Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced preliminary unaudited gas income of approximately $0.55 million for the three months ending September 30, 2026, representing a 21% increase from $0.46 million recorded in Q2 2026. The Varennes, Quebec-based company also reported that gas income for the nine-month period ending September 30, 2026, is expected to total $1.2 million, compared to nil for the same period in 2025. Full Q3 financial results are anticipated on November 26, 2026, after markets close, with a management webinar scheduled for December 1, 2026.

Key Points

  • Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47)
  • Preliminary Q3 2026 gas income expected to rise 21% to $0.55 million from $0.46 million in Q2 2026
  • Active customers grew to 28 from 3 since Q1 2026; regional supply hubs expanded to 4 from 2
  • Investors may watch for full Q3 results on November 26, 2026, and the December 1 webinar for further operational detail

Charbone's Q3 Revenue Growth Driven by Multi-Gas Sales Across North America

Charbone attributed the quarter-over-quarter gas income growth to broader sales across multiple industrial gas categories in both the United States and Canadian markets. These include clean ultra-high purity hydrogen produced at the Sorel-Tracy Phase 1A plant, as well as ultra-high purity helium and oxygen sourced through partners. The company stated demand remained strong throughout Q3 2026 and is expected to result in increased recurring revenues and new customers. Operating expenses in Q3 are anticipated to remain comparable to Q2 levels, as cylinder filling was brought in-house at Sorel-Tracy to support margin improvement.

Corporate Growth Metrics Reflect Rapid Operational Scaling Since Q1 2026

Charbone's corporate growth metrics as of September 30, 2026, reflect significant operational expansion compared to Q1 2026. Active customers rose to 28 from 3, trailers increased to 11 from 2, and customer deliveries reached approximately 12 per month, up from approximately 2. Multi-year supply agreements grew to 4 from 2, and the company's employee count rose to 15 from 9. Regional supply hubs now cover Quebec, Ontario, Nova Scotia, and New York State, expanding from 2 hubs at the start of the year, the release states.

Sorel-Tracy Phase 1B and Wolf River Site Advancing Toward Targeted Milestones

On the operational front, Charbone's Sorel-Tracy Phase 1A facility is running UHP hydrogen production at 24/7 capacity with on-site quality control operational and moisture consistently maintained below 2 parts per million. Phase 1B electrolyzer installation is underway with civil work complete, and the company stated Phase 1B remains on track for a Fall 2026 launch. At the Wolf River, Wisconsin site, a generator is being repaired in Lévis, Quebec, with reinstallation targeted for December 2026. A reservoir refill plan has been submitted to the U.S. Federal Energy Regulatory Commission.