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HNRC Continues Aggressive Growth

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Houston Natural Resources Corp. (OTC: HNRC) reported a remarkable growth trajectory, achieving over 200% revenue increase to $9,523,634 and a net income rise of 300% to $2,973,320 since 2018. The company projects combined revenues of $23 million and earnings of $12 million in the upcoming year. With a projected earnings per share of $0.77 compared to $0.19 in 2020, HNRC anticipates strong contributions from new equipment and acquisitions. The company aims to leverage a diversified asset portfolio worth $9.67 per share and plans an up-listing to OTCQX or a major exchange.

Positive
  • Revenue increased by more than 200% to $9,523,634.
  • Net income grew by over 300% to $2,973,320.
  • Projected total combined revenues of $23 million with $12 million in earnings.
  • Earnings per share expected to rise to $0.77 from $0.19 in 2020.
  • Anticipating acquisition with at least $100 million in revenue.
Negative
  • None.

HOUSTON, July 28, 2021 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") continues its aggressive growth in 2021 with projections to substantially increase revenues and earnings over the next three years.

The company's revenues have increased by more than 200% to $9,523,634 over the last three years with net income increasing by more than 300% to $2,973,320. The company's portfolio companies have generated more than $30 million in revenue since 2016.

The company projects total combined revenues of $23 million and $12 million in earnings. The forward earnings per share are projected to be $0.77c per share compared to $0.19c per share for 2020. The company expects second quarter earnings to be in line with the projections. The company expects the strong revenues to come from new equipment that comes online in the third quarter, internal growth and acquisitions.

According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation, as of July 26,2021, is between 8x and 14x forward earnings. This would imply a target value for HNRC of $6.16 per share and $10.78 per share.

The Street Now has initiated coverage of the company with a strong buy recommendation.

The Company expects to complete a transaction in the third or fourth quarter of 2021 and anticipates the acquisition to be at least $100 million in revenue.

The Company's management team is well positioned to identify attractive risk-adjusted returns in the marketplace through their contacts and transaction sources, ranging from industry executives, private owners, private equity funds, and investment bankers. Our management believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.

The Company intends to focus on realizing the value on the total of $9.67 per share in assets held by its subsidiaries for the benefit of the shareholders. The strategy may include asset sales, a spin-off of one or more of its subsidiaries and dividends to shareholders.

HNRC is a diversified holding company that has two subsidiaries, Houston Natural Resources, Inc ("HNRI") and Worldwide Diversified Holdings, Inc ("WDHI"). HNRI owns oil and gas properties and a waste-water treatment plant. WDHI has business operations that provide products & services in the Information Technology & Healthcare markets. HNRC anticipates up listing onto OTCQX or major exchange. The company is preparing an SEC filing to become an SEC reporting company.

About Houston Natural Resources Corp

Houston Natural Resources Corp (www.HoustonNaturalResources.com) (OTC:HNRC). The Company is dedicated to increasing shareholder value through developing natural resources with state-of-the-art innovative technologies in tandem with sustainable environmental services of toxic oil field waste disposal and recycling that are environmentally safe and socially responsible. 

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc.(www.wdhinc.net). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in information technology and healthcare.

FORWARD-LOOKING STATEMENTS:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

Contact:
Houston Natural Resources Corp.
E-mail: frank@HoustonNaturalResources.com  
Houston Texas USA
757-707-4563

Cision View original content:https://www.prnewswire.com/news-releases/hnrc-continues-aggressive-growth-301342919.html

SOURCE Houston Natural Resources Corp.

FAQ

What were the revenue figures for Houston Natural Resources Corp. in 2021?

The company reported revenues of $9,523,634 in 2021, reflecting a 200% increase over three years.

What is HNRC's projected earnings per share for 2021?

HNRC projects an earnings per share of $0.77 for 2021, compared to $0.19 in 2020.

What are the future revenue projections for HNRC?

Houston Natural Resources Corp. projects total combined revenues of $23 million in the upcoming year.

When does HNRC plan to complete its acquisition transaction?

HNRC expects to finalize the acquisition transaction in the third or fourth quarter of 2021.

HOUSTON NAT RES CORP

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