Big Sky Industrial Q3 2026: Carbon Hub Construction, Helium Offtake, and 45Q Financing Progress

Big Sky Industrial reported third quarter 2026 results, highlighting construction progress at its Big Sky Carbon Hub in Montana. The project is designed to produce about 14 MMcf of high-purity helium per year and capture 125,000 metric tons of CO2 annually. In-field gathering lines are complete, plant fabrication is underway, and first production is targeted for spring 2027. The company has a five-year, 100% take-or-pay helium sales contract at $285 per Mcf, and is in discussions to monetize its Section 45Q tax credits. Its Big Rose MRV plan is in the final stage of EPA approval, which is needed to verify carbon sequestration and qualify for credits. The company also plans to expand its credit facility to support the project. Financially, Big Sky reported a net loss of $3.5 million for the quarter, but had $14.4 million in total liquidity. Legacy oil production declined due to divestitures, but the company is pivoting to carbon management. The project's success hinges on EPA approval and successful 45Q monetization.