1st Nrg(OTC) FNRC

1st NRG Corp. is an energy company focused on the full lifecycle of natural gas assets in the United States. The company is engaged in exploration, development, production, and sales, with significant interests in Wyoming and Ohio.

Products and Services

• Exploration and production of natural gas assets
• Management of operational wells and drilling locations
• Sales of natural gas from various shale formations

Growth Outlook

• Possesses 42 operational wells in Wyoming's Powder River Basin
• Holds interests in 7,000 acres of shale formations in Ohio
• Potential for expansion with 2,821 acres of undeveloped land

Financial Highlights

• Recent quarterly revenue of $4.893 million, showing operational activity
• Trailing twelve months (TTM) net income margin of -14.81%, indicating ongoing challenges
• Current ratio of 0.027, reflecting liquidity concerns

1st NRG Corp. operates in the oil and gas exploration and production sector, primarily focusing on natural gas. The company has established a presence in key regions, particularly in Wyoming and Ohio, where it manages a portfolio of operational wells and undeveloped land. Despite facing financial challenges, including negative net income margins and liquidity issues, the company continues to explore growth opportunities through its existing assets. The recent quarterly revenue indicates that the company is actively engaged in its operations, which may appeal to investors looking for potential recovery and growth in the energy sector.