HNR Acquisition Corp (HNRA) Financial Statements (2025 and earlier)

Company Profile

Business Address 3730 KIRBY DRIVE, SUITE 1200
HOUSTON, TX 77098
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
10/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0643,363 639813109
Cash and cash equivalents3,0643,363 639813109
Inventory, net of allowances, customer advances and progress billings2,0722,214    
Inventory2,0722,214    
Prepaid expense    50  
Derivative instruments and hedges, assets      
Other current assets54    
Other undisclosed current assets777662    
Total current assets:5,9186,243 689813109
Noncurrent Assets
Property, plant and equipment2020    
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment95,98194,006    
Derivative instruments and hedges      
Asset, held-in-trust    48,97448,10691,053
Deferred costs    150  
Total noncurrent assets:96,00194,026 49,12448,10691,053
TOTAL ASSETS:101,920100,269 49,81348,91991,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14,5166,829 1,5441,150722
Accounts payable8,6035,807    
Accrued liabilities5,9131,022 3521,150722
Other undisclosed accounts payable and accrued liabilities    1,192  
Debt9,7829,413    
Deferred compensation liability  1,250 1,800  
Derivative instruments and hedges, liabilities 9471,004    
Other liabilities646646    
Other undisclosed current liabilities12,58011,365 2,3342,0201,122
Total current liabilities:38,47130,507 5,6783,1701,844
Noncurrent Liabilities
Long-term debt and lease obligation30,13431,386    
Long-term debt, excluding current maturities30,13431,386    
Liabilities, other than long-term debt6,5346,732  2,5882,588
Deferred compensation liability, classified     2,5882,588
Asset retirement obligations978937    
Deferred income tax liabilities4,6144,731    
Other liabilities675675    
Derivative instruments and hedges, liabilities 267389    
Other undisclosed noncurrent liabilities 3155,626 2,4391,4601,041
Total noncurrent liabilities:36,98443,744 2,4394,0473,628
Total liabilities:75,45574,251 8,1167,2175,473
Temporary equity, carrying amount    48,59247,44890,803
Equity
Equity, attributable to parent, including:(6,942)(7,388) (6,896)(5,746)(5,113)
Common stock    000
Additional paid in capital17,50817,017    
Accumulated deficit(24,450)(24,406) (6,896)(5,747)(5,114)
Other undisclosed equity, attributable to parent11    
Equity, attributable to noncontrolling interest33,40633,406    
Total equity:26,46526,019 (6,896)(5,746)(5,113)
TOTAL LIABILITIES AND EQUITY:101,920100,269 49,81348,91991,162

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
10/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues5,0613,283  22
Net investment income     22
Gross profit:5,0613,283  22
Operating expenses(5,390)(6,371) (659)(665)(704)
Operating income (loss):(329)(3,088) (659)(662)(702)
Nonoperating income (expense)(656)(3,631) 64579715
Investment income, nonoperating1415 64(379)(213)
Interest and debt expense1,720  (90)  
Income (loss) from continuing operations before equity method investments, income taxes:734(6,719) (684)(83)13
Other undisclosed income (loss) from continuing operations before income taxes(1,720)     
Income (loss) from continuing operations before income taxes:(986)(6,719) (684)(83)13
Income tax expense (benefit)3481,432 206(147)(189)
Net loss:(638)(5,287) (479)(231)(176)
Other undisclosed net income (loss) attributable to parent    473(2)(2)
Net loss available to common stockholders, diluted:(638)(5,287) (5)(233)(178)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
10/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(638)(5,287) (479)(231)(176)
Comprehensive loss, net of tax, attributable to parent:(638)(5,287) (479)(231)(176)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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