Houston Natural Resources Corp Raises its Revenue Guidance for 2022
Houston Natural Resources Corp. (OTC: HNRC) has announced strong projected financial results for 2022, expecting $20 million in revenue and $10 million in EBITDA. Q3 projections include $5 million in revenue. The company's revenue for the first half of 2022 increased by over 34% year-over-year. A letter of intent to acquire Cunningham Energy is expected to enhance asset value. HNRC plans to issue dividends from SPAC investments, potentially leading to $0.30 per share in annual dividends for shareholders. The company continues to grow its asset portfolio.
- Projected revenue of $20 million and EBITDA of $10 million for 2022.
- First half of 2022 revenue increased by over 34% to $8.69 million.
- Letter of intent to acquire Cunningham Energy could increase asset value.
- Potential annual dividends of $0.30 per share based on SPAC investments.
- None.
Issues Dividend Policy Update
HOUSTON, Aug. 31, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it expects to report strong results for the remainder of 2022, projecting
Furthermore, the company recently announced a letter of intent to acquire Cunningham Energy, which would result in a significant increase in the company's assets for the year ending December 31,2022.
The company's revenues for the first six months of 2022 have increased by more than 34 % to
The company has identified two sources of potential dividends for its shareholders.
The company sponsored a successful
The company is evaluating sponsoring other energy focused special purpose acquisition corporation and expects a second energy focused special purpose to be completed in the third quarter. The company is evaluating sponsoring other energy focused SPACS, including traditional oil and gas, renewable energy, and waste to energy opportunities. This would also result in an additional dividend to the shareholders.
The company expects to realize at least
The Company announced that, effective June 30, 2022, the Board of Directors has approved the transfer of the non-energy investments of
Worldwide Diversified Holdings, Inc ("WDHI") has audited statements and will provide for a listing later this year. The dividend record date will be announced during the third quarter and will automatically be distributed to the Company's shareholders. The company is anticipating an initial trading price of
Houston Natural Resources Corp (www.hnrcholdings.com) (OTC:HNRC). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in energy, information technology and healthcare.
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.
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SOURCE Houston Natural Resources Corp.
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