Keel Infrastructure is trading 9.4% down at $17.79 after reporting weak second-quarter results before the August 10, 2026 market open.
- Revenue fell 50% year over year to $30.4 million; adjusted EBITDA was negative $23.7 million versus positive $6.6 million.
- Net loss was $65.0 million; liquidity remained approximately $819 million, but deteriorating results and continued losses outweighed that balance.
- Broader markets were mixed, making macro sentiment an unlikely primary explanation.