Sky Quarry
Refines regional crude while developing waste-asphalt-shingle recycling technology.
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Profile
Generates current revenue by refining regional crude into diesel, liquid asphalt, VGO and naphtha for Southwest U.S. customers, while developing an ECOSolv-based platform to recycle waste asphalt shingles and recover oil from Utah leases. Refined crude oil is its only reportable segment; the recycling platform remains pre-revenue.
Operates the Eagle Springs refinery near Ely, Nevada, buying regional crude and other petroleum inputs and selling diesel, liquid asphalt, vacuum gas oil and naphtha to domestic customers in the Southwest. Current revenue comes from refined-crude-oil products, with most products sold to other refineries for further processing.
Develops a separate Utah platform for recovering oil from asphalt-bearing material and recycling waste asphalt shingles through the proprietary ECOSolv process. The planned model would combine fees for accepting shingles with sales of recovered materials, but the process has only been bench-tested and the PR Spring site remains pre-revenue. Refinery sales depend on plant availability, regional feedstock procurement and a concentrated customer base; the recycling platform remains dependent on financing and uncontracted material supply and product off-take.
Company facts
Key statistics
Year to date −24.0% · Average volume (30d) 4.6M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | — | −$0.77 | — | — | $219.62B | — | −20.12% |
| May 15, 2026Q1 FY26 | — | −$0.65 | — | — | $383 | — | −4.56% |
| Mar 31, 2026Q4 FY25 | — | −$0.90 | — | — | $279.7K | — | −1.56% |
| Nov 14, 2025Q3 FY25 | — | −$0.17 | — | — | $1.3M | — | +1.80% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.3M | $4.5M | $1.3M | $279.7K | $383 | $219.62B | |
| Gross profit | −$726.1K | −$117.0K | −$1.1M | −$1.2M | −$412.4K | −$685.60B | |
| Operating income | −$2.7M | −$1.7M | −$2.6M | −$2.3M | −$1.6M | −$2.57T | |
| Net income | −$3.3M | −$2.2M | −$3.8M | −$2.9M | −$2.3M | −$4.06T | |
| Diluted EPS | −$1.28 | −$0.80 | −$1.36 | −$0.90 | −$0.65 | −$0.77 | |
| Gross margin | -11.5% | -2.6% | -81.2% | -431.6% | -107,668.7% | -312.2% | |
| Operating margin | -42.1% | -38.3% | -190.9% | -818.0% | -418,972.3% | -1,172.1% |
Fiscal years (4-quarter sums)FY24 $23.4M · FY25 $12.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $7.2M · Total debt $10.5M · Total assets $28.3M · Shareholders' equity $11.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 4.79M · Float 4.07M · 84.9% free float
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| JPMorgan Chase & Co | 281.2K | 5.87% | 13F | May 13, 2026 |
| Marcus G. Laun · director, officer: Interim CEO, Pres, Interim CFO | 216.6K | 4.52% | Form 4 | May 29, 2026 |
| Matthew C. Flemming · director, officer: Interim CEO, Interim CFO | 102.3K | 2.13% | Form 4 | May 29, 2026 |
| Alexander Monje · director | 50.0K | 1.04% | Form 4 | May 29, 2026 |
| Jane Street Group, LLC | 39.2K | 0.82% | 13F | May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 1, 2025 | David Sealock | other: Former CEO | −40,500 | $0.4065 |
| Nov 25, 2025 | David Sealock | other: Former CEO | −100,000 | $0.3652 |
| Nov 26, 2025 | David Sealock | other: Former CEO | −100,000 | $0.3506 |
| Nov 5, 2025 | David Sealock | other: Former CEO | −20,405 | $0.4060 |
| Nov 7, 2025 | David Sealock | other: Former CEO | −38,062 | $0.4000 |
Peers
- Marathon Petroleum
Largest Utah refiner in regional crude and diesel markets.
- Chevron
Salt Lake refiner competing for crude and diesel customers.
- HF Sinclair
Woods Cross overlaps in western crude, diesel and asphalt.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sky Quarry | $2.63 | +0.57% | $12.6M | — | — | 0.0 | +4,835,733.0% |
| Marathon Petroleum | $369.35 | +0.10% | $107.68B | 12.7 | 7.5 | 0.7 | +54.9% |
| Chevron | $204.35 | +1.24% | $402.06B | 19.4 | 13.2 | 1.9 | +57.9% |
| HF Sinclair | $100.35 | +0.64% | $17.73B | 9.5 | 7.3 | 0.6 | +53.2% |
| Median | 12.7 | 7.5 | 0.7 | +54.9% |