07:07 AM EST, 11/05/2025 (MT Newswires) -- Cameco ( CCJ ) on Wednesday reported a 33% jump in adjusted net earnings in the third quarter despite lower revenues compared to the year-ago quarter.

Adjusted net earnings were C$32 million, or $0.07 per share, rising from $24 million, or $0.06 per share. The earnings per share result missed the consensus estimates of $0.20 for the third quarter as compiled by FactSet.

Revenue fell 15% to $615 million from $721 million. The result beat the $541 million consensus estimate for third-quarter revenue as compiled by FactSet.

The company produced 4.4 million pounds of uranium, up from 4.3 million pounds. Cameco ( CCJ ) sold 6.1 million pounds of uranium, down from 7.3 million pounds.

Cameco ( CCJ ) said average realized prices continued to improve in both the uranium and fuel services segments.

The company also accelerated its dividend increase to $0.24 per common share, to be paid Dec. 16, citing improved financial performance and the receipt of the additional distribution from Westinghouse in October. The year-ago dividend was $0.16 per common share.

Cameco ( CCJ ) expects to produce between 14 million and 15 million pounds of uranium in 2025 from McArthur River/Key Lake. Cigar Lake production is expected to be 19 million pounds of uranium.

As a result of changes in the company's production plans, Cameco ( CCJ ) now expects its share of production of uranium to be up to 20 million pounds for 2025. The company narrowed its guidance for sales/delivery volumes in its uranium segment to 32 million-34 million pounds.