Houston Natural Resources Reports Q3 2024 Financials Period Ending September 30, 2024

HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Houston Natural Resources Corp. (OTC:HNRC) ("the Company") reported today Q3 2024 results, concluding on September 30, 2024, as compared to Q3 2023 ending on September 30, 2023.

Key Highlights for Nine Months Results: Q3 2024 Ending September 30, 2024 vs Q3 2023 Ending September 30, 2023

Total revenue was $13,094,326 for nine months in 2024, compared to $15,241,815 for nine months in 2023.

Total earnings for nine months in 2024 amounted to $8,764,980, compared to $8,871,912 for nine months in 2023.

Earnings per share (EPS) for nine months in 2024 was $0.02, compared to $0.02 for nine months in 2023.

The company achieved a net asset value (NAV) of $0.20c per share in Q3 2024.

Additionally, the company reported successful milestones including:

Acquisition of Cunningham Energy, LLC:

Achieved 100% ownership of Cunningham Energy, LLC.

An independent engineering firm assessed the Oil & Gas Assets of Cunningham Energy, determining an appraised value of $352 million as of December 31st, 2022, based on ...