Big Sky Industrial Inc.
USEG · Price history
Company & revenue
About Big Sky Industrial Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Big Sky Industrial Inc., an independent energy company, focuses on the acquisition, exploration, and development of industrial gas, and oil and natural gas properties in the continental United States. The company's principal properties and operations are located in the Rockies region, including Montana and Wyoming; the Mid-Continent region comprising Oklahoma, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions. The company was formerly known as U.
How they make money
Big Sky Industrial Inc. operates as an integrated industrial gas, energy, and carbon management company. It generates revenue through the production and sale of oil and natural gas from its owned and operated assets, while simultaneously developing infrastructure for helium production and carbon management services supported by federal tax credits.
Products & services
The company produces and sells crude oil and natural gas, and is developing helium extraction and carbon management infrastructure at its Big Sky Carbon Hub.
Brands & revenue mix
Integrated carbon management and helium production facility located in Montana.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Oil and natural gas purchasersSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Diluted weighted-average shares increased 60.4% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Total debt increased 834.4% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
19
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
25
Poor
Financial Strength
50
Business Quality / Moat
0
Management
40
Growth Quality
6
Risk / Durability
8
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
24
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
30/100
Building Historical Record
Model Score 30/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for USEG
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving USEG's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can USEG fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does USEG's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for USEG to reach sustainable profitability?
- •What future growth or profitability would be needed to justify USEG's current valuation?
Essential Investment Snapshot
Wall Street Score
19
Opportunity Score
24
Market Cap
$44.4M
P/E Ratio
-4.5
EPS
$-0.28
52-Week High
$2.75
52-Week Low
$0.66
Beta
0.76
Analyst Target
$7.00
Shares Outstanding
33.8M
Total Revenue
$6.9M
Total Debt
$4.8M
Dividend
No current dividend
Liquidation Value / Share
$1.10
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Notices for USEG
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-49.6x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on USEG.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Control of 1.3 BCF of certified helium and 444 BCF of CO2 resources.
- +Wholly owned Cut Bank oil field assets.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Exploration & Production industry.
- −Operational risks associated with oil and gas exploration and production.
- −Dependence on commodity price fluctuations for oil and natural gas.
- −Diluted weighted-average shares increased 60.4% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
19
Oct 1, 2026
Change
Unchanged
Current Score
19
Oct 26, 2026
Category Changes
USEG score was unchanged.
Projected Score
Projected Score
17
Projected Change
-1.9 points
Preliminary comparable-period financial changes suggest decline of approximately 1.9 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.25
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -64.3%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.9M | $7.4M | $20.6M | $32.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $7.5M | $9.6M | $20.9M | $29.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$582K | -$2.3M | -$276K | $3.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $9.1M | $8.1M | $8.2M | $11.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $5.9M | $8.1M | $25.5M | $38.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$7.9M | -$10.4M | -$16.8M | -$20.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$6.5M | -$10.3M | -$25.7M | -$35.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $61K | $208K | $530K | $1.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$10.7M | -$14.4M | -$25.8M | -$33.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $6K | $6K | $20K | -$891K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$10.7M | -$14.4M | -$25.8M | -$32.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.27 | $-0.43 | $-0.96 | $-1.28 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 52.39M | 33.82M | 26.72M | 25.32M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 52.39M | 33.82M | 26.72M | 25.32M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.04
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+834.4%
Cash Change
-11.0%
Margin Change
+191.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 5.2%. EPS declined 77.1%. Cash declined 11.0%. Total debt increased 834.4%. Net income margin improved by 191.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Oil & Gas Exploration & ProductionNews
No news available for USEG.
Rumor Mill · USEG
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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