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Houston Natural Resources corp is a diversified holding company with business operations and investments. It is dedicated to increasing stockholder value through developing natural resources with state-of-the-art innovative technologies in tandem with oil field waste disposal and recycling that are environmentally safe and socially responsible.

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Cunningham Natural Resources Corp > HNRC REPORTS Q1 2024 FINANCIALS PERIOD ENDING MARCH 31, 2024

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Post by AveragePenny on May 15, 2024 8:56am

HNRC REPORTS Q1 2024 FINANCIALS PERIOD ENDING MARCH 31, 2024

Consistent Growth Reported in Revenue and Operating Earnings

HOUSTON, May 15, 2024 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNRC or the Company") announced today results for the quarter ending March 31, 2024.

Financial Results: Q1 2024 Ending March 31, 2024, vs Q1 2023 Ending March 31, 2023

Total revenue for three months was $4,292,940 vs $4,178,580, an increase of 2.7%.
Total earnings for three months were $2,736,961 vs $2,660,713, an increase of 2.8%.
Total assets for the period were $85,858,800 vs $92,839,255, a decrease of 7.5%.
The company recorded a net asset value (NAV) of $0.27 per share Q1 2024

The Company also disclosed that it has filed an application for Worldwide Diversified Holdings, Inc common shares to initially trade on the OTCQB market. After the initial listing the company intends on uplisting onto a major exchange and continuing business operations and pursuing acquisitions to add shareholder value.

https://www.prnewswire.com/news-releases/hnrc-reports-q1-2024-financials-period-ending-march-31-2024-302145717.html