$HNRC Houston Natural Resources Corp Reports 2Q Fi
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Posted On: 08/01/2022 2:26:51 PM
$HNRC Houston Natural Resources Corp Reports 2Q Financials June 30, 2022
https://www.prnewswire.com/news-releases/hous...96893.html
Total Revenue 2022 YTD increase 41% Y/Y & Earning 2022 YTD increased 38% Y/Y
Total Assets Exceeding $74M Second Quarter June 30, 2022
HOUSTON, Aug. 1, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company"
announced today record results for the second quarter 2022, quarter ending June 30, 2022. The company's second quarter revenues of $5,125,473 and $8,687,641 for the first six months of 2022 a 41% increase compared to $7,614,534 through June 30, 2021.
The company's net earnings have increased 38% to $5,526,987 for the six-month period ending June 30, 2022, compared to $4,006,260 for the same period ending June 30, 2021. This equates to $0.18 per share in earnings per share (EPS) for the first six months of 2022.
The company's net assets have increased to $74,111,221 and the company's net asset value is $2.43 per share for the period ending June 30, 2022.
In the first quarter the company sponsored HNR Acquisition Corp a special purpose acquisition corporation that raised $86 million for a business combination. The company is currently working on sponsoring a second special purpose acquisition. The company plans to make an up listing to the OTCQB in the fourth quarter.
The second Quarter the company announced a $53M non energy asset spin-off into Worldwide Diversified Holdings, Inc. (WDHI) in 2022 and HNRC's shareholders would receive a dividend of $1.75 of WDHI shares for each HNRC share owned as announced on June 30, 2022. The spin-off changes the focus of the company towards its energy reserves, primarily 83 oil wells, estimated 33 million barrels in Texas among other interests.
https://www.prnewswire.com/news-releases/hous...96893.html
Total Revenue 2022 YTD increase 41% Y/Y & Earning 2022 YTD increased 38% Y/Y
Total Assets Exceeding $74M Second Quarter June 30, 2022
HOUSTON, Aug. 1, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company"
announced today record results for the second quarter 2022, quarter ending June 30, 2022. The company's second quarter revenues of $5,125,473 and $8,687,641 for the first six months of 2022 a 41% increase compared to $7,614,534 through June 30, 2021. The company's net earnings have increased 38% to $5,526,987 for the six-month period ending June 30, 2022, compared to $4,006,260 for the same period ending June 30, 2021. This equates to $0.18 per share in earnings per share (EPS) for the first six months of 2022.
The company's net assets have increased to $74,111,221 and the company's net asset value is $2.43 per share for the period ending June 30, 2022.
In the first quarter the company sponsored HNR Acquisition Corp a special purpose acquisition corporation that raised $86 million for a business combination. The company is currently working on sponsoring a second special purpose acquisition. The company plans to make an up listing to the OTCQB in the fourth quarter.
The second Quarter the company announced a $53M non energy asset spin-off into Worldwide Diversified Holdings, Inc. (WDHI) in 2022 and HNRC's shareholders would receive a dividend of $1.75 of WDHI shares for each HNRC share owned as announced on June 30, 2022. The spin-off changes the focus of the company towards its energy reserves, primarily 83 oil wells, estimated 33 million barrels in Texas among other interests.
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