Azure Holding Group 1st Quarter Earnings Report

MIDLAND, February 5, 2025 (Newswire.com)
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Azure Holding Group Corp (OTC PINK:AZRH) today announced their 1 ^st Quarter earnings report for the 3 months ending November 30, 2024 is now viewable under the disclosures section of the company’s profile.

Our First Quarter was focused on growth by acquisition. Now that we have a clear plan for sustainable and continued growth of all of our acquired businesses, we can begin to work towards our business development initiatives. Working together, off of a strong 12 months in 2024 despite greater macro political forces that drove a lot uncertainty into the American markets, we are proud to announce a $30.0 Million revenue projection as guidance for the 12 months ending December 31, 2025 in the year ahead, not factoring the acquisition of Button Energy which we anticipate will add another $75.0 Million in revenue to our company on a consolidated basis for 2025.

January was not only a great month, but a reminder that our country and our industry is heading in the right direction. Confidence in our customer base with the Super Major Oil & Gas companies has never been stronger, and we are proud to serve American in leading the Fight against rising energy prices for the greater good of the American People, nationwide. Josh Watson and Josh Cohen

About Azure Holding Group

Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services and Construction, Oil & Gas Exploration & Production, and Oil & Gas Distribution. Azure Holding Group Corp. has completed Reverse Mergers with the following companies: American Industries, Freedom Well Testing, and CST Drilling Fluids. The Company has completed a Joint Venture with Coil Tubing Technologies. The Company is currently evaluating mergers with Button Energy, Bullzeye Wireline, Oil Field Services AI, and several other companies. The Company is currently evaluating a joint venture Drilling Program with Mountain V Oil & Gas.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Azures expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as estimate, project, predict, will, would, should, could, may, might, anticipate, plan, intend, believe, expect, aim, goal, target, objective, “commit,” “advance,” likely or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release unless an earlier date is specified. Unless legally required, Azure does not undertake any obligation to update, modify or withdraw any forward-looking statements as a result of new information, future events or otherwise.

Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Actual outcomes or results may differ from anticipated results, sometimes materially. Factors that could cause results to differ from those projected or assumed in any forward-looking statement include, but are not limited to: general economic conditions, including slowdowns and recessions, domestically or internationally; Azures indebtedness and other payment obligations, including the need to generate sufficient cash flows to fund operations; Azures ability to successfully monetize select assets and repay or refinance debt and the impact of changes in Azures credit ratings or future increases in interest rates; assumptions about energy markets; global and local commodity and commodity-futures pricing fluctuations and volatility; supply and demand considerations for, and the prices of, Azures products and services; actions by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries; results from operations and competitive conditions; future impairments of Azure’s proved and unproved oil and gas properties or equity investments, or write-downs of productive assets, causing charges to earnings; unexpected changes in costs; inflation, its impact on markets and economic activity and related monetary policy actions by governments in response to inflation; availability of capital resources, levels of capital expenditures and contractual obligations; the regulatory approval environment, including Azure’s ability to timely obtain or maintain permits or other government approvals, including those necessary for drilling and/or development projects; Azure’s ability to successfully complete, or any material delay of, field developments, expansion projects, capital expenditures, efficiency projects, acquisitions or divestitures; risks associated with acquisitions (including our anticipated acquisition of Button Energy), mergers and joint ventures, such as difficulties integrating businesses, uncertainty associated with financial projections, projected synergies, restructuring, increased costs and adverse tax consequences; uncertainties and liabilities associated with acquired and divested properties and businesses; uncertainties about the estimated quantities of oil, NGL and natural gas reserves; lower-than-expected production from development projects or acquisitions; Azures ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes and improve Azures competitiveness; exploration, drilling and other operational risks; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver Azures oil and natural gas and other processing and transportation considerations; volatility in the securities, capital or credit markets, including capital market disruptions and instability of financial institutions; government actions, war (including the Russia-Ukraine war and conflicts in the Middle East) and political conditions and events; health, safety and environmental (HSE) risks, costs and liability under existing or future federal, regional, state, provincial, tribal, local and international HSE laws, regulations and litigation (including related to climate change or remedial actions or assessments); legislative or regulatory changes, including changes relating to hydraulic fracturing or other oil and natural gas operations, retroactive royalty or production tax regimes, and deep-water and onshore drilling and permitting regulations; Azure’s ability to recognize intended benefits from its business strategies and initiatives, such as Azure’s low-carbon ventures businesses or announced greenhouse gas emissions reduction targets or net-zero goals; potential liability resulting from pending or future litigation, government investigations and other proceedings; disruption or interruption of production or manufacturing or facility damage due to accidents, chemical releases, labor unrest, weather, power outages, natural disasters, cyber-attacks, terrorist acts or insurgent activity; the scope and duration of global or regional health pandemics or epidemics, and actions taken by government authorities and other third parties in connection therewith; the creditworthiness and performance of Azure’s counterparties, including financial institutions, operating partners and other parties; failure of risk management; Azures ability to retain and hire key personnel; supply, transportation and labor constraints; reorganization or restructuring of Azures operations; changes in state, federal or international tax rates; and actions by third parties that are beyond Azure’s control.

SOURCE: Azure Holding Group Corp.

Source: Azure Holding Group Corp.