Big Sky Industrial Q2 net loss narrows
BSIN•Helium offtake and tax credit timing
- Company has secured a five-year, 100% take-or-pay helium offtake at a $285 per Mcf plant-gate price.
- Company expects EPA MRV approvals in the coming months, which are required to access Section 45Q tax credits.
Quarterly results and analyst coverage
- Q2 Revenue: $2.13 million, versus consensus of $2.10 million (1 analyst).
- Q2 Loss Per Share: $0.04.
- Q2 Net Loss: $2.34 million.
- Q2 Adjusted EBITDA: -$949,000.
- Q2 Operating Income: -$2.39 million.
- The one available analyst rating on the shares is "buy".
- The average consensus recommendation for the oil & gas exploration and production peer group is "buy".
- Wall Street's median 12-month price target for Big Sky Industrial Inc is $2.75, about 127.3% above its August 10 closing price of $1.21.
Q2 revenue flat as realized oil prices offset lower output
- US industrial gas and carbon management firm's Q2 revenue was flat as stronger realized oil prices offset lower output.
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