BIG SKY INDUSTRIAL INC.

Listed Company

BSINCIK 0000101594NasdaqNon-AcceleratedSmaller ReportingCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.35M

Net Income

$-14.37M

Total Assets

$40.63M

Equity

$24.20M

Shares Out

52.32M

Op. Cash Flow

$-7.14M

USEG$0.98−19.96% · past yearDBEQ Basic

Daily closing prices

Business

Big Sky Industrial Inc. acquires and develops oil and natural gas producing properties in the continental United States, primarily in the Rockies, Mid-Continent, and Gulf Coast regions. The company operates oil and gas assets and is developing an industrial gas project on approximately 168,000 net acres in Montana's Kevin Dome to extract and commercialize carbon dioxide and other industrial gas streams. Operations include both conventional hydrocarbon production and early-stage industrial gas exploration with planned processing and infrastructure.

Summary from 10-K filed 2026-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	7	21	32	45	7
Lease operating expenses	5	11	15	17	—
Gathering, transportation, and treating	59,000	205,000	557,000	573,000	—
Production taxes	539,000	1	2	3	—
Depreciation, depletion, accretion, and amortization	4	8	11	10	—
Impairment of oil and natural gas properties	4	12	27	0	—
Exploration Expense	230,000	369,000	—	—	—
General and administrative expenses	8	8	12	11	5
Loss on sale of assets	411,000	5	0	—	—
Total operating expenses	22	46	67	41	8
Operating loss	−14	−26	−35	4	−1
Commodity derivative gain, net	0	537,000	3	−6	−260,000
Interest expense, net	−208,000	−442,000	−1	−544,000	−57,000
Other income (expense), net	199,000	−33,000	25,000	−168,000	47,000
Total other income (expense)	−9,000	62,000	2	−6	−335,000
Net loss before income taxes	−14	−26	−33	−3	−2
Income tax (expense) benefit	−6,000	−20,000	891,000	2	—
Net loss	−14	−26	−32	−963,000	−2
Basic and diluted weighted average shares outstanding (in shares)	34	27	25	25	4
Basic and diluted loss per share (in dollars per share)	−0.43	−0.96	−1.28	−0.04	−0.39

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and equivalents	429,000	8	3	4	4
Oil and natural gas sales receivables	454,000	1	2	3	933,000
Marketable equity securities	146,000	131,000	164,000	107,000	191,000
Other current assets	956,000	572,000	527,000	558,000	179,000
Total current assets	2	10	8	8	6
Evaluated properties	132	142	177	203	—
Less accumulated depreciation, depletion and amortization	−117	−113	−107	−97	−88
Net oil and natural gas properties	15	29	70	108	8
Unproved industrial gas properties, not subject to amortization	22	9	0	2	—
Property and equipment, net	318,000	660,000	899,000	651,000	188,000
Right of use asset	356,000	528,000	693,000	868,000	120,000
Other assets	270,000	300,000	305,000	354,000	132,000
Total other assets	944,000	1	2	2	3
Total assets	41	50	80	118	18
Accounts payable and accrued liabilities	2	5	4	4	1
Accrued compensation and benefits	54,000	850,000	702,000	1	—
Revenue and royalties payable	4	5	5	4	—
Asset retirement obligations	300,000	1	1	668,000	—
Current lease obligation	210,000	196,000	182,000	189,000	114,000
Total current liabilities	6	12	11	11	3
Credit facility	3	0	5	12	—
Asset retirement obligations	8	13	17	15	1
Long-term lease obligation	206,000	415,000	611,000	794,000	19,000
Total noncurrent liabilities	10	13	23	28	1
Total liabilities	16	25	34	40	4
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, $0.01 par value; 245,000,000 authorized; 34,405,143 and 27,903,197 shares issued and outstanding as of December 31, 2025 and 2024, respectively	345,000	279,000	253,000	250,000	47,000
Additional paid-in capital	236	221	218	217	149
Accumulated deficit	−212	−198	−172	−139	−136
Total shareholders equity	24	24	47	78	13
Total liabilities and shareholders equity	41	50	80	118	18

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion, accretion, and amortization	4	8	11	10	589,000
Deferred income taxes	0	−16,000	−882,000	−2	—
Total commodity derivatives gains, net	0	−537,000	−3	6	—
Commodity derivative settlements received	0	2	−656,000	−7	—
(Gains) losses on marketable equity securities	−15,000	33,000	−57,000	83,000	—
Amortization of debt issuance costs	104,000	49,000	49,000	45,000	—
Stock-based compensation	2	1	2	3	549,000
Right of use asset amortization	173,000	165,000	175,000	205,000	—
Oil and natural gas sales receivable	844,000	1	851,000	−2	−419,000
Other assets	198,000	−89,000	687,000	150,000	141,000
Accounts payable and accrued liabilities	−2	1	−60,000	1	−125,000
Accrued compensation and benefits	−796,000	148,000	−410,000	−51,000	850,000
Revenue and royalties payable	−485,000	−21,000	1	3	—
Payments on operating lease liability	−196,000	−182,000	−189,000	−104,000	−92,000
Settlements of asset retirement obligations	−96,000	−374,000	−215,000	−407,000	−107,000
Net cash (used in) provided by operating activities	−7	5	5	11	−153,000
Acquisition of industrial gas properties	−2	−3	0	—	—
Proceeds from sale of oil and natural gas properties, net	194,000	14	—	—	—
Sale of real estate and other, net	0	128,000	0	—	440,000
Net cash (used in) provided by investing activities:	−12	6	3	−17	−3
Borrowings on credit facility	3	2	500,000	—	—
Payments on credit facility	0	−7	−8	−7	—
Payments on insurance premium finance note	0	−62,000	−647,000	−559,000	−199,000
Debt and equity financing costs	−386,000	0	—	—	—
Shares withheld to settle tax withholding obligations for restricted stock awards	−375,000	−133,000	−151,000	307,000	−38,000
Related party share repurchase	−2	0	—	—	—
Proceeds from underwritten offering	12	0	—	—	5
Repurchases of common stock	−316,000	−788,000	−368,000	0	—
Net cash provided by (used in) financing activities	12	−6	−9	6	5
Net (decrease) increase in cash and equivalents	−7	4	−1	−11,000	2

Filings

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Frequently asked questions

What is BIG SKY INDUSTRIAL INC.'s CIK number?

BIG SKY INDUSTRIAL INC.'s SEC CIK number is 0000101594 (101594). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find BIG SKY INDUSTRIAL INC.'s SEC filings?

All of BIG SKY INDUSTRIAL INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did BIG SKY INDUSTRIAL INC. last report earnings?

BIG SKY INDUSTRIAL INC. (BSIN) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015351). This is BIG SKY INDUSTRIAL INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is BIG SKY INDUSTRIAL INC.'s most recent earnings 8-K?

BIG SKY INDUSTRIAL INC.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001437749-26-015351. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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