Houston Nat Res Corp - HNRC STOCK NEWS

Welcome to our dedicated news page for Houston Nat Res (Ticker: HNRC), a resource for investors and traders seeking the latest updates and insights on Houston Nat Res.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Houston Nat Res's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Houston Nat Res's position in the market.

03/19/2024 08:00 AM

News

HNRC REPORTS RESULTS FOR PERIOD ENDING DECEMBER 31, 2023

Rhea-AI Summary

Houston Natural Resources Corp. (HNRC) reported a 2.9% increase in total revenue and a significant 19.3% rise in operating earnings for the year ending December 31, 2023. The company's focus on traditional oil and gas opportunities and energy transition materials resulted in notable achievements, including acquisitions, investments, and strategic partnerships.

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End-of-Day

33.17%

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02/14/2024 08:00 AM

News

HNRC Ventures into the Digital Economy

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Houston Natural Resources Corp (HNRC) announces the transformation of its 9% stake in Cunningham Mining into a Digital Asset Token, marking a significant step towards revolutionizing the mining industry through digital technology.

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End-of-Day

-4.17%

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01/10/2024 08:00 AM

News

HNRC Outlines Key Highlights Presentation for 2024

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Houston Natural Resources Corp (HNRC) with a pending name, symbol and CUSIP change, to Cunningham Natural Resources Corp, outlined an investor presentation for 2024. CNRC focuses on traditional oil and gas opportunities, energy transition materials, and mining opportunities in copper, lithium, gold, and other precious and rare earth metals. CNRC has investments in Cunningham Energy LLC, HNR Acquisition Corp, and Rhino Energy Pty Ltd. They also have interests in Cunningham Mining Ltd and Kharrouba Copper Company, Inc.

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End-of-Day

2.78%

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01/03/2024 08:00 AM

News

Houston Natural Resources Corp Updates Shareholders

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Houston Natural Resources Corp (OTC: HNRC) has filed for a name change to Cunningham Natural Resources Corp and completed the acquisition of Cunningham Energy, increasing HNRC's net asset value by $1.70 per share. The company is focusing on traditional oil and gas opportunities, energy transition materials, and global sustainability. Cunningham Energy has completed audited statements for a potential listing on the NASDAQ or NYSE in 2024 with an underwriting commitment of $10 million. The company has also filed for a restructuring to meet qualifications for a national exchange, expected to be completed in the first quarter of 2024. Additionally, the company completed an asset spinoff dividend to shareholders of Worldwide Diversified Holdings, Inc. and filed with the SEC for registration for the shares to be traded in the first quarter of 2024.

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End-of-Day

27.59%

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12/11/2023 08:00 AM

News

Houston Natural Resources Corp Portfolio Company Completes Business Combination

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Houston Natural Resources Corp (OTC: HNRC) has completed the acquisition of Pogo Resources, LLC and its subsidiary, LH Operating, LLC, becoming an independent oil and natural gas company focused on the Permian Basin. The company's assets include the Grayburg-Jackson oil field, with production increasing from 500 BOE per day to 1,388 BOE per day for the nine months ended September 30, 2023. LHO had $20.3 million in revenues, generating positive cash flow and $3.9 million of net income for the same period. The company anticipates declaring a dividend of its HNRA position in 2024, subject to existing lock-up agreements and regulatory reviews being completed.

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11/14/2023 08:00 AM

News

Houston Natural Resources Reports Q3 2023 Financials Period Ending September 30, 2023

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Houston Natural Resources Corp. (OTC: HNRC) reported robust Q3 2023 results, with total revenue reaching $15,241,815, a 5% increase from the previous year. Earnings for nine months amounted to $8,871,912, showing a 9% growth, and earnings per share (EPS) rose to $0.06 from $0.05, marking a 20% increase. The company also achieved a net asset value (NAV) of $0.62 per share. Key milestones include the acquisition of Cunningham Energy, LLC, corporate changes, mining interest acquisition, and the spin-off of Worldwide Diversified Holdings, Inc. Financially, the company continues to receive advisory fees and is actively evaluating potential acquisitions in the energy and energy services industry.

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End-of-Day

2.63%

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10/30/2023 09:43 AM

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HNRC to Present at the Emerging Growth Conference on November 1, 2023

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Houston Natural Resources Corp (OTC: HNRC) has been invited to present at the Emerging Growth Conference on November 1, 2023. The live, interactive online event will allow shareholders and the investment community to interact with the CEO in real time. The presentation will take place at 10:50 AM Eastern time for 30 minutes.

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End-of-Day

10.42%

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10/04/2023 08:00 AM

News

HOUSTON NATURAL RESOURCES CORP UPDATES SHAREHOLDERS

Rhea-AI Summary

Houston Natural Resources Corp. (HNRC) has appraised asset values of $2.90 per share and expects to exceed its annual revenue projection of over $20 million in 2023. The company completed several acquisitions and achieved a total value of $0.15 per share in current energy assets held by its subsidiaries. HNRC also engaged an underwriter for a $10 million commitment for an up listing to a major exchange in 2023. They are evaluating additional acquisitions in the energy and energy services industry.

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End-of-Day

8.33%

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09/27/2023 08:00 AM

News

Houston Natural Resource Corp's CEO Frank Kristan is Featured on "The Street Reports Podcast"

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Houston Natural Resources Corp. CEO discusses Energy Transition Acquisitions, Dividends, EPS Increase, and Uplisting

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09/21/2023 08:00 AM

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HNRC Strategic Asset Sales Propel Company to Impressive Gains Earning $0.15 per Share

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Houston Natural Resources Corp completes sale of subsidiary assets at $18 million enterprise value and $0.15c per share. Company focuses on traditional oil and gas opportunities and energy transition materials. Signed $10 million underwriting commitment for acquisitions and anticipates uplisting in Q4.

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Rhea-AI Sentiment

End-of-Day

4.84%

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