HNRC REPORTS RECORD THIRD QUARTER
2021 FINANCIAL RESULTS
Significant Growth
Reported in Total Revenue (181%)
Significant
Increase in Operating Earnings (292%)
HOUSTON, TX -- November 12, 2021
-- InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNRC or the Company") announced record results for the
quarter ending September 30, 2021.
HNRC is a diversified holding company
that has two subsidiaries, Houston Natural Resources, Inc ("HNRI")
and Worldwide Diversified Holdings, Inc ("WDHI"). HNRI owns oil and
gas properties and a waste-water treatment plant
that is dedicated to increase
increasing stockholder value through recycling and remediation oil
services. WDHI has business operations that provide products &
services in the Information Technology & Healthcare
markets.
Financial Results: Nine Months
September 30 2021 vs Nine Months September 30, 2020
-
Total revenue for nine
months was $12,855,708 compared to $7,094,342, increase of
181%
-
Total earnings for nine
months were $6,307,247 compared to $2,153,149, increase of
292%
-
Total assets for nine
months were $73,698,571 compared to $72,400,934, increase of
1%
-
Earnings per share for
nine months was $0.34c compared to $0.17c, increase of
200%
-
The company has a net
asset value of $4.00 per share.
Financial Results: Q3 2021 vs Q3
2020
-
Total revenue Q3 2021 was
$1,991,208 compared to $771,352, an increase of 258%
-
Total earnings Q3 2021
was $12,855,708 compared to $7,094,342, an increase of
181%
Frank Kristan, President of Houston Natural Resources Corp
commented that: "We are delighted that our growth is continuing
with strong third quarter results. The company's increase in
revenues and earnings has been due to an increase in services it
provides to its portfolio companies with an increased volume of
business from wastewater treatment and disposal facility located in
Wilson County, Texas. This includes fee income from wastewater
disposal treatment provided to producers and increased oil sales
recovered from the wastewater treatment processing. We anticipate
consistent growth from revenue and profit in 2022. The company is
evaluating acquisitions of water treatment plants, oil and gas and
other technology acquisitions."
Recent Expansion
Highlights
HNRI has acquired approximately 2,800 acres of oil and gas
leases located in the Halff Oil Field in Crockett County, Texas
with proven and appraised reserves of $69 million and 83 oil wells
to be reworked. HNRI subsidiary HNR Oil Services LLC has appraised
assets of more than $7m. It recently completed financing for
additional equipment to double its capacity in 2022.
About Houston Natural Resources
Corp
Houston Natural Resources Corp (www.HoustonNaturalResources.com)
(OTC:HNRC).
The Company is dedicated to increasing shareholder value through
developing natural resources with state-of-the-art innovative
technologies in tandem with sustainable environmental services of
toxic oil field waste disposal and recycling that are
environmentally safe and socially responsible.
About
Worldwide
Diversified
Holdings,
Inc.
Worldwide Diversified Holdings,
Inc.(www.wdhinc.net).
The company is a diversified holding company with business operations and investments.
The portfolio companies include investments in information technology and
healthcare.
FORWARD-LOOKING
STATEMENTS:
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties.
Contact:
Houston Natural Resources Corp.
E-mail: frank@HoustonNaturalResources.com
Houston Texas USA.
