HNRC - Houston Natural Resources provides Q1 and FY2022 outlook

Houston Natural Resources (HNRC +5.3%) expects $20M in revenue and $10M in EBITDA for FY2022. For Q1, the company expects revenue to be $5M and EBITDA of $2.5M. The company has historically been increasing revenues over the last three years due to increase in revenues from its portfolio companies and acquisitions. The company's revenues have increased by more than 91% Y/Y to $18.22M and net income increased by more than 157% to $7,636,830. The company's net assets have increased 2% to $74.25M over the last year. The company's net asset value is $3.46 per share for the period ending December 31, 2021. Recently it announced LOI to acquire Cunningham Energy, which would result in a significant increase in the company's assets for FY2022. The company is planning on applying for listing on the OTCQB in the second quarter. The company sponsored a successful $86M NYSE listing of an energy focused SPAC during 1Q22, which will result in a

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Houston Natural Resources provides Q1 and FY2022 outlook