What is enCore Energy's depletion?

enCore Energy (EU) reported depletion of $1.08M in Q1 2026.

How has enCore Energy's depletion changed year-over-year?

enCore Energy's depletion increased by 7.2% year-over-year, from $1.01M to $1.08M.

What does depletion mean?

Represents the non-cash charge allocated to the cost of mineral assets as the natural resources are extracted or consumed over time. This metric reflects the systematic reduction in the book value of mining properties as production progresses. It is a critical indicator for assessing the capital intensity and resource exhaustion rate of an extractive business.

enCore Energy EU Depletion

Depletion at other companies

Alpha Metallurgical ResourcesAMR

$39.93M-9.1%

SM EnergySM

$432M+60.0%

Diversified Energy DEC

$91.34M+7.7%

Minerals TechnologiesMTX

$18.8M-5.4%

Northern Oil and GasNOG

$197.1M-4.2%

Vitesse EnergyVTS

$31.19M+17.4%

Other financials

Income statement

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Revenue$18.3M+0.3%

Gross profit-$64.0K-178%

Operating income$10.0M+164%

Net income$5.4M+122%

EPS (diluted)$0.03+123%

Balance sheet

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Cash & equivalents$41.6M+11.0%

Total debt$113.5M+998%

Total equity$254.8M-4.9%

Total assets$451.7M+24.6%

Cash flow

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Operating cash flow-$21.4M-177%

CapEx$454.0K-88.5%

Free cash flow-$21.9M-87.0%

Valuation

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Market cap$254.45M-50.4%

Enterprise value$326.42M-33.9%

P/S5.9×-5.6×

Profitability

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Gross margin22.3%+16.0pp

Operating margin-93%-28.2pp

Net margin-63%-24.4pp

FCF margin-131.1%+20.0pp

Returns & leverage

See full

Return on equity-10.4%-4.0pp

Debt / equity0.4×+0.4×

Current ratio11.1×+8.1×

Where this comes from

Reported directly by enCore Energy in its filing.

Tagged under the XBRL concept encr:DepletionOperatingActivities.

The official record: enCore Energy’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is enCore Energy's depletion?: enCore Energy (EU) reported depletion of $1.08M in Q1 2026.
How has enCore Energy's depletion changed year-over-year?: enCore Energy's depletion increased by 7.2% year-over-year, from $1.01M to $1.08M.
What does depletion mean?: Represents the non-cash charge allocated to the cost of mineral assets as the natural resources are extracted or consumed over time. This metric reflects the systematic reduction in the book value of mining properties as production progresses. It is a critical indicator for assessing the capital intensity and resource exhaustion rate of an extractive business.