SCHEDULE: Segra Capital Management Discloses 5.3% Stake in X-Energy

Segra Capital Management, LLC and affiliated entities have reported beneficial ownership of 15,129,629 shares, representing 5.3% of X-Energy, Inc.'s common stock.

Summary

• Segra Capital Management, LLC, along with its affiliates Segra Global Management, LLC, Segra Resource Partners, LP, Segra XE 1, LP, Segra XE 2, LP, and Adam Rodman, have jointly filed a Schedule 13G.
• As of July 16, 2026, the group collectively beneficially owns 15,129,629 shares of X-Energy, Inc. common stock.
• This holding represents 5.3% of the total outstanding common stock, based on the issuer's Form 10-Q filed on June 4, 2026.
• The filing indicates shared voting and dispositive power for all reported shares among the reporting persons.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a standard disclosure of beneficial ownership and does not contain operational or financial performance data for X-Energy, Inc.

Positives

• Significant ownership stake of 5.3% in X-Energy, Inc. by Segra Capital Management and its affiliates.
• The filing confirms the securities are held in the ordinary course of business, suggesting a standard investment approach.

Risks

• Potential for increased scrutiny or activism from a significant institutional investor like Segra Capital Management.
• The filing does not provide specific investment strategy details, leaving the long-term intentions open to interpretation.

Future Outlook

The filing does not contain forward-looking statements or guidance from X-Energy, Inc. It solely reports on the beneficial ownership of securities by Segra Capital Management and its affiliates.

Management Comments

• Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
• Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates Segra Capital Management's increased interest in X-Energy, Inc., a move that often precedes further strategic actions or engagement with the company's management.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership positively, potentially leading to greater market interest or improved corporate governance.
• Management of X-Energy, Inc.: May need to engage with Segra Capital Management regarding their investment and potential strategic input.

Next Steps

• Monitor future filings from Segra Capital Management for any changes in ownership or disclosed intentions.
• Observe X-Energy, Inc.'s strategic responses or communications following this disclosure.

Key Dates

Keywords

Schedule 13G, X-Energy, Inc., Segra Capital Management, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Institutional Investor