CHARBONE CORPORATION, a vertically integrated industrial gases company specializing in ultra-high purity hydrogen and other strategic gases, reported preliminary gas income of $0.55 million for the third quarter ending September 30, 2026, a 21% increase from $0.46 million in the prior quarter. The announcement, distributed via NEWMEDIAWIRE, highlights the company's rapid operational expansion and growing demand for clean UHP gases across North America.
The revenue growth is attributed to increased sales across multiple industrial gases in both U.S. and Canadian markets, including clean UHP hydrogen from Charbone'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, underscoring the company's transition from development to commercial-scale operations.
Corporate growth metrics reveal significant scaling: active customers rose to 28 from 3 at the start of 2026, trailers increased to 11 from 2, and multi-year supply agreements doubled to 4. Regional supply hubs now span Quebec, Ontario, Nova Scotia, and New York State, up from two, while monthly customer deliveries jumped to approximately 12 from 2. Employees grew to 15 from 9, reflecting the company's investment in operational capacity.
Operational highlights include round-the-clock UHP hydrogen production at Sorel-Tracy Phase 1A, with on-site quality control chromatographs and a dedicated lab technician ensuring moisture levels consistently below 2 ppm. Phase 1B is on track for a Fall 2026 launch, with electrolyzer installation underway. Additionally, cylinder filling has been brought in-house at Sorel-Tracy to improve margins and quality control, and a dedicated building for the hydrogen and helium cylinder filling unit is under construction.
"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 company's expanding infrastructure and customer base are expected to drive recurring revenues and support future sales growth. Charbone's modular, decentralized approach targets mid-tier industrial gas customers in sectors such as semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense, where UHP gases are critical for high-precision manufacturing.
Charbone plans to release full financial and operational results for Q3 2026 on November 26, 2026, after market close, and will host a webinar on December 1, 2026, at 11:00 AM ET. Investors and interested parties can register for the webinar at https://info.rbmilestone.com/charbone-q3-2026. For more information, visit www.charbone.com.
The preliminary figures are unaudited and subject to change upon filing of interim financial statements. The original release is available on www.newmediawire.com.
