N
New ERA Energy & Digital, Inc.
NUAICIK 0002028336NasdaqEmerging GrowthCrude Petroleum & Natural GasNevadaFY ends Dec 31
Period
FY 2025
Revenue
$885.4K
Net Income
$-29.59M
Total Assets
$14.14M
Equity
$-2.61M
Shares Out
56.78M
Op. Cash Flow
$-11.70M
Business
New ERA Energy & Digital, Inc. is an exploration and production company focused on extracting helium, natural gas, oil and natural gas liquids from its acreage in Southeast New Mexico. It produces raw natural gas and associated helium and NGLs, operates gas processing and helium tolling arrangements, and plans to operate its own Pecos Slope processing plant to process and market helium and gas. The company operates through Solis Partners (helium and associated hydrocarbon production) and NEH Midstream (Pecos Slope Plant, gathering, offtake and tolling agreements). It distributes product domestically to Helium Majors, Tier 2 gas companies, balloon gas distributors and liquefaction/tolling service providers, supported by sales agreements with industry purchasers.
Summary from filing dated 2025-03-31
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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