NASDAQEnergyOil & Gas IntegratedSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
Matching fiscal periods, usable estimates and at least one analyst are required.
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
The calculation requires same-period, same-provider snapshots, positive EPS, at least one analyst and a baseline within three days of the requested lookback.
The EPS and P/E reference is not available for SKYQ yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Address legal and regulatory challenges including Nasdaq delisting | A primary condition in SKY QUARRY INC's published investment case. The stated target is No new Nasdaq delisting notices or major legal rulings. | Intact | New Nasdaq delisting notice or adverse legal ruling occurs | No new delisting notices or adverse rulings reported Settlement agreement with LendSpark filed; no delisting notices or adverse legal rulings found in recent news. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
Comparable estimate history is unavailable.
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Compare required revenue and earningsMonthly analyst history is unavailable.
Recent actions · Oct 6–Nov 4 · 0 recorded
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 13, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earningsObserved price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a speculative, loss-making Energy business rather than a proven durable compounder. The multi-year thesis is in a watch state, with low confidence because performance is weak, management execution is volatile, and risk is elevated.
The snapshot provides no valuation or expectations data, so it is not possible to assess whether SKYQ is cheap, fair, or expensive versus peers, or what the market already assumes. Recent price reaction is described as up, but that alone does not show what expectations are reflected.
Near term, the Energy sector backdrop is a tailwind, while recent financial performance remains weak and below its industry cohort. Management has newly announced a refinery restart, but delivery is unproven; equity financing, unresolved Nasdaq delisting status, and a recent CFO transition add uncertainty.
The multi-year thesis depends in part on restarting and ramping Eagle Springs Refinery, and on whether ongoing financing and regulatory challenges are managed without further disruption. Near term, continued strength or weakness among major Energy companies could reinforce or fade the sector tailwind; further weakening in jobs data could also weigh on cyclical businesses.
Over the next 1 to 3 years, SKYQ's setup combines a supportive sector backdrop with weak fundamentals, elevated risk, and unproven execution. Evidence is limited, so the long-term thesis remains uncertain. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in a supplied disclosure. Management reported: “It is hereby ORDERED AND ADJUDGED that the Settlement Agreement and Stipulation is hereby approved as fair to the Party to whom the Shares will be issued, within the meaning of Section 3(a)(10) of the Securities Act and that the sale of the Shares to Plaintiff and the resale of the Shares in the United States by Plaintiff, assuming satisfaction of all other applicable securities laws and regulations, will be exempt from registration under the Securities Act of 1933.”
Reduce net losses | Net losses also got smaller from negative $3.3M to negative $2.3M. | Broken | Net loss worsens beyond negative $3.3M in any quarter | Net income: $-4.055M FY2026-Q2; GAAP. Published target: Net loss better than negative $2.3M in 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 13, 2026-4,055,376 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in a supplied disclosure. Management reported: “In preparation for the restart, Sky Quarry completed approximately $300,000 in repairs and upgrades identified through a TAR360 assessment commissioned in 2025.” Delivery assessment Nov 4, 2026 |
Improve operating income and reduce net losses | This should help improve income and cut losses. | Broken | Operating income falls below negative $2.7M in any quarter | Operating income: $-2.574M FY2026-Q2; GAAP. Published target: Operating income better than negative $1.6M in 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 13, 2026-2,574,206 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in a supplied disclosure. Management reported: “In preparation for the restart, Sky Quarry completed approximately $300,000 in repairs and upgrades identified through a TAR360 assessment commissioned in 2025.” Delivery assessment Nov 4, 2026 |
Start operations at new Nevada refinery | Sky Quarry is starting a new refinery in Nevada in July. | Intact | Nevada refinery fails to start operations by July 2026 | Operational (Target: July 2026) News confirms Eagle Springs refinery restart and production start in late 2026. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
2 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.