Prediction: These 3 High-Yield Oil Companies Just Secretly Moved to Secure Their Dividends

NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year

Globe and Mail

a minute ago

Globe and Mail

NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year

Record-Breaking Growth Highlights Execution of Integrated Energy Infrastructure Strategy Strong Operational Metrics Drive 189% Gross Profit Growth as Multi-Revenue Platform Scales MIAMI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced financial results for the second quarter ended June 30, 2025, and provided a strategic update on its technology roadmap and growth trajectory. Selected Financial & Operational Highlights Metric Q2 2025 (unaudited) Q2 2024 (unaudited) Revenue $19.7M $7.4M Gross Profit $1.6M $547K Loss from Operations $30.8M 1 $2.6M Net Loss $36.1M $5.6M "We delivered another exceptional quarter with 166% revenue growth, demonstrating the power of our integrated energy platform and the strong market demand for our solutions," said Michael D. Farkas, CEO of NextNRG. "With record-setting fuel volumes, expanding margins, and successful execution of our multi-state expansion strategy, our core operations continue to exceed expectations. At the same time, we are advancing the next phase of our integrated energy strategy, with smart microgrid deployments and wireless EV charging programs progressing toward commercial launch.' For the quarter, NextNRG reported a net loss of $36.1 million, which included a $30.8 million operating loss. Of that, $25.5 million was a non-cash stock-based compensation expense tied to the launch of it's incentive program for employees and consultants — designed to attract and retain the talent needed to execute on the Company's long-term strategy. Excluding this charge, underlying performance shows continued improvement. Q2 2025 Strategic and Operational Highlights Strategic Partnership with Hudson Sustainable Group: Partnered with $13 billion renewable energy investor to accelerate U.S. energy infrastructure buildout, providing priority access to capital for NextNRG's expanding national pipeline of solar, battery, microgrid, and wireless EV charging projects. Oklahoma Market Expansion: Extended operations into seventh state with long-term agreement serving one of the nation's largest in-house fleet operators, establishing foundation for broader growth across the state. Enhanced Enterprise Partnerships: Extended fueling services to Sunbelt Rentals in Texas, developing custom fleet portal and expanding direct-to-asset fuel delivery capabilities across rental branches and job sites Post-Q2 2025 Accomplishments Strategic Financial Restructuring: Completed comprehensive financial restructuring reducing monthly cash burn by approximately $1 million through debt conversion and strategic refinancing, dramatically improving cash flow position. Record Monthly Performance: Achieved seventh consecutive record month in July 2025 with preliminary revenue of $8.19 million, representing 236% year-over-year growth and the first time crossing $8 million in monthly revenue. Strategic Advisory Board Formation: Appointed Gary M. Goldfarb, global logistics authority and Chairman of World Trade Center Miami, as Chairman of newly formed Strategic Advisory Board to guide commercial and industrial facility expansion. Looking Ahead: Scaling the Energy Intelligence Grid NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams: Utility Operating System and Smart Microgrids: Deploying AI-driven grid management software and battery/solar microgrid systems through SaaS and power purchase agreements. Wireless EV Charging: Advancing from R&D to commercial pilots with industrial equipment operators, focusing on heavy machinery and fleet applications in logistics and construction sectors. Mobile Energy Logistics: Scaling across sectors with centralized scheduling and recurring site-level optimization. About NextNRG, Inc. NextNRG, Inc. (NextNRG) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem. At the core of NextNRG's strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities' energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives. NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG's innovative wireless EV charging solutions. To find out more visit: Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. 1 This figure includes a non-cash stock-based compensation expense of approximately $25.5 million in connection with the implementation of its stock incentive plan for employees and consultants. Management expects this to represent the most material charge of its kind and does not anticipate future expenses of this magnitude.

In critical North America oil hub, pipelines and uncertainty are shaping byelection

CBC

10 minutes ago

CBC

In critical North America oil hub, pipelines and uncertainty are shaping byelection

At first glance, the east-central Alberta town of Hardisty looks like many prairie communities. A semi-trailer rolls along a wide, open road beneath an expansive blue sky. An antique shop opens on the modest main street, drawing in treasure seekers for a chat and a quick barter. The popular local sports pub fills with locals ordering the daily special. Today, it's fried chicken and ribs. But just southeast of the town of about 600 residents, the landscape changes. Large tanks dot the horizon, holding millions of barrels of crude. Within Alberta's energy industry, everyone knows the name. This is the Hardisty Terminal, a critical hub in North America's oil and gas network. "If you want to get oil out of Western Canada, for the most part, almost all of it comes through Hardisty at some point," says Blake Moser, chair of the Hardisty and District Development Group. Inside the town limits, residents are proud to say that this infrastructure keeps the country's energy economy moving. At the same time, the town itself is grappling with a lack of services that threaten its sense of community amid a period of broader political uncertainty and rapid global change. Hardisty sits in the federal riding of Battle River-Crowfoot, where voters will head to the polls on Monday. While the town has an agricultural base, the oil industry dominates its economy and its politics. "Our energy sector is going to play a big role," says local realtor Connie Beringer of the upcoming election. 'Still getting by' Hardisty's fortunes flow with the pipelines and projects located outside its boundaries. When things are busy, restaurants and hotels fill up. When things slow down, so it goes for the town. Vince and Hayden Lehne, father and son, run Local Rentals & Septic Service, supplying equipment, water and septic services largely to oilfield and construction crews. There have been plenty of busy periods for the Lehnes, such as during the Line 3 pipeline replacement project. But over time, as projects started to slow down, so did activity on the streets of Hardisty. Some recent years have been more moderate, especially this past winter, when the phone largely went quiet. It's hard to put your finger on why that is. In Hayden's eyes, it could just be the way the world's going. Maybe everyone just wants to start getting away from oil and gas, he says. The father and son will congregate in the main office each morning to complete paperwork and dispatch equipment, but also to chat. Signs of the world changing are all around them. Some of it they find fascinating. "I'd say, our day-to-day in the mornings would be, sit here, talk about what crypto's doing," Hayden says. Much like the volatile, roller-coaster world of digital currencies, Local Rentals & Septic Service has ridden the wave of the boom-and-bust oil and gas industry's ups and downs. The shop was originally purchased by Vince's father, who began with small items like porta-potties before expanding into larger gear. Even at 79, he still comes in the shop daily, as does Vince's mother, who manages invoices and submits paperwork, all without taking a paycheque. Hayden joined the operation in 2017 after working as a journeyman welder. Now married with a young child, he handles much of the day-to-day work, including water, septic and equipment deliveries. "It's good," Vince says of having the whole family under one roof. He thinks for a moment. "Well, when it's good, it's really good," Vince says. "And then, when … let's say it's slow, it's kind of stressful, because now your whole family's [tied] into it, right?" Vince and Hayden share a sense of gratitude for what the industry has brought them, and the repeat clients they can count on. As it has always been, quiet times often give way to good times. That's playing out again, as the melt of a cold and unnerving winter has left behind brighter business prospects for summer. Still, those prospects don't erase the broader reality that the world is in a time of rapid change. While the sector is riding a wave of strong profits, much of it is being returned to shareholders rather than major expansions of operations. Government coffers continue to see significant contributions from the oil and gas sector in the form of royalties and taxes. However, among all sectors, it is Canada's single largest source of greenhouse gas emissions, responsible for about 30 per cent of the national total in 2023. When there are global shifts in oil and gas demand or when tariffs and inflation hit, the ripple effects reach Hardisty. "It's getting kind of harder to make a living," says Hayden. "But you know. Still getting by. Grateful for the things we do have." Ups and downs Gratitude is on the minds of the Lehnes, and it's obviously a message that has caught on among the small community. On a town sign in the middle of the community, a placard reads: "As summer winds down, let August be a month of gratitude." Over the past few years, officials say they've attracted new residents and businesses. Beringer, the local realtor, says the market was quite soft up until early spring this year. "We've seen about a 30 to 35 per cent increase in house sales, mostly people moving in from Ontario and B.C.," she says. Of course, the status of major projects, such as pipelines and rail infrastructure, significantly impact local business activity, says Wayne Jackson, the town's mayor. Political and economic uncertainty has slowed things down and has led to "one of the most uncertain times" the mayor has seen in his town. "The last few years, I've noticed the projects that are getting done are like … I see people working on what they have. They're not adding as much," he says. Service gaps frustrating Despite its central role in North America's energy network, Hardisty also faces rural service gaps that have become familiar all across the country. Its hospital operates with limited capacity. There's difficulty attracting medical professionals. And the local school has been closed for years. With the school's doors shut, kids start their days with long bus rides, heading out on the highway toward classrooms in Irma or Sedgewick. In winter, that can mean icy roads for big chunks of time before the first bell even rings. For all the pride they hold in their community and their industry, these issues are a lingering source of frustration for officials. "We have all of these hundreds of millions of dollars worth of product flowing through our back door," Jackson said. "It's truly bizarre to me that we don't have more attention." Without these basic services, some residents feel the town's future is at risk. "I feel really sorry for the young families that would probably move in here, that choose not to because of no education and health care," says Marilyn Devey, who's lived in the community for four decades. She believes these gaps deter young families: "They choose other communities." Pipelines and policy Moser, of the Hardisty and District Development Group, knows the maze of tanks and pipes that make up the Hardisty Terminal like the back of his hand. "As long as somebody's consuming, it'll always be moving through Hardisty. This facility, it's not going anywhere," he says. He wants to see someone elected in the upcoming byelection who can advocate for reduced barriers to market. In his view, that would benefit the entire country, including when it comes to additional royalties available for use by governments. "A lot of the large American companies, they don't have as much confidence in the oilsands, and developing some of these larger projects," he says. "That definitely impacts the amount of oil that we're able to move through here." Conservative Leader Pierre Poilievre, who is running in the Battle River-Crowfoot riding to regain a seat in the House of Commons, has frequently criticized federal oil and gas policy, recently promising to "legalize" pipelines through new legislation. At a candidates' forum in Camrose, Alta., on July 29, Poilievre said electing a leader of a political party as a local MP could "bring a very powerful megaphone" to local issues of a community. "For example, getting a pipeline built from Hardisty over to Prince Rupert or to Kitimat, that is a local issue that requires national leadership," he said. Other candidates in the riding have also voiced their support for pipelines. During the July 29 forum, Liberal candidate Darcy Spady said he was in support of Prime Minister Mark Carney's stated goal to build the strongest economy in the G7. "I think it's time we have pipelines that sell our oil and gas, and solid trading practices around the globe," Spady said. Conservative MP Damien Kurek resigned to allow Poilievre to run in the race, which includes more than 200 candidates, most of whom are part of a group of electoral reform advocates known as the Longest Ballot Committee. Mixed picture on main street On Hardisty's main street, the mood is mixed. On a recent Friday, many Hardisty storefronts stay shuttered until late morning. Some are closed entirely. Fred Stolz is one of the shop owners opening the doors. He operates Old Town Mercantile, which deals in antiques, sports memorabilia and novelty items. In the store, the walls are lined with vintage licence plates dating from 1929 to the late 1970s. The space also features collectibles like original Tonka toys, a 1905 cash register from an old Alberta pharmacy, antique china cabinets and survey equipment. "Anything that's cool, we sell," Stolz says. He attributes the closure of some shops in the area to the ebbs and flows in the economy. Unlike in a big city, people are only going out for dinner on certain occasions. It's the influx of people that makes things exciting, in Stolz's view. He's seen new businesses open in recent years, including a live theatre, but knows success means saving in good times to weather the slow ones. "Ebbs and flows, you know," he says. For Stolz, there's hope that a friendlier environment for oil and gas could draw more people to Hardisty, boosting local businesses and making key services like the school and hospital viable again. He sees population growth as essential to sustaining Hardisty's future. But no matter what happens, he says it's the small town's resilience that is its constant, not the swings or the political debate. "No matter how tough the times are," Stolz says, "people survive."

Pipelines, policy and uncertainty shape Alberta byelection in Hardisty's oil hub

CBC

32 minutes ago

CBC

Pipelines, policy and uncertainty shape Alberta byelection in Hardisty's oil hub

At first glance, the east-central Alberta town of Hardisty looks like many prairie communities. A semi-trailer rolls along a wide, open road beneath an expansive blue sky. An antique shop opens on the modest main street, drawing in treasure seekers for a chat and a quick barter. The popular local sports pub fills with locals ordering the daily special. Today, it's fried chicken and ribs. But just southeast of the town of about 600 residents, the landscape changes. Large tanks dot the horizon, holding millions of barrels of crude. Within Alberta's energy industry, everyone knows the name. This is the Hardisty Terminal, a critical hub in North America's oil and gas network. "If you want to get oil out of Western Canada, for the most part, almost all of it comes through Hardisty at some point," says Blake Moser, chair of the Hardisty and District Development Group. Inside the town limits, residents are proud to say that this infrastructure keeps the country's energy economy moving. At the same time, the town itself is grappling with a lack of services that threaten its sense of community amid a period of broader political uncertainty and rapid global change. Hardisty sits in the federal riding of Battle River-Crowfoot, where voters will head to the polls on Monday. While the town has an agricultural base, the oil industry dominates its economy and its politics. "Our energy sector is going to play a big role," says local realtor Connie Beringer of the upcoming election. 'Still getting by' Hardisty's fortunes flow with the pipelines and projects located outside its boundaries. When things are busy, restaurants and hotels fill up. When things slow down, so it goes for the town. Vince and Hayden Lehne, father and son, run Local Rentals & Septic Service, supplying equipment, water and septic services largely to oilfield and construction crews. There have been plenty of busy periods for the Lehnes, such as during the Line 3 pipeline replacement project. But over time, as projects started to slow down, so did activity on the streets of Hardisty. Some recent years have been more moderate, especially this past winter, when the phone largely went quiet. It's hard to put your finger on why that is. In Hayden's eyes, it could just be the way the world's going. Maybe everyone just wants to start getting away from oil and gas, he says. The father and son will congregate in the main office each morning to complete paperwork and dispatch equipment, but also to chat. Signs of the world changing are all around them. Some of it they find fascinating. "I'd say, our day-to-day in the mornings would be, sit here, talk about what crypto's doing," Hayden says. Much like the volatile, roller-coaster world of digital currencies, Local Rentals & Septic Service has ridden the wave of the boom-and-bust oil and gas industry's ups and downs. The shop was originally purchased by Vince's father, who began with small items like porta-potties before expanding into larger gear. Even at 79, he still comes in the shop daily, as does Vince's mother, who manages invoices and submits paperwork, all without taking a paycheque. Hayden joined the operation in 2017 after working as a journeyman welder. Now married with a young child, he handles much of the day-to-day work, including water, septic and equipment deliveries. "It's good," Vince says of having the whole family under one roof. He thinks for a moment. "Well, when it's good, it's really good," Vince says. "And then, when … let's say it's slow, it's kind of stressful, because now your whole family's [tied] into it, right?" Vince and Hayden share a sense of gratitude for what the industry has brought them, and the repeat clients they can count on. As it has always been, quiet times often give way to good times. That's playing out again, as the melt of a cold and unnerving winter has left behind brighter business prospects for summer. Still, those prospects don't erase the broader reality that the world is in a time of rapid change. While the sector is riding a wave of strong profits, much of it is being returned to shareholders rather than major expansions of operations. Government coffers continue to see significant contributions from the oil and gas sector in the form of royalties and taxes. However, among all sectors, it is Canada's single largest source of greenhouse gas emissions, responsible for about 30 per cent of the national total in 2023. When there are global shifts in oil and gas demand or when tariffs and inflation hit, the ripple effects reach Hardisty. "It's getting kind of harder to make a living," says Hayden. "But you know. Still getting by. Grateful for the things we do have." Ups and downs Gratitude is on the minds of the Lehnes, and it's obviously a message that has caught on among the small community. On a town sign in the middle of the community, a placard reads: "As summer winds down, let August be a month of gratitude." Over the past few years, officials say they've attracted new residents and businesses. Beringer, the local realtor, says the market was quite soft up until early spring this year. "We've seen about a 30 to 35 per cent increase in house sales, mostly people moving in from Ontario and B.C.," she says. Of course, the status of major projects, such as pipelines and rail infrastructure, significantly impact local business activity, says Wayne Jackson, the town's mayor. Political and economic uncertainty has slowed things down and has led to "one of the most uncertain times" the mayor has seen in his town. "The last few years, I've noticed the projects that are getting done are like … I see people working on what they have. They're not adding as much," he says. Service gaps frustrating Despite its central role in North America's energy network, Hardisty also faces rural service gaps that have become familiar all across the country. Its hospital operates with limited capacity. There's difficulty attracting medical professionals. And the local school has been closed for years. With the school's doors shut, kids start their days with long bus rides, heading out on the highway toward classrooms in Irma or Sedgewick. In winter, that can mean icy roads for big chunks of time before the first bell even rings. For all the pride they hold in their community and their industry, these issues are a lingering source of frustration for officials. "We have all of these hundreds of millions of dollars worth of product flowing through our back door," Jackson said. "It's truly bizarre to me that we don't have more attention." Without these basic services, some residents feel the town's future is at risk. "I feel really sorry for the young families that would probably move in here, that choose not to because of no education and health care," says Marilyn Devey, who's lived in the community for four decades. She believes these gaps deter young families: "They choose other communities." Pipelines and policy Moser, of the Hardisty and District Development Group, knows the maze of tanks and pipes that make up the Hardisty Terminal like the back of his hand. "As long as somebody's consuming, it'll always be moving through Hardisty. This facility, it's not going anywhere," he says. He wants to see someone elected in the upcoming byelection who can advocate for reduced barriers to market. In his view, that would benefit the entire country, including when it comes to additional royalties available for use by governments. "A lot of the large American companies, they don't have as much confidence in the oilsands, and developing some of these larger projects," he says. "That definitely impacts the amount of oil that we're able to move through here." Conservative Leader Pierre Poilievre, who is running in the Battle River-Crowfoot riding to regain a seat in the House of Commons, has frequently criticized federal oil and gas policy, recently promising to "legalize" pipelines through new legislation. At a candidates' forum in Camrose, Alta., on July 29, Poilievre said electing a leader of a political party as a local MP could "bring a very powerful megaphone" to local issues of a community. "For example, getting a pipeline built from Hardisty over to Prince Rupert or to Kitimat, that is a local issue that requires national leadership," he said. Other candidates in the riding have also voiced their support for pipelines. During the July 29 forum, Liberal candidate Darcy Spady said he was in support of Prime Minister Mark Carney's stated goal to build the strongest economy in the G7. "I think it's time we have pipelines that sell our oil and gas, and solid trading practices around the globe," Spady said. Conservative MP Damien Kurek resigned to allow Poilievre to run in the race, which includes more than 200 candidates, most of whom are part of a group of electoral reform advocates known as the Longest Ballot Committee. Mixed picture on main street On Hardisty's main street, the mood is mixed. On a recent Friday, many Hardisty storefronts stay shuttered until late morning. Some are closed entirely. Fred Stolz is one of the shop owners opening the doors. He operates Old Town Mercantile, which deals in antiques, sports memorabilia and novelty items. In the store, the walls are lined with vintage licence plates dating from 1929 to the late 1970s. The space also features collectibles like original Tonka toys, a 1905 cash register from an old Alberta pharmacy, antique china cabinets and survey equipment. "Anything that's cool, we sell," Stolz says. He attributes the closure of some shops in the area to the ebbs and flows in the economy. Unlike in a big city, people are only going out for dinner on certain occasions. It's the influx of people that makes things exciting, in Stolz's view. He's seen new businesses open in recent years, including a live theatre, but knows success means saving in good times to weather the slow ones. "Ebbs and flows, you know," he says. For Stolz, there's hope that a friendlier environment for oil and gas could draw more people to Hardisty, boosting local businesses and making key services like the school and hospital viable again. He sees population growth as essential to sustaining Hardisty's future. But no matter what happens, he says it's the small town's resilience that is its constant, not the swings or the political debate.

Prediction: These 3 High-Yield Oil Companies Just Secretly Moved to Secure Their Dividends

Hashtags

Try Our AI Features

Comments

Related Articles

NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year

In critical North America oil hub, pipelines and uncertainty are shaping byelection

Pipelines, policy and uncertainty shape Alberta byelection in Hardisty's oil hub

Prediction: These 3 High-Yield Oil Companies Just Secretly Moved to Secure Their Dividends

Hashtags

Try Our AI Features

Comments

Related Articles

NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year

In critical North America oil hub, pipelines and uncertainty are shaping byelection

Pipelines, policy and uncertainty shape Alberta byelection in Hardisty's oil hub

Get Started Now: Download the App