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Sky Quarry, Inc.
(NASDAQ:SKYQ)
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Rating:44Neutral
Price Target:
$2.50
▼(-46.81% Downside)
Action:Reiterated
Date:08/21/26
The score is held down primarily by weak financial performance—large losses, negative margins, and persistent cash burn—followed by bearish technical signals with the stock below key moving averages and negative MACD. Valuation is difficult to justify with a negative P/E and no dividend support, while recent corporate milestones (production start, liquidity actions, CFO hire) offer some upside potential but do not yet offset the current financial and trend weakness.
Positive Factors
Refinery production ramp
Moving from repairs into production creates a pathway to recurring customer deliveries and operating cash flow. The refinery’s storage, inventory and regional location could support participation in refining margins as the company develops a functioning operating base.
Negative Factors
Deep unprofitability and margin pressure
Persistent negative gross profit and large operating losses indicate that the current business model is not yet economically viable. Unless production improves unit economics and cost control, revenue growth alone may not translate into durable earnings or shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Refinery production ramp
Moving from repairs into production creates a pathway to recurring customer deliveries and operating cash flow. The refinery’s storage, inventory and regional location could support participation in refining margins as the company develops a functioning operating base.
Read all positive factors
Sky Quarry, Inc. (SKYQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.44M
Dividend YieldN/A
Average Volume (3M)20.03M
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-91.88%
EPS Growth36.25%
CountryUS
Employees26
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)-3.68
Shares Outstanding8,833,390
10 Day Avg. Volume12,134,825
30 Day Avg. Volume20,028,989
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.55
Price to Sales (P/S)0.40
P/FCF Ratio-1.45
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sky Quarry, Inc. Business Overview & Revenue Model
Company Description
Sky Quarry Inc. is an enterprise with a diversified operational scope spanning oil production, refining, and ecological restoration. The company's environmental endeavors involve the reclamation of oil-saturated lands and the recycling of spent as...
How the Company Makes Money
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Sky Quarry, Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 219.62B | 12.49M | 23.36M | 50.73M | 16.29M |
| Gross Profit | -685.60B | -3.19M | -1.40M | 2.34M | 3.49M |
| EBITDA | -3.71T | -7.74M | -7.33M | -379.92K | -1.32M |
| Net Income | -4.06T | -12.20M | -14.73M | -4.44M | -2.71M |
Balance Sheet | |||||
| Total Assets | 28.33M | 19.21M | 26.95M | 28.18M | 26.85M |
| Cash, Cash Equivalents and Short-Term Investments | 7.23M | 35.37K | 385.12K | 326.82K | 572.20K |
| Total Debt | 10.52M | 9.93M | 10.94M | 10.18M | 3.30M |
| Total Liabilities | 16.57M | 16.03M | 15.45M | 15.09M | 10.47M |
| Stockholders Equity | 11.76M | 3.19M | 11.50M | 13.09M | 16.38M |
Cash Flow | |||||
| Free Cash Flow | -8.16M | -3.41M | -8.97M | -2.07M | -7.99M |
| Operating Cash Flow | -7.96M | -3.27M | -7.49M | -376.06K | -2.72M |
| Investing Cash Flow | -446.98K | -368.06K | -1.48M | -731.94K | -9.27M |
| Financing Cash Flow | 15.43M | 1.13M | 7.62M | 4.46M | 11.68M |
Sky Quarry, Inc. Technical Analysis
Negative
4.70
Price Trends
3.18
Negative
4.04
Negative
3.48
Negative
Market Momentum
-0.26
Positive
41.18
Neutral
10.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYQ, the sentiment is Negative. The current price of 4.7 is above the 20-day moving average (MA) of 3.63, above the 50-day MA of 3.18, and above the 200-day MA of 3.48, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 41.18 is Neutral, neither overbought nor oversold. The STOCH value of 10.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SKYQ.
Sky Quarry, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
SKYQ
Sky Quarry, Inc.
2.68
-1.37
-33.86%
SLNG
Stabilis Solutions
5.57
1.47
35.85%
Sky Quarry, Inc. Corporate Events
Business Operations and StrategyExecutive/Board Changes
Sky Quarry Appoints Heidi Bowman as New CFO
Positive
Aug 21, 2026
On August 18, 2026, Sky Quarry Inc.’s board appointed veteran finance executive Heidi C. Bowman as Chief Financial Officer, effective immediately. Bowman, a UCLA economics graduate and inactive California CPA, previously served as CFO at Hil...
Private Placements and FinancingRegulatory Filings and ComplianceStock Split
Sky Quarry Completes At-The-Market Equity Offering Program
Positive
Jul 30, 2026
Between April and June 2026, Sky Quarry Inc. completed the sale of all common stock available under its at-the-market equity offering program, as outlined in its April 22, 2026 prospectus supplement linked to an effective shelf registration statem...
Business Operations and StrategyExecutive/Board Changes
Sky Quarry Grants Special Cash Award to Executive Leader
Positive
Jul 21, 2026
On July 15, 2026, Sky Quarry Inc.’s Board of Directors approved a one-time discretionary cash award of $100,000 to Marcus Laun, recognizing his service as president, interim chief executive officer and interim chief financial officer. The lu...
Business Operations and StrategyPrivate Placements and Financing
Sky Quarry restructures merchant debt into unified promissory note
Positive
Jul 2, 2026
On June 29, 2026, Sky Quarry Inc., Foreland Refining Corporation and 2020 Resources LLC entered into a Conversion and Exchange Agreement with Libertas Funding LLC to restructure $3,985,000 of outstanding merchant cash advance obligations into a si...
Business Operations and Strategy
Sky Quarry Commences Production at Nevada Foreland Refinery
Positive
Jun 22, 2026
On June 22, 2026, Sky Quarry Inc. announced it is entering the production phase at its Eagle Springs/Foreland Refinery in Ely, Nevada, with operations expected to commence in July 2026 after completing repairs, upgrades and final preparations. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.