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HNR Acquisition Corp | 10-Q: Quarterly report

HNR アクイジション | 10-Q:四半期報告書

SEC announcement ·  05/20 16:18
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HNR Acquisition Corp (HNRA) reported its financial performance for the quarter ended March 31, 2024. The company's revenue decreased by 58% year-over-year, primarily due to a 5% decrease in realized prices and a 24% decrease in production volumes, alongside derivative instrument losses of approximately $1.997 million. Operating expenses increased, with lease operating expenses rising to $3.123 million from $2.924 million in the previous year. General and administrative expenses also increased to $2.310 million, including stock-based compensation costs of $699,248. Interest expense for the quarter was $1.861 million, with an additional $813,181 attributed to the amortization of debt discount. The company's cash and cash equivalents stood at $3.363 million, of which $2.600 million is held in escrow. HNRA's working capital deficit was $24.264 million, raising substantial doubt about its ability to continue as a going concern. The company's future plans include improving profitability, maintaining active hedge positions, and potentially issuing additional shares of Class A common stock through a Common Stock Purchase Agreement with a maximum funding limit of $150 million, subject to SEC approval.
HNR Acquisition Corp (HNRA) reported its financial performance for the quarter ended March 31, 2024. The company's revenue decreased by 58% year-over-year, primarily due to a 5% decrease in realized prices and a 24% decrease in production volumes, alongside derivative instrument losses of approximately $1.997 million. Operating expenses increased, with lease operating expenses rising to $3.123 million from $2.924 million in the previous year. General and administrative expenses also increased to $2.310 million, including stock-based compensation costs of $699,248. Interest expense for the quarter was $1.861 million, with an additional $813,181 attributed to the amortization of debt discount. The company's cash and cash equivalents stood at $3.363 million, of which $2.600 million is held in escrow. HNRA's working capital deficit was $24.264 million, raising substantial doubt about its ability to continue as a going concern. The company's future plans include improving profitability, maintaining active hedge positions, and potentially issuing additional shares of Class A common stock through a Common Stock Purchase Agreement with a maximum funding limit of $150 million, subject to SEC approval.
HNRアクイジション社(HNRA)は、2024年3月31日に終了した四半期の財務業績を報告しました。同社の売上高は、実現価格が5%減少し、生産量が24%減少したために、派生金融商品の損失が約1.997百万ドルに上昇したことに主によるもので、前年比で58%減少しました。営業費用は増加し、前年の2.924百万ドルから、リース運営費用が3.123百万ドルに上昇しました。一般および管理費用も、699,248ドルの株式報酬費用を含む2.310百万ドルに増加しました。当期の利子費用は1.861百万ドルで、債務割引の償却費用が追加で813,181ドルとなりました。同社の現金及び現金同等物は3.363百万ドル...すべて展開
HNRアクイジション社(HNRA)は、2024年3月31日に終了した四半期の財務業績を報告しました。同社の売上高は、実現価格が5%減少し、生産量が24%減少したために、派生金融商品の損失が約1.997百万ドルに上昇したことに主によるもので、前年比で58%減少しました。営業費用は増加し、前年の2.924百万ドルから、リース運営費用が3.123百万ドルに上昇しました。一般および管理費用も、699,248ドルの株式報酬費用を含む2.310百万ドルに増加しました。当期の利子費用は1.861百万ドルで、債務割引の償却費用が追加で813,181ドルとなりました。同社の現金及び現金同等物は3.363百万ドルで、そのうち2.600百万ドルがエスクローに保持されています。HNRAの運転資本赤字は24.264百万ドルで、存続能力について疑問があがっています。同社の今後の計画は、収益性の向上、アクティブなヘッジポジションの維持、そして最大資金枠が1.5億ドルの普通株式買付契約を通じて追加株式を発行する可能性があることですが、SECの承認が必要です。
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