Big Sky Industrial Reports $3.5M Q3 Loss, Advances Carbon Hub Construction in Montana

Big Sky Industrial posted a $3.5 million net loss for the third quarter of 2026, even as revenue rose to $2.0 million from $1.7 million a year earlier. The company is building the Big Sky Carbon Hub in Montana, with Phase 1 processing-facility fabrication underway and first production targeted for spring 2027. Production fell to 30,628 BOE from 35,326 BOE, but a five-year, 100% take-or-pay helium sales agreement at $285 per Mcf supports future revenue. Lease operating expense was $2.1 million, including about $1.2 million in environmental remediation costs. Cash stood at $2.9 million at September 30, with total available liquidity of $14.4 million. Big Sky said its Big Rose monitoring, reporting and verification plan is in the final stage of EPA approval, a key step for any carbon credit revenue. The helium off-take provides near-term cash flow, but the carbon side depends on regulatory sign-off.