Houston American Energy reports Q3 preliminary operating expenses of $3.8 million
Houston American Energy Corporation reported preliminary, unaudited total operating expenses of approximately $3.8 million for the third quarter of 2025, an increase of $2.7 million from the previous quarter, attributed to costs from the recent acquisition and integration activities. As of September 30, 2025, preliminary cash and cash equivalents were about $1.5 million, goodwill was approximately $13.0 million, land assets were around $8.6 million, and debt stood at roughly $11.0 million. Key business developments included the acquisition of a 25-acre site in Cedar Port, Baytown, Texas; the appointment of Nexus PMG as engineering and service provider for Abundia Global Impact Group's plastics recycling facility and innovation hub; initiation of the AGIG Innovation Hub and R&D Center; progress on biomass-to-liquid fuels and sustainable aviation fuel projects through a term sheet with BTG Bioliquids; and the establishment of a new board of directors following the acquisition of AGIG.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Houston American Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-021430), on November 10, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.