Sky Harbour Group (NYSE:SKYH) Issues Quarterly Earnings Results

Key Points

• Sky Harbour Group reported quarterly earnings of ($0.16) per share, missing the consensus estimate of ($0.13), while revenue came in at $8.73 million versus expectations of $9.78 million.
• Despite the miss, management said Q1 revenue rose 56% year over year and the company ended the quarter with $352 million in assets under construction and completed construction.
• The company says it has a $368 million liquidity buffer and is fully funded to double in size without additional capital, while also introducing 2026 guidance for $42 million to $46 million in annualized revenue run rate and $4 million to $6 million in adjusted EBITDA.

Sky Harbour Group (NYSE:SKYH - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03), FiscalAI reports. The company had revenue of $8.73 million during the quarter, compared to the consensus estimate of $9.78 million. Sky Harbour Group had a return on equity of 8.03% and a net margin of 68.33%.

Here are the key takeaways from Sky Harbour Group's conference call:

• Sky Harbour said Q1 revenue rose 56% year over year and the company ended the quarter with $352 million in assets under construction and completed construction, up $75 million from a year ago.
• Management highlighted that the company now has a $368 million liquidity buffer, including $187 million in cash and U.S. Treasuries, and says it is fully funded to double in size without additional capital.
• The company introduced 2026 guidance for an annualized revenue run rate of $42 million to $46 million and adjusted EBITDA of $4 million to $6 million, driven by Opa-locka Phase 2 and higher occupancy at Denver and Phoenix.
• Management said the leasing model is showing strong pricing power, with 23% average re-lease increases over the last 12 months and economic occupancy at or above 100% on nearly all campuses.
• The company is leaning heavily into same-field expansions and tier 1 airports, with Stewart, Bradley, Addison Phase 2 and other projects under construction or in pre-construction, while warning that the biggest financial impact will likely show up in 2027 and 2028.

Sky Harbour Group Stock Performance

SKYH opened at $9.42 on Friday. The stock has a market capitalization of $717.43 million, a P/E ratio of 942.00 and a beta of 1.39. The company's 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $9.47. Sky Harbour Group has a 52-week low of $8.22 and a 52-week high of $12.67.

Analyst Ratings Changes

A number of research firms recently issued reports on SKYH. BTIG Research reissued a "buy" rating and issued a $13.00 price target on shares of Sky Harbour Group in a research note on Tuesday, March 24th. Weiss Ratings started coverage on Sky Harbour Group in a research report on Monday, March 23rd. They set a "sell (d+)" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sky Harbour Group currently has an average rating of "Moderate Buy" and an average price target of $13.50.

Insider Activity at Sky Harbour Group

In other news, major shareholder Omaha Corp Boston sold 331,500 shares of Sky Harbour Group stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $9.05, for a total value of $3,000,075.00. Following the completion of the sale, the insider directly owned 8,666,163 shares in the company, valued at $78,428,775.15. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 40.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sky Harbour Group

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company's stock valued at $49,000 after buying an additional 2,971 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Sky Harbour Group in the 3rd quarter worth $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sky Harbour Group by 68.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company's stock worth $114,000 after acquiring an additional 4,721 shares during the period. Deutsche Bank AG grew its holdings in shares of Sky Harbour Group by 9.9% in the fourth quarter. Deutsche Bank AG now owns 15,007 shares of the company's stock worth $135,000 after acquiring an additional 1,357 shares during the period. Finally, Alliancebernstein L.P. increased its position in Sky Harbour Group by 28.6% during the third quarter. Alliancebernstein L.P. now owns 17,080 shares of the company's stock valued at $169,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 14.75% of the company's stock.

Sky Harbour Group Company Profile

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.