Sky Quarry, Inc. (SKYQ)
NASDAQ:SKYQ
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Sky Quarry, Inc.
(NASDAQ:SKYQ)
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Rating:46Neutral
Price Target:
$2.50
▲(400.00% Upside)
Action:Reiterated
Date:06/25/26
The score is held down primarily by weak financial performance: steep TTM revenue contraction, deeply negative margins and net losses, persistent negative operating/free cash flow, and sharply higher leverage. Technicals are mixed (short-term rebound but still below key longer-term averages with negative MACD), while valuation is constrained by losses and no dividend support. Corporate events provide some upside potential—especially the move toward refinery production and resolved Nasdaq compliance—but do not yet offset the current financial risk profile.
Positive Factors
Refinery Production Start
Moving into production at the Eagle Springs/Foreland Refinery is a structural shift from repair to operations. The facility's storage and regional positioning provide a durable route to generate refining margin exposure and recurring fuel sales, which can materially improve revenue and operational cash flow if ramped reliably.
Negative Factors
Steep Revenue Decline
A roughly 50% TTM revenue decline to about $6.2M erodes scale and weakens the company's ability to absorb fixed costs. Sustained top-line contraction undermines margin recovery and lengthens the timeline to profitability, making capital-intensive projects like refinery ramp more execution-sensitive and financing-dependent.
Read all positive and negative factors
Positive Factors
Negative Factors
Refinery Production Start
Moving into production at the Eagle Springs/Foreland Refinery is a structural shift from repair to operations. The facility's storage and regional positioning provide a durable route to generate refining margin exposure and recurring fuel sales, which can materially improve revenue and operational cash flow if ramped reliably.
Read all positive factors
Sky Quarry, Inc. (SKYQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.66M
Dividend YieldN/A
Average Volume (3M)13.17M
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees26
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)-3.71
Shares Outstanding4,794,646
10 Day Avg. Volume350,446
30 Day Avg. Volume13,170,332
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 Cap1.05
Enterprise Value/Revenue2.15
Enterprise Value/Gross Profit-4.69
Enterprise Value/Ebitda-1.82
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
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.16M | 12.49M | 23.36M | 50.73M | 16.29M |
| Gross Profit | -2.82M | -3.19M | -1.40M | 2.34M | 3.49M |
| EBITDA | -7.26M | -7.74M | -7.33M | -379.92K | -1.32M |
| Net Income | -11.18M | -12.20M | -14.73M | -4.44M | -2.71M |
Balance Sheet | |||||
| Total Assets | 19.31M | 19.21M | 26.95M | 28.18M | 26.85M |
| Cash, Cash Equivalents and Short-Term Investments | 66.83K | 35.37K | 385.12K | 326.82K | 572.20K |
| Total Debt | 9.90M | 9.93M | 10.94M | 10.18M | 3.30M |
| Total Liabilities | 17.31M | 16.03M | 15.45M | 15.09M | 10.47M |
| Stockholders Equity | 2.00M | 3.19M | 11.50M | 13.09M | 16.38M |
Cash Flow | |||||
| Free Cash Flow | -2.14M | -3.41M | -8.97M | -2.07M | -7.99M |
| Operating Cash Flow | -1.90M | -3.27M | -7.49M | -376.06K | -2.72M |
| Investing Cash Flow | -495.23K | -368.06K | -1.48M | -731.94K | -9.27M |
| Financing Cash Flow | 2.22M | 1.13M | 7.62M | 4.46M | 11.68M |
Sky Quarry, Inc. Technical Analysis
Neutral
0.50
Price Trends
3.83
Negative
3.75
Negative
3.57
Negative
Market Momentum
-0.37
Negative
54.41
Neutral
78.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SKYQ, the sentiment is Neutral. The current price of 0.5 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 3.83, and below the 200-day MA of 3.57, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 78.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SKYQ.
Sky Quarry, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
SKYQ
Sky Quarry, Inc.
2.64
-3.14
-54.29%
SLNG
Stabilis Solutions
3.97
-0.65
-14.07%
Sky Quarry, Inc. Corporate Events
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...
Private Placements and FinancingRegulatory Filings and Compliance
Sky Quarry Expands At-The-Market Equity Offering Program
Neutral
Apr 22, 2026
On January 12, 2026, Sky Quarry Inc. entered into an at-the-market equity program to sell common stock under a shelf registration statement, initially engaging Cantor Fitzgerald Co. as sales agent for up to $4.7 million of shares. On April 22, 20...
Business Operations and StrategyM&A Transactions
Sky Quarry Evaluates Potential Digital Infrastructure Asset Acquisition
Neutral
Apr 22, 2026
In March 2026, Sky Quarry Inc. entered into an exclusivity agreement with a counterparty as it evaluates a potential acquisition of digital infrastructure assets, signaling a possible strategic expansion into this segment. As part of its due dilig...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Sky Quarry Regains Nasdaq Listing Compliance After Reverse Split
Positive
Mar 30, 2026
Sky Quarry Inc. faced a potential delisting from the Nasdaq Capital Market after receiving a notice on March 24, 2026, that its common stock would be suspended from trading on March 31, 2026, due to continued non-compliance with Nasdaq’s $1....
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.