel-fabrication campus. X-energy Reports Second Quarter 2026 Results
• Positive Sentiment: Research partnerships expanded: TRISO-X extended its advanced nuclear-fuel research partnership with Oak Ridge National Laboratory, supporting continued fuel-technology development. X-Energy’s TRISO-X Extends Nuclear Fuel Research Partnership With Oak Ridge Lab
• Neutral Sentiment: Short-interest data offered no clear signal: Reported short interest remained at zero shares, so there was little evidence of short-covering as a driver. The figure may reflect incomplete or unreliable data.
• Negative Sentiment: Earnings missed expectations: X-energy reported a second-quarter loss of $0.15 per share, wider than the consensus loss of $0.09. The company remains unprofitable, with analysts projecting a full-year loss.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XE. TD Cowen reiterated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. began coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price objective for the company. Wolfe Research initiated coverage on X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on X-Energy in a research report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Morgan Stanley started 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. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, X-Energy has an average rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Company Profile

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.