Houston Natural Resources Reports Q1 2023 Financials Period Ending March 31, 2023
Significant Growth Reported in Revenues, Earnings, Assets and EPS
Financial Results: Q1 2023 Ending March 31, 2023 vs Q1 2022 Ending March 31, 2022
- Total revenue for three months was
$4,178,580 $3,562,169 17% - Total earnings for three months were
$2,660,713 $2,011,988 32% - Total assets for the period were
$92,839,255 $73,973,967 25% - Earnings per share (EPS) for three months was
$0.03 $0.02 50% - The company recorded a net asset value (NAV) of
$1.16
The Company has announced that FINRA has completed the review of the company's corporate action to Spin-Off the Worldwide Diversified Holdings, Inc. (WDHI) assets. The Spin-off is for shareholders of record of April 28, 2023, and a payable date of May 26, 2023. The trading of the WDHI shares will be subject to a registration statement being approved by the SEC.
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTCMKTS: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests as well as wastewater treatment facilities. The Halff Oil Field in Crockett County, Texas, has 83 oil wells, with estimated 33 million barrels of oil and water treatment and appraised reserves of
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.
View original content:https://www.prnewswire.com/news-releases/houston-natural-resources-reports-q1-2023-financials-period-ending-march-31-2023-301815539.html
SOURCE Houston Natural Resources Corp
