Keel Infrastructure Corp's stock plunged 5.04% in pre-market trading following the release of its first quarter 2026 financial results, which showed significant deterioration in the company's performance.

The company reported a widening operating loss of $98 million compared to $35 million in the same period last year, while revenue fell 23% year-over-year to $37 million. The quarterly loss from continuing operations was $0.21 per share, representing a 200% increase in losses compared to the same period last year.

Both earnings and revenue results missed analyst estimates significantly. The $0.21 per share loss was 162.5% worse than the $(0.09) estimate, while the $37 million in revenue fell short of the $37.834 million consensus estimate by 2.21%.