HNR Acquisition Corp
For the period ended Dec 31, 2023. Filed May 3, 2024.
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FY2023 · Filed May 3, 2024
EONR$0.26-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
| Successor · Predecessor | |||||
|---|---|---|---|---|---|
| November 15, 2023 to December 31, 2023 · January 1, 2023 to November 14, 2023 · Year Ended December 31, 2022 | |||||
| Revenues | |||||
| Crude oil | $2,513,197 | $22,856,521 | $37,982,367 | ||
| Natural gas and natural gas liquids | 70,918 | 809,553 | 1,959,411 | ||
| Gain (loss) on derivative instruments, net | 340,808 | 51,957 | (4,793,790) | ||
| Other revenue | 50,738 | 520,451 | 255,952 | ||
| Total revenues | 2,975,661 | 24,238,482 | 35,403,940 | ||
| Expenses | |||||
| Production taxes, transportation and processing | 226,062 | 2,117,800 | 3,484,477 | ||
| Lease operating | 1,453,367 | 8,692,752 | 8,418,739 | ||
| Depletion, depreciation and amortization | 352,127 | 1,497,749 | 1,613,402 | ||
| Accretion of asset retirement obligations | 11,062 | 848,040 | 1,575,296 | ||
| General and administrative | 3,553,117 | 3,700,267 | 2,953,202 | ||
| Acquisition costs | 9,999,860 | - | - | ||
| Total expenses | 15,595,595 | 16,856,608 | 18,045,116 | ||
| Operating income (loss) | (12,619,934) | 7,381,874 | 17,358,824 | ||
| Other Income (expenses) | |||||
| Net loss on asset sales and impairment | - | (816,011) | - | ||
| Change in fair value of warrant liability | 187,704 | - | - | ||
| Change in fair value of forward purchase agreement liability | 3,268,581 | - | - | ||
| Amortization of debt discount | (1,191,553) | - | - | ||
| Interest expense | (1,043,312) | (1,834,208) | (1,076,060) | ||
| Interest income | 6,736 | 313,401 | - | ||
| Insurance policy recovery | - | - | 2,000,000 | ||
| Other Income (expense) | 2,937 | (74,193) | 13,238 | ||
| Total other income (expenses) | 1,231,093 | (2,411,011) | 937,178 | ||
| Income (loss) before income taxes | (11,388,841) | 4,970,863 | 18,296,002 | ||
| Income tax provision | 2,387,639 | - | - | ||
| Net income (loss) | (9,001,202) | 4,970,863 | 18,296,002 | ||
| Net income (loss) attributable to noncontrolling interests | - | - | - | ||
| Net income (loss) attributable to HNR Acquisition Corp. | $(9,001,202) | $4,970,863 | $18,296,002 | ||
| Weighted average share outstanding, common stock - basic and diluted | 5,235,131 | - | - | ||
| Net income (loss) per share of common stock – basic and diluted | $(1.72) | $ | - | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.