Truleum(OTC) APHE

Alpha Energy, Inc. is an independent entity in the oil and gas sector, managing the full lifecycle of natural gas and crude oil resources across the United States. Founded in 2013 and based in Houston, Texas, the company focuses on securing new prospects, conducting exploratory work, and extracting reserves, with a notable stake in the Coral Project in Oklahoma.

Products and Services

• Exploration and production of natural gas and crude oil
• Development and marketing of oil and gas resources
• Management of the Coral Project covering 1,100 acres

Growth Outlook

• Recent quarterly revenue increased from $71,716 to $22,217
• Operating expenses have been consistently high, impacting profitability
• Strategic focus on expanding operations in the U.S. oil and gas market

Financial Highlights

• Latest quarterly revenue reported at $16,797
• Trailing twelve months (TTM) net income shows a loss of $634,000
• Current ratio stands at 0.12, indicating liquidity challenges

Alpha Energy, Inc. operates in a competitive industry, focusing on the exploration and production of oil and gas resources. The company has faced challenges in profitability, as indicated by recent financial results showing significant operating losses. Despite these hurdles, there is a strategic emphasis on growth and expansion within the U.S. market, particularly through the Coral Project. Investors may find interest in the company's potential for future development, although current financial metrics suggest a need for careful consideration.