X-Energy (XE) Q2 FY26 earnings call

X-Energy reported significant progress in Q2 FY26, securing substantial additional DOE funding for its ARDP program and de-risking its HALEU fuel supply chain through new long-term agreements. The company also highlighted the imminent announcement of a new 1GW project with an investor-owned utility, underscoring growing commercial traction. While cash burn increased due to heightened operational activity and IPO-related expenses, the company's liquidity position was significantly strengthened by $1.1 billion in net IPO proceeds.