BIG SKY INDUSTRIAL INC.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THEnine months ended September 30, 2026 and 2025
(in thousands)
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(8,960) | $(12,510) |
| Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
| Depreciation, depletion, accretion, and amortization | 1,681 | 3,053 |
| Impairment of oil and natural gas properties | - | 3,628 |
| Loss on sale of assets | - | 434 |
| Commodity derivatives loss | 140 | - |
| Loss (gain) on marketable equity securities | 57 | (180) |
| Amortization of debt issuance costs | 28 | 100 |
| Stock-based compensation | 1,708 | 1,454 |
| Right-of-use asset amortization | 135 | 129 |
| Shares issued to consultants | 176 | - |
| Changes in operating assets and liabilities: | ||
| Oil and natural gas sales receivables | (250) | 807 |
| Accounts payable and accrued liabilities | 516 | (2,583) |
| Other operating assets and liabilities, net | 161 | (467) |
| Payments on operating lease liability | (156) | (146) |
| Net cash used in operating activities | (4,764) | (6,281) |
| Cash flows from investing activities: | ||
| Acquisition of industrial gas properties | - | (2,128) |
| Industrial gas properties capital expenditures | (15,170) | (7,653) |
| Oil and natural gas properties capital expenditures | (485) | (18) |
| Property and equipment expenditures | - | (4) |
| Net proceeds from sale of oil and natural gas properties | - | 134 |
| Net cash used in investing activities | (15,655) | (9,668) |
| Cash flows from financing activities: | ||
| Borrowings on credit facility | 6,000 | - |
| Financing costs | (113) | - |
| Shares withheld to settle tax withholding obligations for restricted stock awards | (171) | (346) |
| Repurchases of common stock | - | (316) |
| Related party share repurchase | - | (1,574) |
| Proceeds from underwritten offering | 8,086 | 11,877 |
| Proceeds from committed equity facility | 9,103 | - |
| Net cash provided by financing activities | 22,905 | 9,641 |
| Net change in cash and equivalents | 2,486 | (6,308) |
| Cash and equivalents, beginning of period | 429 | 7,723 |
| Cash and equivalents, end of period | $2,915 | $1,415 |
The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. Please seeNote-15- Supplemental Disclosures of Cash Flow Information.
BIG SKY INDUSTRIAL INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.