HOUSTON NAT RES CORP - HNRC STOCK NEWS

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.

Houston Natural Resources Corp (OTC: HNRC) announced its strategy to invest and sponsor Special Purpose Acquisition Corporations (SPACs) in 2022. The company plans to sponsor one SPAC each quarter, having already listed an $86 million energy-focused SPAC in Q1 2022. HNRC aims to provide over $0.30 per share in annual dividends, expected to yield at least $3 million from each SPAC investment, starting after the lock-up period ends. Additional SPAC opportunities in various energy sectors are also under evaluation, promising continued shareholder returns through 2023.

Houston Natural Resources Corp. (OTC: HNRC) announced strong financial projections for Q1 2022, expecting revenue of $5 million and EBITDA of $2.5 million. For the full year, the company anticipates $20 million in revenue and $10 million in EBITDA. Revenue has jumped over 91% year-over-year to $18.2 million, with net income rising 157% to $7.6 million. The company plans to apply for OTCQB listing and is involved in acquiring Cunningham Energy, which is expected to add significant assets. Additionally, a successful NYSE SPAC listing could lead to dividends for shareholders.

Houston Natural Resources Corp (OTC: HNRC) announced a Letter of Intent to form a Special Purpose Acquisition Corporation for acquiring interests in Cunningham Energy LLC. The planned transaction involves up to $100 million in cash and securities, aimed at oil and gas exploration in the U.S. and Canada. Additional funding of $600 million is also planned. Cunningham Energy operates in the Appalachian Basin and has significant reserves, targeting further development. This strategic move is expected to enhance HNRC's market position and shareholder value.

Houston Natural Resources Corp (OTC: HNRC) announced plans to issue a dividend between July 1 and September 30, 2022, based on its holdings in HNR Acquisition Corp. The dividend could be in cash or shares, valued at $3,593,750 if shares are priced at $10, up to $7,187,500 at $20 per share. The company is experiencing a concerning naked short position averaging 57% daily on the OTC markets. HNRC aims to sponsor additional special purpose acquisition corporations (SPACs) this fiscal year to provide further dividends.

Houston Natural Resources Corp. (OTC: HNRC) announced a new dividend policy on March 4, 2022. The company plans to reward shareholders through dividends linked to its investment in HNR Acquisition Corp. Following the completion of HNRA's business combination, dividends will be distributed in cash or shares. If the shares are distributed at $10 each, the value would total $3,593,750. HNRC aims to sponsor more special purpose acquisition corporations for future dividends, showcasing its commitment to shareholder returns and financial growth.

Houston Natural Resources Corp (OTC: HNRC) reported record financial results for the year ending December 31, 2021. Total revenue surged 91% to $18,217,737, while total earnings soared 157% to $7,636,830. The company’s earnings per share rose 84%, reaching $0.35. Total assets increased by 2% to $74,251,027. President Frank Kristan highlighted the growth attributed to expanded services for portfolio companies and mentioned a successful $86 million NYSE listing of an energy-focused SPAC. The company expects consistent growth in 2022, with plans to explore further acquisitions.

Houston Natural Resources Corp. (OTC: HNRC) reported record financial results for the year ending December 31, 2021. Total revenue surged by 91% to $18,217,737, while total earnings jumped 192% to $6,307,247. The company’s earnings per share increased 84% to $0.35, with a net asset value of $3.46 per share. The growth was attributed to enhanced services to its portfolio companies. Additionally, HNRC successfully sponsored an $86 million NYSE listing of an energy SPAC and anticipates consistent growth in 2022.

Houston Natural Resources Corp. (OTC: HNRC) announced that its subsidiary, HNR Acquisition Corp (HNRA), successfully completed its initial public offering (IPO) on the NYSE, raising $86.25 million. The IPO was priced at $10.00 per unit, consisting of 7.5 million units, with an additional 1.125 million units purchased by underwriters. HNRA aims to merge or acquire businesses in the natural resources sector, focusing on North America. The offering was managed by EF Hutton, and relevant prospectus can be obtained from their office.