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Big Sky Industrial (BSIN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Big Sky Industrial (BSIN) Q2 2026 earnings results →
Q2 2026 Revenue up 5% year over year to $2.1M · 107¢ of every $1 of revenue lost · operating margin -111.8%
Big Sky Industrial made $2.1M in Q2 2026 (+5% Y/Y): Oil Sales $2.0M, Natural Gas, Midstream $100K. Operating margin -111.8%, net loss $2.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $2.1M in Q2 2026, up 5% year over year and up 33% from the previous quarter. Oil Sales was the largest line at 95% of revenue. Oil Sales added $190K year over year (up 10%), 179% of the total change. Natural Gas, Midstream declined 46%.
Operating costs exceeded revenue by $2.4M, an operating margin of -111.8%. Total costs fell 45% while revenue rose 5%. The fastest-growing cost line was General & admin (+18%). The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $3.2M loss.
Operating cash flow was −$800K. Non-cash charges added back $592K of depreciation and amortization and $685K of share-based compensation. Working capital and other items added $202K. Capital expenditures of $91K exceeded it, leaving free cash flow of −$891K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $2.1M | +5% | -111.8% | −$2.3M | −$800K |
| Q1 2026 | 10-Q | May 7, 2026 | $1.6M | -27% | -196.0% | −$3.2M | −$2.5M |
| Q4 2025 | 10-K | Mar 13, 2026 | $1.4M | -67% | -118.7% | −$1.9M | −$857K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $1.7M | -65% | -194.4% | −$3.3M | −$154K |
| Q2 2025 | 10-Q | Aug 12, 2025 | $2.0M | -66% | -307.6% | −$6.1M | −$1.6M |
| Q1 2025 | 10-Q | May 12, 2025 | $2.2M | -59% | -140.8% | −$3.1M | −$4.5M |
| Q4 2024 | 10-K | Mar 13, 2025 | $4.2M | -42% | -278.9% | −$11.9M | $1.7M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Big Sky Industrial
In this Annual Report on Form 10-K (this “Report”), we may rely on and refer to information regarding the oil and gas industry or the industrial gas industry in general from market research reports, analyst reports and other publicly available information. Although we believe that this information is reliable, we cannot guarantee the accuracy and completeness of this information, we have not independently verified any of it and we have not commissioned any of the market or survey data that is presented in this Report. Please see the “Glossary of Oil, Natural and Industrial Gas Terms” above for a list of abbreviations and definitions used throughout this Report.
In its own words, from its 10-K, filed Mar 13, 2026.
Big Sky Industrial against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +46%. Operating margin: -111.8% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BSIN Big Sky Industrial | Q2 2026 | $2.1M | +5% | -111.8% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Big Sky Industrial 10-Q on SEC EDGAR · CIK 101594 · Crude Petroleum & Natural Gas
13F: who owns BSIN and who is buying
More on BSIN
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results