# Okmin Resources Reports FY 2026 Results as Revenue Falls and Net Loss Narrows

- URL: https://stocks.freetheai.org/news/okmin-resources-reports-fy-2026-results-as-revenue-falls-and-net-loss-narrows-8d7f8a
- Published: 2026-10-13T20:05:01Z
- Category: earnings; sentiment: bearish; impact: low
- Symbols: [OTC:OKMN](https://stocks.freetheai.org/symbols/OTC-OKMN)
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Okmin Resources, Inc. (OTC: OKMN) reported annual revenue of $8,859 for fiscal year 2026, down from $22,180 in fiscal year 2025. Shares fell 34.52% to $0.033 following the report. Despite lower top-line results, the consolidated net loss narrowed 38.5% to $367,299, compared with a net loss of $597,167 in the prior year. Diluted loss per share was $0.00 versus $0.01 a year earlier.

The revenue drop reflected lower natural gas prices and the disposition of the Black Rock project. Field activity and lease operating costs decreased, leading to lower year-over-year impairment charges. The company's main producing asset, the Pushmataha property, generated minor gas output at a loss, while the Vitt lease remains non-producing and at risk without additional development. Okmin Resources also terminated a proposed merger with BevPoint after cash conditions were not met.

Looking ahead, management anticipates needing roughly $230,000 in cash for fiscal year 2027 to sustain operations. The company may pursue debt or private equity financing to fund property workovers and has hired a new corporate advisor to assist with strategic transactions and capital raising.

## Key points

- Okmin Resources reported fiscal 2026 revenue of $8,859, down from $22,180 in fiscal 2025.
- Net loss narrowed by 38.5% to $367,299 from $597,167 in the previous year.
- Revenue was impacted by lower natural gas prices and the sale of the Black Rock project.
- A proposed merger with BevPoint was terminated after cash conditions were not met.
- Management expects needing approximately $230,000 in cash for fiscal 2027 operations.

## Questions and answers

### What were Okmin Resources fiscal 2026 financial results?

Okmin Resources reported $8,859 in revenue for fiscal year 2026 and a net loss of $367,299, or $0.00 per diluted share. Revenue fell from $22,180 in fiscal 2025, while the net loss narrowed from $597,167.

### Why did Okmin Resources revenue decrease in fiscal 2026?

The drop in revenue was caused by lower natural gas prices and the disposition of the Black Rock project.

### What are Okmin Resources cash requirements for fiscal 2027?

Management estimates that the company will need about $230,000 in cash to sustain operations during fiscal 2027 and may seek private equity or debt financing.