Nxt Energy Stock Price, News & Analysis

NXT Energy Solutions (OTCQB:NSFDF) reported its Q2 2025 financial results, highlighting significant growth and financial transformation. The company achieved SFD® revenues of $14.1 million for H1 2025, compared to $0.6 million in H1 2024. During Q2, US$5.67 million of convertible debentures were converted to common shares. Despite recording YTD net income of $0.70 million, Q2 saw a net loss of $6.98 million, primarily due to a $7.74 million non-cash charge from fair value adjustments following a 178% share price increase.

The company secured new contracts, including a second 2025 SFD® survey contract with Synergy E&P Limited in Africa. Net working capital improved by $10.53 million, reaching $3.89 million as of June 30, 2025. Major shareholders include Mork Capital (28.0%) and Ataraxia (12.4%) following their debenture conversions.

NXT Energy Solutions (OTCQB:NSFDF) announced that Mork Capital has converted a total of USD$3,375,000 in convertible debentures into common shares. The conversion includes USD$1,000,000 from November 2023 debentures, USD$375,000 from January 2024 debentures, and USD$2,000,000 from May 2024 debentures.

Following the conversion effective June 26, 2025, Mork Capital's ownership in NXT Energy increased from 16.0% to approximately 28.0% of outstanding shares. The conversion resulted in the issuance of 15,605,088 common shares, bringing Mork Capital's total shareholding to 30,526,321 shares.

NXT Energy Solutions (OTCQB:NSFDF) announced that MCAPM, LP and Michael P. Mork (Mork Capital) have converted their entire debenture holdings of US$3,375,000 into 15,605,088 common shares of the company. Following this conversion, Mork Capital's ownership has increased to approximately 30,526,321 common shares, representing 28.0% of NXT's total issued and outstanding common shares.

NXT Energy Solutions CEO Bruce G. Wilcox delivered remarks at the company's annual shareholder meeting, highlighting significant operational progress and strategic direction. The company is experiencing a nearly full calendar for 2025 and building pipeline for 2026, following their strategy of 'Frequency, Adjacency and Repeatability'. NXT has improved its interpretation capabilities through rehiring staff and is working on enhancing data delivery mechanisms. The company has seen substantial improvement in working capital and balance sheet strength following recent earnings and debenture conversion by their Strategic Partner. While cautioning against expecting quarter-over-quarter revenue growth, management aims for annual progress and is considering future expansion of resources including additional aircraft when financially viable.

NXT Energy Solutions Inc. held its Annual Meeting of Shareholders on June 2, 2025, where shareholders approved several key resolutions. Eight directors were elected with overwhelming support, each receiving over 99% approval. MNP LLP was unanimously appointed as the company's auditors. Shareholders also approved the Amended and Restated Stock Option Plan and the Deferred Share Unit Plan, both with 98.91% support. The meeting demonstrated strong shareholder alignment with management's proposals, with most resolutions passing with near-unanimous approval. Notable directors elected include Peter Mork, Theodore Patsellis, and Bruce G. Wilcox, among others.

NXT Energy Solutions Inc. announced that Ataraxia Capital has converted all of its debentures worth US$2.3 million into 13,540,208 common shares of the company. Following this conversion, Ataraxia now holds approximately 14.6% ownership stake in NXT. The company's CEO Bruce G. Wilcox expressed gratitude to Ataraxia's CEO Dr. Daere Akobo for his support during NXT's period of transformation, highlighting the significance of their strategic partnership.

NXT Energy Solutions reported strong Q1 2025 financial results, with significant revenue growth from their SFD® surveys. The company recorded SFD®-related revenues of $12.46 million in Q1-25, up from $0.60 million in Q1-24. Net income reached $7.68 million ($0.10 per basic share), compared to a net loss of $1.79 million in Q1-24. Cash flow from operating activities improved to $1.47 million, versus -$0.59 million in Q1-24. The company's net working capital improved to $0.61 million from -$6.68 million at year-end 2024. NXT secured a new contract with Synergy for an SFD® survey in Africa, scheduled to begin in Q3 2025, demonstrating continued business momentum.

NXT Energy Solutions (NSFDF) has secured a new contract to conduct an SFD® survey for an oil and gas exploration company in Africa, partnering with Synergy Exploration and Production Technologies Limited. The data acquisition phase is scheduled to begin in Q3 2025, with final interpretations and recommendations expected to be delivered to the client in Q4 2025. Synergy, an affiliate of Ataraxia Capital (which holds convertible debentures in NXT), will collaborate with NXT's exploration team to execute the contract.

NXT Energy Solutions (NSFDF) has released its financial results for the year ended December 31, 2024. The company reported a significant decline in revenue, with SFD®-related revenues dropping to $0.64 million in 2024 from $2.15 million in 2023. The company recorded a net loss of $9.08 million for the year.

Key operational highlights include new SFD® survey contracts in Africa, Southeast Asia, and Pakistan, with the African survey completed in January 2025. The company secured financing through convertible debentures totaling US$2.9 million from MCAPM, LP and Ataraxia Capital.

Financial position shows cash and short-term investments of $0.73 million and negative working capital of $6.68 million as of December 31, 2024. General and administrative expenses increased by 16% year-over-year. The company has extended its aircraft lease and reduced office space by 31%.