N
New ERA Energy & Digital, Inc.
Period
FY 2025
Revenue
$885.4K
Net Income
$-29.59M
Total Assets
$14.14M
Equity
$-2.61M
Shares Out
101.29M
Op. Cash Flow
$-11.70M
Business
New Era Energy & Digital, Inc. develops and operates data center campuses for artificial-intelligence hyperscalers, having pivoted from legacy natural-gas and helium exploration. The company offers Powered Shell solutions combining building structure, power, and cooling, and turnkey data center infrastructure. Its flagship project, Texas Critical Data Centers, is a 438-acre campus in Ector County designed to support over 1 gigawatt of compute capacity, leveraging proximity to natural gas pipelines and fiber networks in the Permian Basin.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Oil, natural gas, and product sales, net | 885,400 | 532,780 | — | |
| Total Revenues, Net | 885,400 | 532,780 | — | |
| Lease operating expenses | 1 | 1 | 1 | |
| Impairment expense | 12 | — | — | |
| Depletion, depreciation, amortization, and accretion | 910,579 | 890,372 | — | |
| General and administrative expenses | 11 | 11 | 5 | |
| Total costs and expenses | 25 | 13 | 7 | |
| Loss from operations | −25 | −13 | −291,706 | |
| Interest income | 135,741 | 50,951 | 46,437 | |
| Interest expense | −5 | −759,300 | −172,143 | |
| Change in fair value of derivative asset | −16,999 | — | — | |
| Change in fair value of derivative liability | 572,193 | — | — | |
| Loss on Debt Extinguishment | −577,008 | — | — | |
| Loss on investment in Joint Venture | −119,236 | — | — | |
| Other, net | −293,855 | 267,195 | −180,943 | |
| Total Other Income (Expenses) | −5 | −441,154 | −306,649 | |
| Loss before income taxes | −30 | −13 | −598,355 | |
| Provision for income taxes | — | −608,500 | 608,500 | |
| Net loss | −30 | −14 | 10,145 | |
| Net loss per share - basic (in Dollars per share) | −1.04 | −1.06 | 0 | |
| Net loss per share - diluted (in Dollars per share) | −1.04 | −1.06 | 0 | |
| Weighted average number of common shares outstanding, basic (in Shares) | 28 | 13 | 6 | |
| Weighted average number of common shares outstanding, diluted (in Shares) | 28 | 13 | 6 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 1 | 120,010 | — | |
| Accounts receivable, net | 941,068 | 851,304 | 835,173 | — | |
| Prepaid expenses and other current assets | 891,700 | 967,176 | 113,726 | — | |
| Related party receivable | 3 | — | — | — | |
| Restricted investments | 1 | 1 | 1 | — | |
| Total Current Assets | 7 | 4 | 2 | — | |
| Oil and natural gas properties, net | 3 | 790,093 | 941,691 | — | |
| Property and equipment, net | 116,774 | 4 | 4 | — | |
| Equity facility derivative asset | — | 16,999 | — | — | |
| Investment in Joint Venture | 4 | — | — | — | |
| Prepaid - non-current | 120,000 | 360,000 | — | — | |
| Total Assets | 14 | 9 | 7 | — | |
| Accounts payable | 1 | 2 | 1 | — | |
| Accrued liabilities | 691,159 | 319,327 | 259,131 | — | |
| Excise taxes payable | 1 | 1 | — | — | |
| Withholding taxes payable | 800,018 | 594,561 | — | — | |
| Share issuance liability | — | 423,750 | — | — | |
| Convertible note, net of discount - current | — | 2 | — | — | |
| Other current liabilities | 90,740 | 47,577 | — | — | |
| Total Current Liabilities | 4 | 7 | 3 | — | |
| Embedded derivative liability | — | 309,181 | — | — | |
| Asset retirement obligation | 12 | 2 | 2 | — | |
| Notes payable - non-current | — | 2 | 2 | — | |
| Total Liabilities | 17 | 11 | 7 | — | |
| Commitments and Contingencies (Note 15) | — | — | — | — | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued or outstanding as of December 31, 2025 and 2024 | — | — | — | — | |
| Common stock, $0.0001 par value, 245,000,000 shares authorized, 53,623,529 issued and 53,449,171 outstanding at December 31, 2025; 70,000,000 shares authorized, 13,165,152 issued and 12,990,794 shares outstanding at December 31, 2024 | 5,366 | 1,318 | 643 | — | |
| Treasury stock, 174,358 shares at December 31, 2025 and 2024 | −17 | −17 | — | — | |
| Additional Paid-in Capital | 41 | 12 | 517,843 | — | |
| Accumulated deficit | −43 | −14 | 10,145 | — | |
| Total Stockholders Equity (Deficit) | −3 | −2 | 528,631 | −4 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | 14 | 9 | 7 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depletion, depreciation, amortization, and accretion | 910,579 | 890,372 | — | |
| Amortization of right-to-use asset | — | 12,690 | — | |
| Loss on Debt Extinguishment | 577,008 | — | — | |
| Provision for credit losses | 399,659 | — | — | |
| Bad debt expense | 62,970 | — | −46,961 | |
| Loss on investment in Joint Venture | −119,236 | — | — | |
| Amortization of debt discount and debt issuance costs | 3 | 300,803 | — | |
| Accrued interest on note payable and other current liabilities | — | 267,686 | — | |
| Interest income on investments and notes receivable | −50,919 | −50,951 | — | |
| Stock based compensation | 975,672 | 7 | 2 | |
| Compensation - assignment of property | — | 166,449 | — | |
| Accounts receivable | −366,586 | −158,953 | 67,187 | |
| Prepaid and other current assets | 315,477 | −685,252 | −25,051 | |
| Accounts payable | −453,424 | 257,650 | −74,185 | |
| Accrued liabilities | 140,821 | −32,004 | −129,741 | |
| Deferred tax asset | — | 608,500 | — | |
| Excise tax payable | 247,208 | — | — | |
| Withholding tax payable | 205,457 | — | — | |
| Due to related parties | 23,646 | — | 367,797 | |
| Lease liability | — | −12,690 | — | |
| Asset retirement obligations settled | — | −28,087 | — | |
| Other liabilities current | 43,163 | 2,518 | −117,258 | |
| CASH USED IN OPERATING ACTIVITIES | −12 | −5 | −3 | |
| Investment in property, plant and equipment, net | −2 | −210,000 | −4 | |
| Investment in Joint Venture | −4 | — | — | |
| Investment in oil and natural gas properties | — | −323,054 | −394,796 | |
| CASH USED IN INVESTING ACTIVITIES | −5 | −533,054 | −1 | |
| Issuance of common stock | 24 | 12,000 | — | |
| Proceeds from bridge financing | — | 3 | — | |
| Proceeds from convertible note, net of transaction costs | 3 | — | — | |
| Repayment of convertible note | −4 | — | — | |
| Debt issuance costs | −84,183 | — | — | |
| Proceeds from reverse recapitalization | — | 5 | — | |
| Repayment of notes payable | −2 | — | −10,000 | |
| Proceeds from related party | 4 | — | 360,000 | |
| Repayment to related party | −4 | −875,417 | −160,000 | |
| Issuance of related party loan | −3 | — | — | |
| CASH USED IN FINANCING ACTIVITIES | 17 | 7 | 4 | |
| Change in cash and cash equivalents | 148,984 | 933,734 | 119,605 | |
| Cash paid for interest | 695,310 | 67,679 | 111,322 | |
| Debt converted to common stock | 4 | 4 | — | |
| Asset retirement obligations sold recorded as a reduction of oil and natural gas properties | — | 26,780 | 3 | |
| Revisions to asset retirement obligations | 10 | 435,067 | −497,407 | |
| Issuance of shares of common stock to advisors | — | 2 | — |
Filings
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Frequently asked questions
What is New ERA Energy & Digital, Inc.'s CIK number?
New ERA Energy & Digital, Inc.'s SEC CIK number is 0002028336 (2028336). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find New ERA Energy & Digital, Inc.'s SEC filings?
All of New ERA Energy & Digital, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.