Earnings ·
Big Sky Industrial reports Q3 net loss of $3.5M and highlights Phase 1 construction progress
BSINBig Sky Industrial Inc.
Big Sky Industrial Inc. reported a third-quarter 2026 net loss of $3.5 million, or $0.07 per share, compared to a $3.3 million loss in the prior-year period. Revenue increased 12% year-over-year to $2.0 million, driven by higher average realized prices that offset a 30% decline in production volumes to 30,628 barrels of oil equivalent. The company highlighted construction progress at its Big Sky Carbon Hub, noting that Phase 1 processing facility fabrication is underway and gathering lines are complete. Management targets first helium production for spring 2027 under a five-year take-or-pay contract. Additionally, the firm disclosed discussions regarding an expanded credit facility and the monetization of Section 45Q tax credits. Big Sky Industrial operates as an integrated industrial gas, energy, and carbon management company focused on helium production and CO2 sequestration.