Big Sky Industrial

Q2 FY2026 EarningsQ2 FY26 results beat consensus across all key financial metrics, with revenue of $2.13M slightly exceeding the $2.10M expectation despite a 31% YoY decline in BOE production following strategic divestitures. Net loss of -$2.28M was narrower than the expected -$2.63M, aided by a $0.17M commodity derivative gain and reduced lease operating expenses. The transition to industrial gas reached a milestone with the Final Investment Decision (FID) for the Big Sky Carbon Hub and a 5-year take-or-pay helium contract at $285/MCF, providing significant long-term revenue visibility.