Houston Natural Resources Corp (HNRC)

[Denn55]

Houston Natural Resources Corp Raises its Revenue Guidance for 2022

share:

Share on FacebookTweet on TwitterPost to Reddit

August 31, 2022 - 10:00 am

Issues Dividend Policy Update

HOUSTON, Aug. 31, 2022 -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it expects to report strong results for the remainder of 2022, projecting $20 million in revenue and $10m in EBITDA for the year ending December 31,2022. The third quarter is projected to be $5 million in revenue and $2.5m in EBITDA. The nine months through September 30, 2022, is projected to be $13m in revenue and $7m in EBITDA. The increase is due to an increase in revenues from its portfolio companies.