The Company is an independent public reporting energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Torchlight Energy, Inc. • Hudspeth Oil Corporation • Torchlight Hazel, LLC • Wolfbone Investments, LLC • Hudspeth Operating, LLC • Wildcat Cowboy, LLC • Wildcat Packer, LLC • Wildcat Panther, LLC • Wildcat Valentine, LLC ...
IRS number
872538731
Latest filings (excl ownership)
8-K
Next Bridge Hydrocarbons Announces Texas University Lands System Decision
8 Oct 24
S-1/A
IPO registration (amended)
27 Aug 24
10-Q
2024 Q2
Quarterly report
14 Aug 24
10-Q
2024 Q1
Quarterly report
31 Jul 24
10-K
2023 FY
Annual report
17 Jul 24
NT 10-Q
Notice of late quarterly filing
15 May 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Departure of Directors or Certain Officers
27 Mar 24
8-A12G
Registration of securities
25 Mar 24
8-K
Departure of Directors or Certain Officers
14 Mar 24
Financial summary
| Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 23 | Dec 22 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm | 1.13 mm |
| Cash burn (monthly) | 347.01 k | (no burn) | 314.98 k | 2.88 mm | 339.92 k | 342.73 k |
| Cash used (since last report) | 1.40 mm | n/a | 1.27 mm | 11.60 mm | 1.37 mm | 1.38 mm |
| Cash remaining | -265.52 k | n/a | -136.38 k | -10.47 mm | -236.91 k | -248.26 k |
| Runway (months of cash) | -0.8 | n/a | -0.4 | -3.6 | -0.7 | -0.7 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 Jul 23 | Robert Lance Cook | Director Stock Options Common Stock | Grant | Acquire A | No | No | 1.2056 | 209,577 | 252.67 k | 622,077 |
| 18 Jul 23 | Lucas Hawkins | Employee Stock Options Common Stock | Grant | Acquire A | No | No | 1.2056 | 833,587 | 1.00 mm | 2,488,309 |
| 18 Jul 23 | Delvina Oelkers | Employee Stock Options Common Stock | Grant | Acquire A | No | No | 1.2056 | 2,500,762 | 3.01 mm | 7,464,929 |
| 18 Jul 23 | Mia Pitts | Director Stock Options Common Stock | Grant | Acquire A | No | No | 1.2056 | 209,577 | 252.67 k | 622,077 |
| 18 Jul 23 | Kristin Whitley | Director Stock Options Common Stock | Grant | Acquire A | No | No | 1.2056 | 209,577 | 252.67 k | 622,077 |