Cameco Corporation reported its first-quarter 2025 financial results, posting net earnings and adjusted net earnings of $70 million. The company achieved an adjusted EBITDA of $353 million. Despite missing analyst estimates with an adjusted earnings per share (EPS) of $0.11 versus the expected $0.19 and revenues of $549 million compared to the forecasted $807 million, Cameco highlighted strong pricing power and disciplined contract management as key drivers of earnings growth. The average realized price benefited from the company's long-term contracting strategy, and full-cycle market fundamentals remain positive. The performance was robust across Cameco's uranium, fuel services, and Westinghouse segments, reflecting its strategic alignment.