![](https://investorshub.advfn.com/uicon/744391.png?cb=1589388964)
Sunday, February 27, 2022 8:27:26 AM
HNRC REPORTS RECORD RESULTS FOR PERIOD ENDING DECEMBER 31, 2021
Amended
Significant Growth Reported in Total Revenue (91%)
Significant Increase in Operating Earnings (157%)
PR Newswire
HOUSTON, Feb. 24, 2022
HOUSTON, Feb. 24, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today record results for the year ending December 31, 2021.
Financial Results: Twelve Months December 31, 2021 vs Twelve Months December 31, 2020
Total revenue for twelve months was $18,217,737 vs $9,523,634, an increase of 91%
Total earnings for twelve months were $7,636,830 vs $2,973,320, an increase of 157%
Total assets for twelve months were $74,251,027 vs $72,514,735, an increase of 2%
Earnings per share for twelve months was $0.35c vs $0.19c, an increase of 84%
The company has a net asset value of $3.46 per share as of December 31, 2021.
Frank Kristan, President of Houston Natural Resources Corp commented that:
"We are delighted that our growth is continuing with strong results for the year ending December 31,2022. The company's increase in revenues and earnings has been due to an increase in services it provides to its portfolio companies. The company sponsored a successful $86 million NYSE listing of an energy focused special purpose acquisition corporation this month. We anticipate consistent growth from revenue and profit in 2022. The company is evaluating sponsoring other energy focused special purpose acquisition corporations in addition to water treatment plants, oil and gas and other water treatment technology acquisitions."
About Houston Natural Resources Corp
Houston Natural Resources Corp (www.hnrcholdings.com) (OTC:HNRC). The company is a diversified holding company with business operations and investments. The portfolio companies include investments in energy, information technology and healthcare.
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
View original content:https://www.prnewswire.com/news-releases/hnrc-reports-record-results-for-period-ending-december-31-2021-301490080.html
Recent HNRC News
- HOUSTON NATURAL RESOURCES CORP UPDATES SHAREHOLDERS • InvestorsHub NewsWire • 10/05/2023 11:14:08 AM
- Will Shares Pop on News of a 10% Acquisition of this Copper Miner? • AllPennyStocks.com • 08/14/2023 01:40:00 PM
- HNRC ACQUIRES 100% INTEREST IN CUNNINGHAM ENERGY LLC Increasing HNRC's Net Asset Value $3.35 Per Share • InvestorsHub NewsWire • 07/12/2023 11:17:53 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM