BIG SKY INDUSTRIAL INC. (USEG) Form 8-K — Aug 11, 2026
Big Sky Industrial Inc. (Nasdaq: BSIN, formerly U.S. Energy Corp.) reported Q2 2026 revenue of $2.1 million and a net loss of $2.3 million, or $0.04 per share, narrowed sharply from a $6.1 million loss ($0.19 per share) a year ago. Production fell to 33,747 BOE from 48,816 BOE as strategic divestitures substantially completed the wind-down of the legacy E&P business.
Key figures
- Revenue
- 2134000
- Total Debt
- 4500000
- Revenue Yoy
- +5.2% (vs $2,028 thousand in Q2 2025)
- Total Assets
- 55947000
- Cash Position
- 5987000
- Shares Outstanding
- 52487506
- Cash Aug4
- 4900000
- Debt Aug4
- 8500000
- H1 Revenue
- 3739000
- Plant Design
- ~8 MMcf/d inlet, ~14 MMcf high-purity helium, ~125,000 metric tons CO2/year
- Production Q2
- 33,747 BOE (68% oil) vs 48,816 BOE in Q2 2025
- Borrowing Base
- $20 million (doubled); 200 bps margin over alternate base rate
- Realized Prices
- $77.73/bbl oil and $2.20/mcf gas; $63.24/BOE vs $41.54/BOE prior year
- Facility Maturity
- May 31, 2029, no prepayment penalties
- Helium Offtake Term
- 5 years, 100% take-or-pay, investment-grade counterparty
- First Revenue Target
- Q1 2027
- Helium Offtake Price
- $285 per Mcf plant-gate, CPI escalation from March 1, 2028
- Total Liquidity Aug4
- 16400000
- Industrial Gas Capex H1
- $9.6 million vs $2.5 million prior-year period
- Total Liquidity June30
- 21487000
- Lease Operating Expense
- $1.0 million vs $1.5 million prior year
- Section45 QCredit Value
- approximately $130 million over first 12 years of Phase 1
- Subsequent Facility Draw
- 4000000
Price after filing
1 day: 0.0%7 days: +14.9%30 days: +32.2%
Close on the filing date to close N calendar days later (from $1.21). Historical, not a forecast.
AI analysis
Red flags6 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.