CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) announced preliminary gas income for the three-month period ending September 30, 2026, is expected to increase 21% to $0.55 million from $0.46 million in the prior quarter ending June 30, 2026. The vertically integrated industrial gases company, focused on production, distribution and storage of clean ultra-high purity (UHP) hydrogen and other strategic industrial gases, reported the figures in a release carried by NEWMEDIAWIRE.
The sequential growth reflects sales gains across multiple industrial gases in both U.S. and Canadian markets, including clean UHP hydrogen produced at the company's Sorel-Tracy Phase 1A plant, as well as UHP helium and UHP oxygen sourced through partners. For the nine-month period ending September 30, 2026, gas income is expected to total $1.2 million, compared to nil for the same period in 2025. Operating expenses in Q3 2026 are expected to remain comparable to Q2 2026, as the company continues to internalize key steps, including cylinder filling at Sorel-Tracy, which are expected to support margin improvement.
Corporate growth metrics underscore the scale of Charbone's expansion. As of September 30, 2026, active customers reached 28, up from 3 at the start of 2026. Trailers across all gases increased to 11 from 2, multi-year supply agreements rose to 4 from 2, and customer deliveries climbed to approximately 12 per month from approximately 2. Regional supply hubs expanded to 4 (Quebec, Ontario, Nova Scotia and New York State) from 2, while employees grew to 15 from 9. Demand remained strong throughout the quarter and is expected to result in increased recurring revenues and new customers.
Operationally, the Sorel-Tracy Phase 1A plant is running UHP hydrogen production 24/7 with on-site quality control chromatographs and a dedicated lab technician; moisture is consistently maintained below 2 ppm. Phase 1B remains on track for a Fall 2026 launch, with electrolyzer installation underway, civil work complete, and equipment connections advancing. At Wolf River, Wisconsin, the generator is being repaired in Lévis, Quebec, with reinstallation targeted for December 2026, and a reservoir refill plan has been submitted to the U.S. Federal Energy Regulatory Commission and stakeholders. Cylinder filling has been brought in-house at Sorel-Tracy, supporting margin improvement and enhanced control over product quality and delivery timelines.
Charbone will release full financial and operational results for the third quarter on Thursday, November 26, 2026, after markets close at the latest, and will host a webinar on Tuesday, December 1, 2026, at 11:00 AM ET. Investors and interested parties can register at https://info.rbmilestone.com/charbone-q3-2026.
"We have delivered the strongest quarter to date with an incredible team, which underscores our unwavering focus on long-term value creation and growth," said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE.
The preliminary figures are unaudited and actual revenues may differ; final revenues will be supplemented by the filing of interim financial statements and MD&A on SEDAR+. For more information, visit www.charbone.com. The original release is available on www.newmediawire.com.
