HOUSTON NAT RES CORP - HNRC STOCK NEWS

Houston Natural Resources Corp. (OTC: HNRC) will spin off its non-energy assets to its subsidiary Worldwide Diversified Holdings, Inc., with a planned dividend of $1.75 per share to shareholders on December 16, 2022. The transfer involves non-energy investments valued at $53,307,324 and aims to complete a registration statement in Q4 2022. HNRC's future focus will include acquisitions of oil and gas properties, expanding wastewater treatment facilities, and enhancing its oil well rework project.

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.

Houston Natural Resources Corp (OTC: HNRC) provided a shareholder update on Aug. 18, 2022, outlining key business developments and strategic plans. The company is focused on expanding its subsidiaries: HNRI, which will enhance energy operations, and WDHI, which will diversify technology interests. HNRC's recent acquisition includes 2,800 acres in the Halff Oil Field, promising significant oil reserves. The firm expects to generate over $3M in earnings from SPAC investments, with potential shareholder dividends exceeding $0.30 per share. Q2 2022 revenue reached $5.13M, a 41% year-over-year increase.

Houston Natural Resources Corp. (OTC: HNRC) reported robust second quarter results for 2022, showcasing a 41% year-over-year revenue increase to $5,125,473. Year-to-date earnings also rose by 38%, reaching $5,526,987. The company's total assets surpassed $74 million, with a net asset value of $2.43 per share. Notably, HNRC announced a spin-off of a $53 million non-energy asset into Worldwide Diversified Holdings, resulting in a dividend for shareholders. The company plans an up listing to OTCQB in Q4.

Houston Natural Resources Corp. (OTC: HNRC) announced a spin-off of its non-energy assets to Worldwide Diversified Holdings, Inc., with a total value of $53,307,324. Shareholders will receive a dividend of $1.75 of WDHI shares for each HNRC share owned on the record date. The company's focus will shift to acquiring income-producing oil and gas properties, expanding wastewater treatment facilities, and equipment for ongoing oil well projects. The transaction is expected to enhance shareholder value without impacting business operations.

Houston Natural Resources Corp. (OTC: HNRC) announced plans to acquire a wastewater treatment facility, expected to close in June 2022. The target company, specializing in water well services and drilling, has a historical recurring revenue of 68% and a projected 80%. 2021 revenues were approximately $7.2 million, with estimates of $8.5 million in 2022 and $11 million in 2023. The acquisition includes equipment valued at $13 million, contributing to a $10 million increase in assets. Financing for the transaction will involve cash and securities, with plans to expand wastewater treatment facilities nationwide.

Houston Natural Resources Corp. (HNRC) has announced plans to invest in a second Special Purpose Acquisition Corporation (SPAC) with a $100 million offering set to list by Q2 2022. Following a successful $86 million SPAC listing earlier, HNRC is evaluating six additional SPAC opportunities and plans to introduce a third in Q3. This strategy aims to provide shareholders with quarterly dividends through the end of 2023, expecting at least $3 million earnings per SPAC investment, potentially leading to over $0.30 per share annually.

Houston Natural Resources Corp. (OTC: HNRC) has engaged InterCapital Energy LLC for financing its oil and gas projects. With 30 years of industry experience, InterCapital targets growth opportunities in production and reserves, having managed projects worth up to $1 billion. HNRC is negotiating joint venture agreements for capital development in Texas, aiming for operational status within 60 days. InterCapital will also facilitate future acquisitions. This partnership may enhance HNRC's market position but comes with inherent financing risks.

Houston Natural Resources Corp. (OTC: HNRC) reported record financial results for the quarter ending March 31, 2022. Total revenue reached $3,562,169, a 41% increase compared to the same quarter in 2021. Operating earnings surged by 123% to $2,062,075. Earnings per share rose to $0.08, marking a 33% increase. Total assets increased modestly by 2% to $73,973,967. The company plans to focus on acquisitions in water treatment and oil and gas sectors, alongside sponsoring new special purpose acquisition corporations.