Azure Holding Group 1st Quarter Earnings Report
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 (AZRH) ha riportato i risultati del primo trimestre del 2025 con vendite di 1,49 milioni di dollari e un EBITDA di 0,17 milioni di dollari. Su base consolidata, non verificata e non conformata all'ASC 810, le vendite consolidate hanno raggiunto i 16,26 milioni di dollari con un EBITDA di 1,19 milioni di dollari.
Il bilancio della società ha mostrato una crescita significativa con 1,72 milioni di dollari in crediti commerciali, 14,32 milioni di dollari in strumenti per tubazioni coiled e 1,99 milioni di dollari in attrezzature per il flusso. AZRH ha annunciato piani per acquisire Button Energy, che si prevede aggiungerà 56,0 milioni di dollari in vendite nel 2024 e 3,32 milioni di dollari in EBITDA.
La direzione ha fornito una previsione di fatturato per il 2025 di 30,0 milioni di dollari, con ulteriori 75,0 milioni di dollari attesi dall'acquisizione di Button Energy. La società prevede anche di riorganizzare CST Drilling Fluids nel secondo trimestre del 2025, eliminando 4,726 milioni di dollari di debito mantenendo gli accordi con i clienti.
Azure Holding Group Corp (AZRH) reportó resultados del primer trimestre de 2025 con ventas de 1,49 millones de dólares y un EBITDA de 0,17 millones de dólares. En una base consolidada, no auditada y no conformada a ASC 810, las ventas consolidadas alcanzaron los 16,26 millones de dólares con un EBITDA de 1,19 millones de dólares.
El balance de la compañía mostró un crecimiento significativo con 1,72 millones de dólares en cuentas por cobrar, 14,32 millones de dólares en herramientas de tubería enrolladas y 1,99 millones de dólares en equipos de flujo. AZRH anunció planes para adquirir Button Energy, que se proyecta que agregue 56,0 millones de dólares en ventas en 2024 y 3,32 millones de dólares en EBITDA.
La dirección proporcionó una guía de ingresos para 2025 de 30,0 millones de dólares, con 75,0 millones de dólares adicionales esperados de la adquisición de Button Energy. La compañía también planea reorganizar CST Drilling Fluids en el segundo trimestre de 2025, eliminando 4,726 millones de dólares en deuda mientras mantiene los acuerdos con los clientes.
Azure Holding Group Corp (AZRH)는 2025년 1분기 실적을 보고하며 매출이 149만 달러, EBITDA가 17만 달러로 나타났습니다. 감사되지 않은 ASC 810 비준수 기준에 따라, 연결 매출은 1,626만 달러, EBITDA는 119만 달러에 달했습니다.
회사의 대차대조표는 172만 달러의 매출채권, 1,432만 달러의 코일 튜빙 도구 및 199만 달러의 유입 장비로 상당한 성장을 보였습니다. AZRH는 Button Energy를 인수할 계획을 발표했으며, 이는 2024년 5600만 달러의 매출과 332만 달러의 EBITDA를 추가할 것으로 예상됩니다.
경영진은 2025년 매출 가이던스로 3000만 달러를 제시했으며, Button Energy 인수로 추가로 7500만 달러의 매출이 예상됩니다. 또한 회사는 2025년 2분기에 CST Drilling Fluids를 재조직하여 472.6만 달러의 부채를 줄이고 고객 계약을 유지할 계획입니다.
Azure Holding Group Corp (AZRH) a publié les résultats du premier trimestre 2025 avec des ventes de 1,49 million de dollars et un EBITDA de 0,17 million de dollars. Sur une base non vérifiée et non conforme à l'ASC 810, les ventes consolidées ont atteint 16,26 millions de dollars avec un EBITDA de 1,19 million de dollars.
Le bilan de l'entreprise a montré une croissance significative avec 1,72 million de dollars en créances clients, 14,32 millions de dollars en outils de tubage enroulé et 1,99 million de dollars en équipements de retour de flux. AZRH a annoncé des plans pour acquérir Button Energy, qui devrait ajouter 56,0 millions de dollars en ventes en 2024 et 3,32 millions de dollars en EBITDA.
La direction a fourni une prévision de revenus pour 2025 de 30,0 millions de dollars, avec 75,0 millions de dollars supplémentaires attendus de l'acquisition de Button Energy. L'entreprise prévoit également de réorganiser CST Drilling Fluids au deuxième trimestre 2025, en éliminant 4,726 millions de dollars de dettes tout en maintenant les accords avec les clients.
Azure Holding Group Corp (AZRH) berichtete über die Ergebnisse des ersten Quartals 2025 mit einem Umsatz von 1,49 Millionen Dollar und einem EBITDA von 0,17 Millionen Dollar. Auf einer nicht geprüften, nicht ASC 810-konformen Basis erreichten die konsolidierten Umsätze 16,26 Millionen Dollar bei einem EBITDA von 1,19 Millionen Dollar.
Die Bilanz des Unternehmens zeigte ein signifikantes Wachstum mit 1,72 Millionen Dollar in Forderungen, 14,32 Millionen Dollar in Coil-Tubing-Werkzeugen und 1,99 Millionen Dollar in Flowback-Ausrüstung. AZRH kündigte Pläne zur Übernahme von Button Energy an, die voraussichtlich 56,0 Millionen Dollar Umsatz und 3,32 Millionen Dollar EBITDA im Jahr 2024 hinzufügen wird.
Das Management gab eine Umsatzprognose von 30,0 Millionen Dollar für 2025 ab, wobei zusätzlich 75,0 Millionen Dollar aus der Übernahme von Button Energy erwartet werden. Das Unternehmen plant auch, CST Drilling Fluids im zweiten Quartal 2025 zu reorganisieren und dabei 4,726 Millionen Dollar Schulden abzubauen, während die Kundenvereinbarungen aufrechterhalten werden.
- Projected revenue guidance of $30.0M for 2025, with additional $75.0M expected from Button Energy acquisition
- Strong balance sheet growth with $14.32M in coil tubing tools and $1.99M in flowback equipment
- Planned acquisition of Button Energy expected to add $56.0M in sales and $3.32M EBITDA
- Strategic debt reduction of $4.726M through CST Drilling Fluids reorganization
- Relatively low current quarter sales of $1.49M compared to unaudited consolidated figures
- Significant debt restructuring needed for CST Drilling Fluids division
- Sales volumes need recovery to reach Q1-Q2 2024 levels
Azure Holding Group Corp ($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 equipmentAnnounced 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
$4.72 6 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
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.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Azures expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as estimate, project, predict, will, would, should, could, may, might, anticipate, plan, intend, believe, expect, aim, goal, target, objective, "commit," "advance," likely or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release unless an earlier date is specified. Unless legally required, Azure does not undertake any obligation to update, modify or withdraw any forward-looking statements as a result of new information, future events or otherwise.
Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Actual outcomes or results may differ from anticipated results, sometimes materially. Factors that could cause results to differ from those projected or assumed in any forward-looking statement include, but are not limited to: general economic conditions, including slowdowns and recessions, domestically or internationally; Azures indebtedness and other payment obligations, including the need to generate sufficient cash flows to fund operations; Azures ability to successfully monetize select assets and repay or refinance debt and the impact of changes in Azures credit ratings or future increases in interest rates; assumptions about energy markets; global and local commodity and commodity-futures pricing fluctuations and volatility; supply and demand considerations for, and the prices of, Azures products and services; actions by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries; results from operations and competitive conditions; future impairments of Azure's proved and unproved oil and gas properties or equity investments, or write-downs of productive assets, causing charges to earnings; unexpected changes in costs; inflation, its impact on markets and economic activity and related monetary policy actions by governments in response to inflation; availability of capital resources, levels of capital expenditures and contractual obligations; the regulatory approval environment, including Azure's ability to timely obtain or maintain permits or other government approvals, including those necessary for drilling and/or development projects; Azure's ability to successfully complete, or any material delay of, field developments, expansion projects, capital expenditures, efficiency projects, acquisitions or divestitures; risks associated with acquisitions (including our anticipated acquisition of Button Energy), mergers and joint ventures, such as difficulties integrating businesses, uncertainty associated with financial projections, projected synergies, restructuring, increased costs and adverse tax consequences; uncertainties and liabilities associated with acquired and divested properties and businesses; uncertainties about the estimated quantities of oil, NGL and natural gas reserves; lower-than-expected production from development projects or acquisitions; Azures ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes and improve Azures competitiveness; exploration, drilling and other operational risks; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver Azures oil and natural gas and other processing and transportation considerations; volatility in the securities, capital or credit markets, including capital market disruptions and instability of financial institutions; government actions, war (including the Russia-Ukraine war and conflicts in the Middle East) and political conditions and events; health, safety and environmental (HSE) risks, costs and liability under existing or future federal, regional, state, provincial, tribal, local and international HSE laws, regulations and litigation (including related to climate change or remedial actions or assessments); legislative or regulatory changes, including changes relating to hydraulic fracturing or other oil and natural gas operations, retroactive royalty or production tax regimes, and deep-water and onshore drilling and permitting regulations; Azure's ability to recognize intended benefits from its business strategies and initiatives, such as Azure's low-carbon ventures businesses or announced greenhouse gas emissions reduction targets or net-zero goals; potential liability resulting from pending or future litigation, government investigations and other proceedings; disruption or interruption of production or manufacturing or facility damage due to accidents, chemical releases, labor unrest, weather, power outages, natural disasters, cyber-attacks, terrorist acts or insurgent activity; the scope and duration of global or regional health pandemics or epidemics, and actions taken by government authorities and other third parties in connection therewith; the creditworthiness and performance of Azure's counterparties, including financial institutions, operating partners and other parties; failure of risk management; Azures ability to retain and hire key personnel; supply, transportation and labor constraints; reorganization or restructuring of Azures operations; changes in state, federal or international tax rates; and actions by third parties that are beyond Azure's control.
SOURCE: Azure Holding Group Corp.
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FAQ
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