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Azure Holding Group Corp ($AZRH) 1st Quarter 2025 Results
Strong operational performance for the first quarter driven by successfully completed mergers and acquisition of Freedom Well Testing, Coil Tubing Technologies, and CST Drilling Fluids, leading to sales of $1.49 Million and income from operations / EBITDA of $0.17 Million
On an unaudited basis, and private basis non-conforming to ASC 810 rules consolidation ignoring acquisition dates, the company recorded consolidated sales of $16.26 Million and income from operations / EBITDA of $1.19 Million
Strong balance sheet growth, driven by over $1.72 Million in customer accounts receivables, $14.32 Million in acquired coil tubing tools, and $1.99 Million in acquired flowback equipment
Announced execution of Letter of Intent to acquire 100% of Button Energy, which prospectively will $56.0M in sales for 2024 and income from operations / EBITDA of $3.32 Million
Announced plans to reorganize CST Drilling Fluids in 2 nd Quarter 2025, relieving the company of $4.726 Million in debt and liabilities, while maintaining the customer Master Service Agreements through a reassignment to new entity, further enabling the company's ability to maintain and grow sales volumes back up to Q1-Q2 2024 levels, and enabling new sales channels for Freedom Well Testing and Coil Tubing Technologies
MIDLAND, TX / ACCESS Newswire / February 5, 2025 / Azure Holding Group Corp (OTC PINK:AZRH) today announced their 1 st Quarter earnings report for the 3 months ending November 30, 2024 is now viewable under the disclosures section of the company's profile.
Our First Quarter was focused on growth by acquisition. Now that we have a clear plan for sustainable and continued growth of all of our acquired businesses, we can begin to work towards our business development initiatives. Working together, off of a strong 12 months in 2024 despite greater macro political forces that drove a lot uncertainty into the American markets, we are proud to announce a $30.0 Million revenue projection as guidance for the 12 months ending December 31, 2025 in the year ahead, not factoring the acquisition of Button Energy which we anticipate will add another $75.0 Million in revenue to our company on a consolidated basis for 2025.
January was not only a great month, but a reminder that our country and our industry is heading in the right direction. Confidence in our customer base with the Super Major Oil & Gas companies has never been stronger, and we are proud to serve American in leading the Fight against rising energy prices for the greater good of the American People, nationwide. Josh Watson and Josh Cohen
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services and Construction, Oil & Gas Exploration & Production, and Oil & Gas Distribution. Azure Holding Group Corp. has completed Reverse Mergers with the following companies: American Industries, Freedom Well Testing, and CST Drilling Fluids. The Company has completed a Joint Venture with Coil Tubing Technologies. The Company is currently evaluating mergers with Button Energy, Bullzeye Wireline, Oil Field Services AI, and several other companies. The Company is currently evaluating a joint venture Drilling Program with Mountain V Oil & Gas. SOURCE: Azure Holding Group Corp.
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Azure Holding Group Corp ($AZRH) 1st Quarter 2025 Results
Strong operational performance for the first quarter driven by successfully completed mergers and acquisition of Freedom Well Testing, Coil Tubing Technologies, and CST Drilling Fluids, leading to sales of $1.49 Million and income from operations / EBITDA of $0.17 Million
On an unaudited basis, and private basis non-conforming to ASC 810 rules consolidation ignoring acquisition dates, the company recorded consolidated sales of $16.26 Million and income from operations / EBITDA of $1.19 Million
Strong balance sheet growth, driven by over $1.72 Million in customer accounts receivables, $14.32 Million in acquired coil tubing tools, and $1.99 Million in acquired flowback equipment
Announced execution of Letter of Intent to acquire 100% of Button Energy, which prospectively will $56.0M in sales for 2024 and income from operations / EBITDA of $3.32 Million
Announced plans to reorganize CST Drilling Fluids in 2 nd Quarter 2025, relieving the company of $4.726 Million in debt and liabilities, while maintaining the customer Master Service Agreements through a reassignment to new entity, further enabling the company's ability to maintain and grow sales volumes back up to Q1-Q2 2024 levels, and enabling new sales channels for Freedom Well Testing and Coil Tubing Technologies
MIDLAND, TX / ACCESS Newswire / February 5, 2025 / Azure Holding Group Corp (OTC PINK:AZRH) today announced their 1 st Quarter earnings report for the 3 months ending November 30, 2024 is now viewable under the disclosures section of the company's profile.
Our First Quarter was focused on growth by acquisition. Now that we have a clear plan for sustainable and continued growth of all of our acquired businesses, we can begin to work towards our business development initiatives. Working together, off of a strong 12 months in 2024 despite greater macro political forces that drove a lot uncertainty into the American markets, we are proud to announce a $30.0 Million revenue projection as guidance for the 12 months ending December 31, 2025 in the year ahead, not factoring the acquisition of Button Energy which we anticipate will add another $75.0 Million in revenue to our company on a consolidated basis for 2025.
January was not only a great month, but a reminder that our country and our industry is heading in the right direction. Confidence in our customer base with the Super Major Oil & Gas companies has never been stronger, and we are proud to serve American in leading the Fight against rising energy prices for the greater good of the American People, nationwide. Josh Watson and Josh Cohen
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services and Construction, Oil & Gas Exploration & Production, and Oil & Gas Distribution. Azure Holding Group Corp. has completed Reverse Mergers with the following companies: American Industries, Freedom Well Testing, and CST Drilling Fluids. The Company has completed a Joint Venture with Coil Tubing Technologies. The Company is currently evaluating mergers with Button Energy, Bullzeye Wireline, Oil Field Services AI, and several other companies. The Company is currently evaluating a joint venture Drilling Program with Mountain V Oil & Gas. SOURCE: Azure Holding Group Corp.
View the original press release on ACCESS Newswire
https://app.accessnewswire.com/img.ashx?id=980342
© Copyright 2025 ACCESS Newswire. All Rights Reserved.
