New Era Energy & Digital Reports Third Quarter 2025 Financial Results
Company advances transition to vertically integrated AI infrastructure platform, strengthens balance sheet, and progresses multi-gigawatt development strategy
Quarter reflects deliberate shift from legacy energy operations to development-stage investments underpinning New Era’s AI infrastructure growth strategy
For the quarter ended September 30, 2025, New Era reported total revenue of
E. Will Gray II, CEO of New Era, commented: “This quarter represents the first full financial period since our strategic transformation for New Era, and it’s important for investors to understand the ‘why’ behind the numbers. The results you see today reflect a company in transition from a legacy helium and natural gas operator into a vertically integrated developer of AI-optimized digital infrastructure. The investments we are making across engineering, land aggregation, site preparation, and our Texas Critical Data Centers (TCDC) joint venture, are intentional and necessary steps in building the physical foundation for the next wave of AI and high-performance computing.”
“While legacy energy revenues are expected to wind down as we contemplate the divestiture process, these are not the metrics that define our future,” continued Gray. “Our operating expenses today represent the upfront engineering and development work required to bring large-scale powered land and powered-shell infrastructure to market—assets that, once built, offer long-duration, high-quality revenue streams through long-term leases, power sales, and joint-venture participation. The shift you are seeing in our financial profile is the beginning of that evolution.”
Gray added, “Equally important, we have taken decisive action to strengthen our capital structure. Over the past year, we eliminated all convertible debt and terminated our equity purchase facility agreement, steps that were essential to preparing the company for more traditional, institutional forms of financing. Major AI data center developments are typically funded off balance sheet at the project level, often in partnership with infrastructure funds, hyperscalers, and strategic investors. While some level of equity contribution from the parent company will be required, our objective is to ensure that the majority of development capital, particularly for powered shells and large-scale power systems, is raised at the asset level, minimizing dilution while maximizing long-term value.”
“New Era’s mission is to solve one of the largest bottlenecks in the AI economy: delivering reliable, scalable, energy-integrated digital infrastructure. The work we are doing today lays the foundation for a multi-gigawatt development platform capable of serving hyperscale AI demand for years to come. We are building deliberately, we are building with discipline, and we are building for a future where energy and compute are inseparable drivers of value,” concluded Gray.
About New Era Energy & Digital, Inc.
New Era Energy & Digital, Inc. (Nasdaq: NUAI) is a developer and operator of next-generation digital infrastructure and integrated power assets. With a growing portfolio of strategically located, vertically integrated resources including powered land and powered shells, the Company delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership, and future-proof its infrastructure investments. For more information, visit: www.newerainfra.ai, and follow New Era Energy & Digital on LinkedIn and X.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024). Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of
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Source: New Era Energy & Digital, Inc.
