Summary by Moomoo AI
HNR Acquisition Corp (HNRA) has released its annual financial report, revealing key financial metrics and business developments. Financial Performance: The report indicates that HNRA experienced a net loss of $9,001,202 for the period from November 15, 2023, to December 31, 2023, compared to a net income of $4,970,863 for the period from January 1, 2023, to November 14, 2023, and a net income of $18,296,002 for the year ended December 31, 2022. The company's audit fees increased significantly from $107,117 in 2022 to $383,655 in 2023. Additionally, audit-related fees for financial accounting and reporting standards consultations were $241,844 in 2023, a slight decrease from $255,234 in 2022. Business Development: HNRA's business operations include the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. The company focuses on vertical development drilling and has...Show More