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 previous quarter. This growth reflects the company's successful expansion in the U.S. and Canadian markets, with increased sales of clean ultra-high purity (UHP) hydrogen from its Sorel-Tracy plant, as well as UHP helium and oxygen sourced through partners.
The company attributes the strong performance to accelerating demand throughout Q2 2026, which is expected to result in higher recurring revenues and new customer acquisitions. Charbone continues to expand its full-stack platform, including distribution equipment, to support this growing demand and anticipated future sales growth. The preliminary figures indicate a 100% increase in gas income for the first half of 2026, reaching $0.6 million compared to nil in the same period last year, highlighting a significant turnaround in revenue generation.
Benoit Veilleux, CFO and Corporate Secretary, expressed pride in the team's momentum, emphasizing the company's focus on long-term value creation and expanding its operational footprint in North America. The company plans to release full financial results for Q2 2026 on August 28, 2026, followed by a webinar on August 31st where management will discuss results and future milestones.
In related news, Charbone announced the engagement of IMPAQ Capital Inc. for investor relations services, with stock options granted under a new agreement. These developments come as Charbone positions itself as a key player in the industrial gases sector, serving industries such as semiconductors, AI, data centers, and aerospace, where UHP gases are critical.
The company's modular, decentralized approach to clean hydrogen production and its integrated storage and distribution platform are designed to provide stable, diversified revenue streams. As the global transition to a lower-carbon economy accelerates, Charbone's focus on accessible, localized clean energy solutions addresses supply gaps for underserved industrial customers. With operations expanding and demand rising, Charbone is poised for sustained growth in the coming quarters.
