CNRC REPORTS Q1 2025 FINANCIALS PERIOD ENDING MARCH 31, 2025
Cunningham Natural Resources Corp. (OTC: CNRC) reported its Q1 2025 financial results, showing a decline in key metrics compared to Q1 2024. Revenue decreased to $3.92 million from $4.29 million, while earnings dropped to $2.65 million from $2.74 million. Total assets declined to $73.21 million from $83.94 million, with a NAV of $0.18 per share.
The company announced signing a significant Letter of Intent (LOI) on April 10, 2025, to collaborate with JV Partners on opportunities with Indian Oil Parties. The project includes potential funding of up to $1 billion, with $50 million allocated for existing and new oil wells in West Virginia and similar U.S. assets. This initiative aligns with the India-USA bilateral trade agreement—Mission 500, which aims to increase trade from $190 billion to $500 billion by 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) ha riportato i risultati finanziari del primo trimestre 2025, evidenziando un calo dei principali indicatori rispetto al primo trimestre 2024. I ricavi sono diminuiti a 3,92 milioni di dollari da 4,29 milioni, mentre gli utili sono scesi a 2,65 milioni di dollari da 2,74 milioni. Il totale degli attivi si è ridotto a 73,21 milioni di dollari da 83,94 milioni, con un NAV di 0,18 dollari per azione.
L'azienda ha annunciato la firma di una importante Lettera di Intenti (LOI) il 10 aprile 2025, per collaborare con JV Partners su opportunità con le Parti Indian Oil. Il progetto prevede un possibile finanziamento fino a 1 miliardo di dollari, di cui 50 milioni destinati a pozzi petroliferi esistenti e nuovi in West Virginia e altre attività simili negli Stati Uniti. Questa iniziativa è in linea con l'accordo commerciale bilaterale India-USA—Mission 500, che punta ad aumentare gli scambi da 190 miliardi a 500 miliardi di dollari entro il 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) informó sus resultados financieros del primer trimestre de 2025, mostrando una disminución en los indicadores clave en comparación con el primer trimestre de 2024. Los ingresos bajaron a 3,92 millones de dólares desde 4,29 millones, mientras que las ganancias cayeron a 2,65 millones de dólares desde 2,74 millones. Los activos totales disminuyeron a 73,21 millones desde 83,94 millones, con un NAV de 0,18 dólares por acción.
La compañía anunció la firma de una importante Carta de Intención (LOI) el 10 de abril de 2025, para colaborar con socios JV en oportunidades con las partes de Indian Oil. El proyecto incluye un financiamiento potencial de hasta 1.000 millones de dólares, con 50 millones asignados para pozos petroleros existentes y nuevos en Virginia Occidental y activos similares en EE.UU. Esta iniciativa está alineada con el acuerdo bilateral comercial India-EE.UU.—Misión 500, que busca aumentar el comercio de 190.000 millones a 500.000 millones de dólares para 2030.
Cunningham Natural Resources Corp. (OTC: CNRC)는 2025년 1분기 재무 실적을 발표하며 2024년 1분기 대비 주요 지표가 감소했음을 보여주었습니다. 매출은 392만 달러로 429만 달러에서 감소했고, 순이익은 265만 달러로 274만 달러에서 줄었습니다. 총 자산은 8394만 달러에서 7321만 달러로 감소했으며, 주당 순자산가치(NAV)는 0.18달러였습니다.
회사는 2025년 4월 10일에 JV 파트너들과 인도 오일 관련 기회에 협력하기 위한 중요한 의향서(LOI)를 체결했다고 발표했습니다. 이 프로젝트는 최대 10억 달러의 자금 조달 가능성을 포함하며, 그 중 5천만 달러는 웨스트버지니아 및 미국 내 유사 자산의 기존 및 신규 유정에 배정됩니다. 이 이니셔티브는 2030년까지 무역 규모를 1900억 달러에서 5000억 달러로 확대하는 것을 목표로 하는 인도-미국 양자 무역 협정인 Mission 500과 일치합니다.
Cunningham Natural Resources Corp. (OTC : CNRC) a publié ses résultats financiers du premier trimestre 2025, montrant une baisse des indicateurs clés par rapport au premier trimestre 2024. Le chiffre d'affaires a diminué à 3,92 millions de dollars contre 4,29 millions, tandis que les bénéfices sont passés à 2,65 millions de dollars contre 2,74 millions. Le total des actifs a baissé de 83,94 millions à 73,21 millions de dollars, avec une valeur nette d'inventaire (NAV) de 0,18 dollar par action.
L'entreprise a annoncé la signature d'une importante lettre d'intention (LOI) le 10 avril 2025, pour collaborer avec des partenaires JV sur des opportunités avec les parties Indian Oil. Le projet prévoit un financement potentiel allant jusqu'à 1 milliard de dollars, dont 50 millions destinés aux puits de pétrole existants et nouveaux en Virginie-Occidentale ainsi qu'à des actifs similaires aux États-Unis. Cette initiative s'inscrit dans le cadre de l'accord commercial bilatéral Inde-USA—Mission 500, qui vise à augmenter les échanges de 190 milliards à 500 milliards de dollars d'ici 2030.
Cunningham Natural Resources Corp. (OTC: CNRC) meldete seine Finanzergebnisse für das erste Quartal 2025 und zeigte einen Rückgang wichtiger Kennzahlen im Vergleich zum ersten Quartal 2024. Der Umsatz sank auf 3,92 Millionen US-Dollar von 4,29 Millionen, während der Gewinn auf 2,65 Millionen US-Dollar von 2,74 Millionen zurückging. Die Gesamtvermögenswerte verringerten sich von 83,94 Millionen auf 73,21 Millionen US-Dollar, mit einem NAV von 0,18 US-Dollar je Aktie.
Das Unternehmen gab am 10. April 2025 die Unterzeichnung eines bedeutenden Letter of Intent (LOI) bekannt, um mit JV-Partnern bei Chancen mit Indian Oil Parteien zusammenzuarbeiten. Das Projekt umfasst eine potenzielle Finanzierung von bis zu 1 Milliarde US-Dollar, wobei 50 Millionen für bestehende und neue Ölquellen in West Virginia sowie ähnliche US-Vermögenswerte vorgesehen sind. Diese Initiative steht im Einklang mit dem bilateralen Handelsabkommen Indien-USA—Mission 500, das darauf abzielt, den Handel von 190 Milliarden auf 500 Milliarden US-Dollar bis 2030 zu steigern.
- Secured LOI for potential $1 billion funding opportunity with Indian partners
- $50 million earmarked for well development in West Virginia and U.S. assets
- Strategic alignment with India-USA bilateral trade agreement (Mission 500)
- Maintained profitability with $2.65 million in earnings
- Revenue declined 8.7% YoY to $3.92 million in Q1 2025
- Earnings decreased 3.1% YoY to $2.65 million
- Total assets dropped 12.8% YoY to $73.21 million
Signs Letter of Intent to pursue
Financial Results: Q1 2025 ending March 31, 2025, vs Q1 2024 ending March 31, 2024
- Total revenue for three months was
$ 3,917,490 $4,292,940 - Total earnings for three months were
$ 2,652,116 $2,736,961 - Total assets for the period were
$ 73,208,039 $83,937,011 - The company recorded a net asset value (NAV) of
$0
The Company also disclosed that on April 10, 2025 the company entered into a Letter of Intent ("LOI") to reflect the mutual intentions of the Company and certain partners (collectively the "JV Partners") to collaborate on a current opportunities with the Nation of
The JV Partners agree to cooperate on all reasonable activities required to enter into an agreement with the Indian Oil Partners to facilitate the goals and objectives of the Project including funding of up to
The opportunity comes at a pivotal time as part of broader strategic developments under the
Frank Kristan, CEO of CNRC, commented on the strategic move: "Meeting with the partners in
About Cunningham Natural Resources Corp
Cunningham Natural Resources Corp (www.cunninghamnaturalresources.com) will be focused on traditional oil and gas opportunities and energy transition materials including mining opportunities in copper, lithium, gold, as well as other precious and rare earth metals. The investment focus will be global with sustainability at the core of the strategy.
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:
Cunningham Natural Resources Corp
500 Virginia Street East, 10th Floor.
Phone: (304) 244-4862
E-mail: info@cunninghamnaturalresources.com
Twitter: https://twitter.com/CunninghamCorp
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SOURCE Cunningham Natural Resources Corp
FAQ
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