TheStreetReports: Energy Oil & Gas Stocks on Radar: HNRC Houston Natural Resources Corporation (OTCMKTS:HNRC) - As the name suggests, Houston Natural Resources Corporation is involved in the oil and gas industry. However, it should be noted that the company is also focused on the creation of a diversified company.
Houston Natural Resources Corporation is also focused on developing natural resources with modern technologies to boost shareholder value. It has also worked on the development of oil field waste disposal and recycling for making its operations more environmentally responsible.
Last month on March 31, Houston Natural Resources Corporation announced that it had completed the acquisition of a 40% interest in Rhino Energy. Rhino Energy Pty Ltd is based out of Australia but its interests are in the oil and gas industry in North America.
The company's financial performance has also been strong and last month it reported strong financial results for the fiscal year that ended on December 31, 2022. Revenues stood at $20,516,899, which worked out to a rise of 12.6% from the $18,717,237 that it had generated in the previous fiscal year. Total earnings went up 25.5% in the same period to as much as $9,821,899. The earnings per share for the 12 months for Houston Natural Resources Corporation stood at $0.14 per share.
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