Welcome to our dedicated page for Azure Holding Gr news (Ticker: AZRH), a resource for investors and traders seeking the latest updates and insights on Azure Holding Gr stock.
Azure Holding Gr (AZRH) maintains an acquisition-driven strategy in the oilfield services sector, specializing in mergers and joint ventures that enhance its portfolio of downhole tools and production technologies. This page serves as the definitive source for tracking the company's operational developments and strategic partnerships.
Investors and industry professionals will find comprehensive coverage of AZRH's business activities, including acquisition announcements, joint venture formations, and innovations in coiled tubing operations. The curated news collection provides insights into how the company integrates specialized subsidiaries to address complex oilfield challenges.
Key updates include earnings reports, technology partnership announcements, and operational expansions within the oil & gas services market. All content is verified through primary sources to ensure accuracy in tracking AZRH's position as a consolidator of niche oilfield technologies.
Bookmark this page for streamlined access to Azure Holding Gr's evolving corporate strategy and its impact on oilfield service markets. Regular updates ensure stakeholders maintain current awareness of the company's integration of production services, well testing capabilities, and downhole tool innovations.
Azure Holding Group Corp (AZRH) has formed a joint venture called Appalachian Mountain Energy with Mountain V Oil & Gas to drill new wells and rework existing wells across 300,000 surface and mineral acres in the Appalachian and Permian Basins. The partnership comes as natural gas prices show strength above $4.00 per MCFE and oil remains steady above $68.00 per barrel.
Mountain V Oil & Gas, a 30-year-old private Super Independent Operator, currently operates over 3,600 wells in active production. Under the joint venture, Mountain V will serve as the operator while American Industries (AZRH) will provide capital through a registered offering.
The first phase of the drilling program will target shallow vertical wells at depths of 4,000 to 4,500 feet in the Big Lime. The venture aims to exploit oil and wet gas resources, including propane and butane, with plans to establish their own Rack in Pennsylvania by 2027.
Azure Holding Group Corp (AZRH) reported strong Q2 2025 results with sales of $1.42 Million and EBITDA of $0.03 Million for December 2024 through February 2025. The company significantly improved its balance sheet by reducing liabilities by $4.3M, mainly through discontinuing CST Drilling Fluids.
Key developments include: a Letter of Intent to acquire Button Energy, projected to add $56M in sales and $3.32M EBITDA; negotiations with major oil & gas operators in Permian Basin and Eagle Ford Shale; and announcement of a share repurchase program of up to 5M common shares, potentially retiring 35.9% of free-trading market cap.
The company projects $30M revenue for 2025, with potential additional $75M from Button Energy acquisition. Management expects minimum $20M organic revenue for 2025. AZRH plans to uplist to OTCQX by September/October 2025, with audit engagement scheduled for April/May 2025.
AZURE Holding Group (OTC PINK:AZRH) has announced a treasury share repurchase (TSR) program to buy back up to 5 million shares of common stock over the next 12 months, starting March 3, 2025. The program could potentially retire up to 35.9% of the company's free trading market cap held at DTC.
The buyback initiative comes as the company expects significant scaling of free cash flows in 2025. The total number of repurchased shares will be based on the volume-weighted average price on specified dates during the TSR agreement term. The transactions are scheduled for completion during Q2-Q4 2025, aligning with AZURE's goals to uplist to OTCQX and NASDAQ.
Azure Holding Group Corp (AZRH) reported Q1 2025 results with sales of $1.49 Million and EBITDA of $0.17 Million. On an unaudited, non-ASC 810 conforming basis, consolidated sales reached $16.26 Million with EBITDA of $1.19 Million.
The company's balance sheet showed significant growth with $1.72 Million in accounts receivables, $14.32 Million in coil tubing tools, and $1.99 Million in flowback equipment. AZRH announced plans to acquire Button Energy, projected to add $56.0M in 2024 sales and $3.32M in EBITDA.
Management provided 2025 revenue guidance of $30.0 Million, with an additional $75.0 Million expected from the Button Energy acquisition. The company also plans to reorganize CST Drilling Fluids in Q2 2025, eliminating $4.726 Million in debt while maintaining customer agreements.
Azure Holding Group Corp. (OTC PINK:AZRH) has completed a strategic merger with Freedom Well Testing (FWT), acquiring 100% of FWT's business in an all-stock exchange. FWT, a 5-year-old oilfield services company, reported $24.1M in revenue for 2023 and expects over $10M for 2024. The company projects revenue growth to $18M by 2025. FWT specializes in Flowback and Production services in the Permian Basin, Delaware Basin, and Eagleford Shale. The company maintains a zero TRIR safety record and offers services including Toe Prep, Frac Assist, Drill Out, Well Testing, Sand Management, Production, and Lease Operator services.
Azure Holdings (OTC PINK:AZRH) has entered into a Joint Venture Agreement with Coil Tubing Technology Inc. (CTT). The deal involves CTT contributing $14.0M in Coil Tubing Technology Tools to an AZRH wholly owned subsidiary, along with exclusive distribution rights. The JV will operate on a 50/50 profit-sharing basis. CTT specializes in proprietary tools for the coiled tubing industry, focusing on thru-tubing fishing, workover and intervention, pipeline clean out, and lateral drillout operations. The tools will be delivered free of liens with no obligations.
