OKMN
Okmin Resources, Inc.0.0420
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.27MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Okmin Resources posted Q2 revenue of $2,814, down 47% y/y from $5,312 amid lower natural gas prices and curtailed operations, while six-month sales fell to $4,902 from $11,303. Gross losses narrowed slightly yet stayed deep at $(5,241), with operating loss shrinking to $(124,581) from $(199,818) thanks to lower G&A after prior stock comp. Net loss eased to $(129,161), matching operating after minor interest; EPS holds at $(0.00) across 125M basic shares, consistent with diluted 175M including convertibles. Cash dwindled to $705 amid $(50,783) operating burn, offset by $40,000 financing; disposed Black Rock JV in August 2025 for $25,000 cash plus 95% Pushmataha stake. Signed merger with BevPoint January 2026 for 220M shares, eyeing craft beverages. Cash burn threatens runway.
8-K
Merger for brewery ops
Okmin Resources signed a merger with BevPoint Capital LP on January 29, 2026, issuing 220M shares—55.6% post-close—for its American Icon Brewery brewpub operations, targeting further craft beer acquisitions. Chris Sellers steps in as CEO; closing targeted by March 31 hinges on $730K cash condition and stockholder nod. Earnouts unlock 300M more shares at $10M/$20M revenue, $1M/$2M EBITDA. Deal remains at risk if conditions fail.
10-Q
Q1 FY2026 results
Okmin Resources posted Q1 FY2026 revenue of $2,088 from oil and gas sales, down sharply from $5,991 y/y amid lower prices and curtailed output, yielding a gross loss of $4,880 versus $3,726 last year while costs eased to $6,968. Operating loss widened to $85,175 from $64,464, driven by higher G&A at $79,588, but net loss narrowed slightly to $73,430 thanks to $16,761 gain on payable forgiveness offsetting interest; diluted EPS held at $(0.00) across 174M shares due to anti-dilution. Cash climbed to $13,623, bolstered by $30,000 private placement, yet ops burned $27,865 with no capex for FCF. Fully cleared $195K convertible note via shares. Post-quarter, swapped Black Rock JV for $25K cash plus 45% more in Pushmataha gas field. Going concern doubts linger over funding needs.
10-K
FY2025 results
Okmin Resources posted FY2025 revenue of $22,180 from oil and gas sales, down from $42,543 in FY2024 amid lower prices and curtailed operations, with Blackrock JV contributing $20,294 from 328 barrels at $61.83 average while Pushmataha added $1,532 from 811 MCF at $1.89. Lease operating expenses dropped to $42,713, yet net loss narrowed to $597,167 after a $167,003 impairment on properties; G&A held at $389K with heavy stock-based comp. No quarterly breakdowns disclosed. Cash stood at $11K against $754K liabilities including $195K convertible debt later settled in shares. FY2026 needs $270K minimum, eyeing equity/debt raises. Volatility in oil/gas prices threatens momentum.
8-K
Debt converted to shares
Okmin Resources settled its $131,135 principal and $63,956 interest convertible debt on September 19, 2025, by issuing 6,503,024 common shares at $0.03 each. It also sold 1M shares in September private placement for $30,000 toward working capital. Debt cleared cleanly. Both to accredited investors under Reg D.
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