Big Sky Industrial (BSIN), formerly U.S. Energy Corp., reported second-quarter 2026 revenue of $2.1 million and a net loss of $2.3 million, or $0.04 per diluted share, for the three months ended June 30, 2026. Production was 33,747 BOE, 68% oil, compared with 48,816 BOE in the second quarter of 2025.
The company said Phase I construction at the Big Sky Carbon Hub advanced during the quarter, with commercial operations and first revenue still targeted for the first quarter of 2027. Big Sky also completed its corporate rebrand and began trading on Nasdaq under the ticker BSIN.
- Revenue: Second-quarter 2026 revenue totaled $2.1 million, up from $2.0 million a year earlier.
- Net loss: Net loss was $2.3 million, compared with $6.1 million in the second quarter of 2025.
- Liquidity: Cash was $6.0 million and total available liquidity was $21.5 million as of June 30, 2026.
- Helium contract: Big Sky executed a five-year, 100% take-or-pay helium offtake agreement at $285 per Mcf at the plant gate.
- Project timing: Facility commissioning is targeted for late 2026, with first gas, commercial operations and first revenue targeted for the first quarter of 2027.
$USEG Insider Trading Activity
$USEG insiders have traded $USEG stock on the open market 9 times in the past 6 months. Of those trades, 1 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $USEG stock by insiders over the last 6 months:
- JOSHUA LANE BATCHELOR has made 0 purchases and 8 sales selling 700,000 shares for an estimated $907,086.
- RYAN LEWIS SMITH (CEO) purchased 15,000 shares for an estimated $13,050
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$USEG Hedge Fund Activity
We have seen 8 institutional investors add shares of $USEG stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 299,258 shares (+163.5%) to their portfolio in Q1 2026, for an estimated $264,573
- PEAK6 LLC added 200,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $176,820
- VIRTU FINANCIAL LLC added 89,819 shares (+412.4%) to their portfolio in Q1 2026, for an estimated $79,408
- GEODE CAPITAL MANAGEMENT, LLC added 62,675 shares (+38.9%) to their portfolio in Q1 2026, for an estimated $55,410
- CITADEL ADVISORS LLC removed 61,817 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $54,652
- XTX TOPCO LTD removed 31,938 shares (-70.8%) from their portfolio in Q1 2026, for an estimated $28,236
- TWO SIGMA SECURITIES, LLC removed 24,473 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,636
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
