--- title: "Big Sky Industrial | 8-K: FY2026 Q2 Revenue: USD 2.134 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295533574.md" datetime: "2026-08-11T12:03:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295533574.md) - [en](https://longbridge.com/en/news/295533574.md) - [zh-HK](https://longbridge.com/zh-HK/news/295533574.md) --- # Big Sky Industrial | 8-K: FY2026 Q2 Revenue: USD 2.134 M Revenue: As of FY2026 Q2, the actual value is USD 2.134 M. EPS: As of FY2026 Q2, the actual value is USD -0.04, beating the estimate of USD -0.05. EBIT: As of FY2026 Q2, the actual value is USD -2.269 M. #### Second Quarter 2026 Financial Results Big Sky Industrial Inc. reported total revenue of $2,134 thousand for the second quarter of 2026, an increase from $2,028 thousand in the second quarter of 2025. Oil revenue contributed $2,034 thousand (84% of total revenue) for Q2 2026, up from $1,844 thousand in Q2 2025, while natural gas and liquids revenue was $100 thousand, down from $184 thousand in Q2 2025. Production for Q2 2026 was 33,747 barrels of oil equivalent (BOE), a decrease from 48,816 BOE in Q2 2025. The average realized sales price for Q2 2026 was $77.73/bbl for oil and $2.20/mcf for natural gas, resulting in an average realized price of $63.24/BOE, compared to Q2 2025 prices of $55.14/bbl for oil, $2.00/mcf for natural gas, and an average realized price of $41.54/BOE. Operating expenses included lease operating expense of $995 thousand for Q2 2026, down from $1,520 thousand in Q2 2025. Cash general and administrative expense increased to $1,800 thousand for Q2 2026 from $1,700 thousand in Q2 2025, while equity compensation expense remained consistent at $1,100 thousand for both periods. The operating loss for Q2 2026 was - $2,385 thousand, an improvement from - $6,239 thousand in Q2 2025. Big Sky Industrial Inc. reported a net loss of - $2,279 thousand for Q2 2026, compared to a net loss of - $6,058 thousand in Q2 2025, which included a $2,800 thousand impairment of oil and natural gas properties. Adjusted EBITDA improved to - $949 thousand for Q2 2026 from - $1,290 thousand in Q2 2025. #### Six Months Ended June 30, 2026 Financial Results Total revenue for the six months ended June 30, 2026, was $3,739 thousand, down from $4,222 thousand for the same period in 2025. The operating loss for the six-month period was - $5,529 thousand, an improvement from - $9,326 thousand in the prior year. The net loss for the six months ended June 30, 2026, was - $5,465 thousand, compared to - $9,169 thousand for the same period in 2025. #### Capital Expenditures Industrial gas capital expenditures reached $9,700 thousand during the first six months of 2026, significantly up from $2,504 thousand in the prior-year period. The Company invested $9.6 million in Big Sky through the first six months of 2026. #### Cash Flow Net cash used in operating activities for the six months ended June 30, 2026, was - $3,252 thousand, an improvement from - $6,127 thousand for the same period in 2025. Net cash used in investing activities was - $10,094 thousand for the six months ended June 30, 2026, compared to - $4,509 thousand for the same period in 2025. Net cash provided by financing activities was $18,905 thousand for the six months ended June 30, 2026, compared to $9,641 thousand for the same period in 2025. Cash and equivalents at June 30, 2026, were $5,987 thousand, compared to $6,728 thousand at June 30, 2025. #### Balance Sheet and Liquidity As of June 30, 2026, Big Sky Industrial Inc. had a cash balance of $6.0 million, which decreased to $4.9 million as of August 4, 2026. Total available liquidity was $21.5 million as of June 30, 2026, including $17.5 million of undrawn capacity, and decreased to $16.4 million as of August 4, 2026. Total debt outstanding was $4,500 thousand as of June 30, 2026, increasing to $8,500 thousand as of August 4, 2026. The net debt balance was - $1,487 thousand as of June 30, 2026, and $3,600 thousand as of August 4, 2026. Total assets were $55,947 thousand as of June 30, 2026, up from $40,630 thousand as of December 31, 2025. Total liabilities were $18,908 thousand as of June 30, 2026, up from $16,435 thousand as of December 31, 2025. Total shareholders’ equity was $37,039 thousand as of June 30, 2026, up from $24,195 thousand as of December 31, 2025. #### Outlook / Guidance Big Sky Industrial Inc. targets commercial operations and first revenue for the first quarter of 2027, driven by the advancement of Phase 1 processing facility construction and gathering infrastructure. The company expects MRV approvals for Big Rose and Cut Bank in the coming months, which are crucial for accessing the Section 45Q tax credit framework, representing approximately $130 million in credit value. A five-year, 100% take-or-pay helium offtake agreement is in place at $285 per Mcf plant-gate price, with CPI-linked escalation and a year-three pricing redetermination, to establish contracted initial helium revenue. ### Related Stocks - [BSIN.US](https://longbridge.com/en/quote/BSIN.US.md) ## Related News & Research - [Big Sky Industrial Q2 net loss narrows](https://longbridge.com/en/news/295534885.md) - [BSIN: Phase 1 construction advances on schedule, with strong liquidity and key contracts secured](https://longbridge.com/en/news/295551878.md) - [BSIN: Capital raised and Big Sky project advanced despite lower production and ongoing market risks](https://longbridge.com/en/news/295535130.md) - [3 U.S. Energy Stocks Tied To Higher Oil And Gas Prices](https://longbridge.com/en/news/296027452.md) - [BSIN: Big Sky Industrial’s strong revenue and EBITDA growth expected in 2027 supports price target of $3.50](https://longbridge.com/en/news/296256847.md)