Quarterly ResultAug 11, 2026, 08:10 AM
Big Sky Industrial Reports Q2 2026 Results; Completes Rebrand to BSIN
AI Summary
Big Sky Industrial Inc. reported its Q2 2026 financial and operating results, alongside significant progress at its Big Sky Carbon Hub. The company completed its corporate rebrand from U.S. Energy Corp. to Big Sky Industrial Inc., with its common stock now trading as "BSIN" on Nasdaq. Construction of the Phase 1 processing facility is advancing, targeting first revenue in Q1 2027, supported by a five-year, 100% take-or-pay helium offtake agreement. The company reported a net loss of $2.3 million for the quarter, an improvement from the prior year.
Key Highlights
- Net loss for Q2 2026 was $2.3 million, an improvement from $6.1 million in Q2 2025.
- Revenue for Q2 2026 totaled $2.1 million, up from $2.0 million in Q2 2025.
- Adjusted EBITDA was $(0.9) million, compared to $(1.3) million in Q2 2025.
- Industrial gas capital expenditures reached $9.6 million in H1 2026, up from $2.5 million in H1 2025.
- Cash balance was $6.0 million as of June 30, 2026, with total available liquidity of $21.5 million.
- Completed corporate rebrand to Big Sky Industrial Inc. and Nasdaq ticker change to "BSIN".
- Executed a five-year, 100% take-or-pay helium offtake agreement at $285 per Mcf.
- Phase 1 processing facility construction is advancing, targeting Q1 2027 for first revenue.
Price Impact
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