X-energy — Third Quarter 2026 Earnings Summary

X-energy reported third-quarter 2026 revenues and grant income of $66.3 million, a 118% increase from the prior year period, driven by expanded activities under the U.S. Department of Energy's Advanced Reactor Demonstration Program. The company received a Construction Permit from the Nuclear Regulatory Commission for Dow's Long Mott project in Texas ahead of schedule and selected Fluor Corporation to advance engineering for a second Xe-100 small modular reactor project. Operational milestones included the completion of vertical construction at the TX-1 fuel fabrication facility, the acceptance of the Xe-100 reactor into the United Kingdom's Generic Design Assessment process, and the execution of the first procurement order for steam generator components. X-energy maintained a strong balance sheet with $1.8 billion in total liquidity and zero debt outstanding as of September 30, 2026.