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Titan NRG, Inc. (OTC PINK:TTNN), a leader in downstream energy and transportation, has secured a significant 150,000-gallon propane contract with a southern Arizona reservation. The contract, awarded to a Titan NRG subsidiary, will be fulfilled over the next year. CEO Alex R. Majalca Jr. views this as a major milestone, highlighting the company's reputation for top-tier energy solutions and excellent service delivery.
This agreement represents a substantial leap forward in Titan NRG's business ventures and growth strategy. It demonstrates the company's capability to handle large-scale contracts and maintain strong partnerships, potentially opening doors for more significant projects in the future. Majalca expressed confidence in the team's ability to exceed expectations in fulfilling this contract.
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Titan NRG, Inc. (OTC: TTNN), a downstream energy and transportation holding company, reported gross revenues exceeding one million dollars in December. This achievement was attributed to record asset utilization and disruptions in supply chains, as noted by President Alex Majalca Jr. The company also initiated an employee ownership program, allowing employees to receive stock-based compensation and bonuses. This move aims to enhance productivity and ensure financial stability, with no need to sell stock for operational continuity.
Titan NRG, Inc. (OTC: TTNN) reported significant growth in its second quarter of fiscal 2022, with total revenues reaching $1,567,414, a 23% year-over-year increase in the trucking sector. The total receipts from customers were $2,009,180, and gross profits stood at $290,024. The company is exploring an acquisition of NRG Equipment, which may enhance assets and cost savings heading into 2023. Titan NRG operates across various energy sectors with extensive assets in transportation and propane services.
Titan NRG (OTC: TTNN) has secured a contract with AmeriGas to process one million gallons at their Tucson rail terminal, with a completion timeline of six weeks. NRG Rail will also have the first right for transportation services during this period. CEO Alex Majalca Jr. expressed optimism about the operational potential of the terminal, including future onsite storage. Additionally, Titan NRG has returned to Pink Current status with OTC Markets and aims to pursue an uplisting to the OTCQB and eventually to a national exchange.
Titan NRG, operating as a downstream energy and transportation holding company, announced strong first-quarter results for fiscal year 2022, highlighting an 84% year-over-year revenue increase in the trucking sector. The company reported total revenues of $1,808,254 and gross profits of $521,876. Furthermore, the cancellation of approximately 12,551,500 shares has been completed, which aims to benefit shareholders. CEO Alex Majalca Jr. expressed optimism about the company's organic growth opportunities amid a tighter specialized trucking market.