Big Sky Industrial Q2 net loss narrows

Big Sky Industrial

11/08/2026 13:12

Overview
US industrial gas and carbon management firm's Q2 revenue was flat as stronger realized oil prices offset lower output
Company posted narrower Q2 net loss year-over-year after asset divestitures 
Company advanced Phase 1 processing facility and secured five-year helium offtake, targeting first revenue in Q1 2027

Outlook
Company has secured five-year, 100% take-or-pay helium offtake at $285 per Mcf plant-gate price
Company expects EPA MRV approvals in coming months, required to access Section 45Q tax credits

Result Drivers
DIVESTITURE IMPACT - Decline in oil production reflects completed divestiture program and natural production declines, offset by stronger realized oil prices

Company press release: ID:nGNXrDfYj

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.13 mln
$2.10 mln (1 Analyst)
Q2 Loss Per Share
 
$0.04
 
Q2 Net Loss
 
$2.34 mln
 
Q2 Adjusted EBITDA
 
-$949,000
 
Q2 Operating Income
 
-$2.39 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Big Sky Industrial Inc is $2.75, about 127.3% above its August 10 closing price of $1.21

Reuters Recommended Reads
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Aug 10 - Verde Clean Fuels Q2 net loss narrows on cost savings

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)