Cunningham Natural Resources Corp CNRC

Houston Natural Resources Reports Q2 2023 Financials Period

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HOUSTON, Aug. 15, 2023 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today strong results for the second quarter ending June 30, 2023. 

Financial Results: Q2 2023 Ending June 30, 2023 vs Q2 2022 Ending June 30, 2022

• Total revenue for six months was $9,366,365 vs $8,687,641 increased 8%
• Total earnings for six months were $6,290,602 vs $5,526,987 increased 14%
• Earnings per share (EPS) for six months was $0.05 vs $0.04 increased 25%
• The company recorded a net asset value (NAV) of $0.25 per share Q2 2023

The Company announced it has completed the acquisition of 100% of Cunningham Energy and filed for a name and symbol change to Cunningham Natural Resources Corp. The company has announced that it will acquire an interest in an operating copper mine.

The Company also announced that during the period it has completed the company's corporate action to Spin-Off the Worldwide Diversified Holdings, Inc. (WDHI) assets. The trading of the WDHI shares will be subject to a registration statement being approved by the SEC.

https://www.prnewswire.com/news-releases/houston-natural-resources-reports-q2-2023-financials-period-ending-june-30-2023-301900609.html