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Big Sky Industrial Inc. Reports Third Quarter 2026 Results and Highlights Phase 1 Construction Progress at Big Sky Carbon Hub

  • Big Sky Industrial reported Q3 2026 financial results with revenue of $2.0 million, a net loss of $3.5 million, & Adjusted EBITDA of $(0.8) million.
  • The Company's Big Sky Carbon Hub construction remains on schedule with in-field gathering & injection lines complete & plant fabrication underway.
  • Target date for first helium production & sales is set for spring 2027, allowing time for commissioning before the Montana winter.
  • A five-year, 100% take-or-pay helium off-take agreement is in place at a fixed price of $285 per Mcf with the buyer covering all transportation costs.
  • The Big Rose Monitoring, Reporting, & Verification (MRV) plan is in the final stage of EPA approval after submission in October 2025.
  • Helium was designated a critical material by the U.S. Department of Energy on October 23, 2026, highlighting the strategic value of domestic supply.
  • Discussions are advancing on a new, larger senior secured credit facility & the monetization of Phase 1 Section 45Q tax credits.
  • Phase 1 processing facility fabrication began under the EPC agreement with CANUSA EPC, with equipment installation planned for late Q4 2026 through Q1 2027.
  • Phase 2 engineering & planning are underway, with a final investment decision expected in the coming months.
  • The Company sold 15 non-core East Texas wells for $0.4 million net proceeds, with the buyer assuming $0.9 million in asset retirement obligations.
  • Cash balance stood at $2.9 million as of September 30, 2026, with total liquidity of $14.4 million including $11.5 million in undrawn credit facility capacity.
  • Q3 2026 lease operating expenses were $2.1 million, including $1.2 million for environmental remediation of a gathering line fluid release.
  • Production volumes for Q3 2026 were 30,628 BOE, down from 35,326 BOE in Q3 2025, primarily due to 2025 divestitures & natural decline.
  • Average realized oil price in Q3 2026 was $77.30/bbl & natural gas price was $3.35/mcf, resulting in an average realized price of $63.83/BOE.
  • The Company plans to host a conference call on November 11, 2026, to discuss the Q3 2026 results.
Company
Big Sky Industrial Inc.
Keywords
Nasdaq:BSIN, Big Sky Industrial Inc.