Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced that its preliminary gas income for the second quarter of 2026 is expected to surge 155% to $0.5 million, up from $0.2 million in the first quarter. The company attributes this growth to increased sales across its hydrogen production facilities and regional supply hubs, serving customers in the U.S. and Canada.
The company anticipates reporting full financial results for Q2 2026 on August 28, 2026, and will host a webinar on August 31 to discuss the outcomes. In the meantime, preliminary figures indicate that gas income for the first half of 2026 is expected to reach $0.6 million, a 100% increase compared to the same period in 2025, when gas income was negligible.
According to Benoit Veilleux, CFO and Corporate Secretary, the momentum underscores the company's focus on long-term value creation and its commitment to delivering high-purity, sustainable gas solutions. The demand for clean ultra-high purity (UHP) hydrogen, sourced from Charbone's Sorel-Tracy plant, along with UHP helium and oxygen from partners, has accelerated during Q2, leading to new customers and recurring revenues.
Charbone continues to expand its full-stack platform, including distribution equipment, to support growing demand and anticipated future sales growth. Operating expenses are expected to remain relatively stable quarter-over-quarter, reflecting ongoing performance improvements.
The company also disclosed updates on its investor relations engagement with IMPAQ Capital Inc. Stock options granted to IMPAQ were canceled and regranted under identical terms to align with the agreement's effective date. IMPAQ has no direct or indirect interest in Charbone's securities beyond these options.
Charbone is positioning itself as a key player in the industrial gases market, serving sectors such as semiconductors, artificial intelligence data centers, pharmaceuticals, and aerospace. Its modular, decentralized approach to hydrogen production and integrated storage and distribution network aims to provide reliable supply to mid-tier customers, addressing gaps in the market while supporting the transition to a lower-carbon economy.
Interested parties can register for the upcoming webinar at this link.
