Earnings summaries and quarterly performance for HUSA.
Executive leadership at HUSA.
Board of directors at HUSA.
Research analysts covering HUSA.
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Abundia Global Impact Group Secures Expanded Technology Rights for U.S. Plastics Recycling
HUSA
New Projects/Investments
Revenue Acceleration/Inflection
- Abundia Global Impact Group, Inc. has secured additional rights to Alterra Energy’s Advanced Recycling technology, allowing it to develop two more plastics recycling sites in the United States.
- Each new site has the potential to convert up to 160,000 tons of waste plastic per year into approximately 105,000 tons of high-value renewable fuel and chemical product.
- This expansion could generate over $200 million in revenue annually per site at today's prices, adding up to 320,000 tons per year of waste plastic processing capacity in the U.S..
Dec 15, 2025, 1:30 PM
Houston American Energy Corp. Announces Planned Name and Ticker Change
HUSA
M&A
New Projects/Investments
- Houston American Energy Corp. (HUSA) announced a planned name change to Abundia Global Impact Group Inc. and a ticker symbol change to AGIG on the NYSE American, effective on or about December 8, 2025.
- This strategic rebranding reflects the company's new focus on sustainable fuels and energy transition technologies, following its acquisition of Abundia Global Impact Group LLC in July 2025.
- The company will now concentrate on developing technologies to convert waste plastics and other renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products.
Nov 25, 2025, 1:35 PM
Houston American Energy Corp. Announces $8.0 Million Registered Direct Offering
HUSA
New Projects/Investments
- Houston American Energy Corp. announced a registered direct offering of 2,285,715 shares of common stock at a purchase price of $3.50 per share.
- The offering is expected to result in gross proceeds of approximately $8.0 million.
- The company intends to use the net proceeds to advance the development of its planned plastic recycling facility, as well as for working capital and other general corporate purposes.
- The closing of the offering is anticipated to occur on or about November 21, 2025.
- In addition to the capital raise, the company recently announced a debt restructuring agreement with its largest strategic investor, which strengthened its capital structure.
Nov 21, 2025, 9:05 PM
Houston American Energy Corp. Announces Debt Restructuring
HUSA
Debt Issuance
New Projects/Investments
- Bower Family Holdings, LLC (BFH), a significant stockholder of Houston American Energy Corp. (HUSA), acquired a majority of the senior secured convertible note that was originally used to finance the purchase of the Company’s Cedar Port property.
- In connection with this acquisition, BFH agreed not to convert any portion of the outstanding principal or accrued and unpaid interest, which enhances HUSA's balance sheet and provides improved financial flexibility.
- This transaction demonstrates BFH’s continued confidence in HUSA’s strategic direction and its commitment to supporting the Company’s transition toward circular fuels and sustainable energy solutions.
Nov 12, 2025, 6:50 PM
Houston American Energy Corp. Reports Preliminary Q3 2025 Financial Results and Strategic Developments
HUSA
Earnings
M&A
New Projects/Investments
- Houston American Energy Corp. announced preliminary, unaudited financial results for the third quarter ended September 30, 2025, reporting total operating expenses of approximately $3.8 million, cash and cash equivalents of approximately $1.5 million, and debt of approximately $11.0 million.
- The increase in operating expenses by $2.7 million compared to Q2 2025 reflects the operating costs of the combined organization following the acquisition on July 1, 2025, as well as additional integration costs.
- The company completed the acquisition of Abundia Global Impact Group (AGIG) in July 2025, marking a strategic expansion into converting waste plastics into low-carbon fuels and chemical feedstocks.
- Key operational developments during Q3 2025 included the completion of the acquisition of a 25-acre site in Cedar Port, Baytown, TX, breaking ground on the AGIG Innovation Hub and R&D Center at Cedar Port, and the establishment of a new Board of Directors to support the transition into low-carbon fuels and chemicals.
| Metric | Q3 2025 |
|---|---|
| Total Operating Expenses ($USD Millions) | $3.8 |
| Cash and Cash Equivalents ($USD Millions) | $1.5 |
| Goodwill ($USD Millions) | $13.0 |
| Land Asset ($USD Millions) | $8.6 |
| Debt ($USD Millions) | $11.0 |
Nov 10, 2025, 1:45 PM
Houston American Energy Reports Preliminary Q3 2025 Results
HUSA
Earnings
M&A
New Projects/Investments
- Houston American Energy Corp. (HUSA) announced preliminary, unaudited financial results for the third quarter ended September 30, 2025.
- Preliminary total operating expenses for Q3 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to the second quarter 2025, reflecting operating costs from the acquisition of Abundia Global Impact Group (AGIG) on July 1, 2025, and integration efforts.
- Key preliminary balance sheet figures as of September 30, 2025, include cash and cash equivalents of approximately $1.5 million, goodwill of approximately $13.0 million, a land asset of approximately $8.6 million, and debt of approximately $11.0 million.
- The company's strategic expansion into low-carbon fuels and chemicals includes the acquisition of AGIG, completion of a 25-acre site acquisition in Cedar Port, Baytown, TX, and breaking ground on the AGIG Innovation Hub and R&D Center.
Nov 10, 2025, 1:30 PM
Houston American Energy Signs Agreement for Biofuel and SAF Development
HUSA
New Projects/Investments
- Houston American Energy Corp. (HUSA) and its wholly owned subsidiary, Abundia Global Impact Group, LLC (AGIG), have executed a binding Term Sheet with BTG Bioliquids B.V. to develop biomass-to-liquid fuels and Sustainable Aviation Fuel (SAF) projects.
- The collaboration will integrate BTG Bioliquids' proprietary fast pyrolysis technology to produce Fast Pyrolysis Bio-Oil (FPBO) from woody biomass waste streams, which HUSA intends to upgrade into high-value biofuels and SAF.
- HUSA plans to optimize the upgrading process at its Cedar Port site in Baytown, Texas, to serve as the foundation for commercial demonstration and future deployment.
- This partnership advances HUSA and AGIG's biofuels division, aligning with HUSA's strategy to develop a diversified renewable-fuels platform that converts waste and biomass into low-carbon fuels.
Oct 21, 2025, 12:30 PM
Houston American Energy Corp. to Host Investor Fireside Chat
HUSA
M&A
New Projects/Investments
- Houston American Energy Corp. (HUSA) will host its inaugural investor fireside chat on September 17, 2025, at 2:00 p.m. ET.
- The event will feature HUSA's CEO, Ed Gillespie, and will detail the company's transformation into a diversified energy platform.
- This marks the first public investor dialogue since HUSA's strategic acquisition of Abundia Global Impact Group (AGIG) in July 2025, which specializes in converting waste plastics into low-carbon fuels.
- Key topics for discussion include the acquisition of a strategic development site in Baytown, Texas, and key technology and licensing arrangements.
Sep 15, 2025, 8:14 PM
Houston American Energy Corp. to Host Investor Fireside Chat on Strategic Transformation
HUSA
M&A
New Projects/Investments
- Houston American Energy Corp. (HUSA) will host its inaugural investor fireside chat on September 17, 2025, at 10:00 a.m. ET, in partnership with Water Tower Research.
- The event will detail the company's transformation into a diversified energy platform following its strategic acquisition of Abundia Global Impact Group (AGIG) in July 2025.
- HUSA's CEO, Ed Gillespie, will discuss the vision for Abundia, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks.
- Key foundational milestones to be covered include the acquisition of a strategic development site in Baytown, Texas, key technology and licensing arrangements, and front-end engineering studies.
Sep 15, 2025, 12:30 PM
HOUSTON AMERICAN ENERGY CORP. Stockholders Approve Equity Plan, Financing, and Board Declassification
HUSA
Proxy Vote Outcomes
Executive Compensation
Debt Issuance
- HOUSTON AMERICAN ENERGY CORP. (HUSA) stockholders, representing approximately 90.6% of voting power, approved several key items via written consent on September 8, 2025.
- The approved 2025 Equity Incentive Plan authorizes the issuance of up to 750,000 shares of Common Stock and includes contingent grants to named directors and officers, such as 40,000 shares for Peter Longo and 56,000 shares for Robert Bailey. This plan is expected to become effective on October 9, 2025.
- Stockholders also approved the issuance of shares related to a committed equity financing facility (ELOC Purchase Agreement) for up to $100,000,000 and a convertible note financing for $5,434,783, both requiring stockholder approval under NYSE American rules.
- An amendment to declassify the Board of Directors was approved, which will result in all directors being up for annual election starting from the 2025 annual meeting.
Sep 11, 2025, 8:53 PM
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