Big Sky Industrial Reports Q3 2026 Revenue Growth Amid Net Loss from Remediation Costs
Big Sky Industrial (BSIN) reported third-quarter 2026 revenue of $2 million, a 12% increase year-over-year, fueled by a 30% rise in average realized prices to $63.83 per BOE. Despite the top-line growth, the company posted a net loss of $3.5 million ($0.07 per share), largely due to $1.2 million in environmental remediation costs related to a legacy fluid release from a gathering line. The company is currently transitioning toward its carbon and helium initiatives via the Big Sky Carbon Hub. While production volumes decreased following 2025 asset divestitures, management highlighted progress on Phase 1 capacity for helium (14 million cubic feet annually) and CO2 (125,000 metric tons). A five-year take-or-pay contract for helium has been secured with a global industrial gas company. However, the company faces delays in EPA approval for its Monitoring, Reporting, and Verification (MRV) plan.
Topics: EBITDA Environmental Remediation Net Loss Oil Production Revenue