X-Energy (NASDAQ:XE) Issues Quarterly Earnings Results

X-Energy (NASDAQ:XE) posted its quarterly earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06), FiscalAI reports. The firm had revenue of $54.60 million during the quarter. The firm’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 Trading Down 7.7%

Shares of NASDAQ:XE traded down $1.75 on Friday, reaching $20.98. The company had a trading volume of 5,774,565 shares, compared to its average volume of 5,688,123. X-Energy has a 52-week low of $13.29 and a 52-week high of $37.10. The business has a 50 day moving average of $18.31.

More X-Energy News

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

• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and set a $38 price target, implying substantial potential upside from recent levels. Benzinga rating report
• Positive Sentiment: X-Energy’s second-quarter revenue and grant income rose 154% year over year to $54.6 million, reflecting progress in reactor development and related programs. X-energy Reports Second Quarter 2026 Results
• Positive Sentiment: The company expects to receive up to $1 billion in additional U.S. government funding for its Texas advanced nuclear project, strengthening the project’s financing outlook, although the funding remains subject to applicable conditions. X-Energy Texas nuclear project funding
• Positive Sentiment: Operational progress included new HALEU enrichment agreements, expanded nuclear-grade graphite manufacturing plans, an $11 million Tennessee grant, and approval extending the DOE reactor demonstration budget period through March 2027. X-energy quarterly operational highlights
• Neutral Sentiment: X-Energy extended its advanced nuclear fuel research partnership with Oak Ridge National Laboratory and joined an artificial-intelligence deployment initiative with Idaho National Laboratory, NVIDIA, AWS and other partners. TRISO-X and Oak Ridge research partnership
• Negative Sentiment: Second-quarter adjusted EPS was a $0.15 loss, worse than the consensus estimate of a $0.09 loss. The earnings miss may be offsetting the revenue growth and government-funding catalysts. X-Energy earnings report

Institutional Investors Weigh In On X-Energy

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

Analyst Ratings Changes

XE has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Guggenheim initiated coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price on the stock. Weiss Ratings started coverage on X-Energy in a research report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Finally, Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.