- US Energy Sector Outperformed the Overall US Market +32.53% vs. -6.81%
- The Top Performing Sub-Industries include Integrated Oil and Gas (36.95%), Coal & Consumable Fuels (36.56%), and Oil and Gas Exploration and Production (36.22%).
- Viking Energy Group (OTCMKTS: VKIN), Southwestern Energy (NYSE: SWN), Gevo Inc. (NASDAQ: GEVO) and Ocean Power Technologies (NYSE:OPTT) Made Highlights in Q1
NAPLES, Fla., April 04, 2022 (GLOBE NEWSWIRE) -- CapitalGainsReport.com, a website highlighting emerging small-cap equities, reports first-quarter highlights from the US Energy Sector. The sector outperformed the overall markets +32.53% vs. -6.81%.
Viking Energy Group, Inc. (OTCMKTS:VKIN) announced two new acquisitions to add to a growing portfolio of diversified energy assets. VKIN’s new assets include Medical & Bio-Hazard Waste Treatment Technology and Electric Transmission & Open Conductor Technologies. The acquisitions add to Viking’s already diverse holdings which include oil & gas interests, carbon capture technology, and a renewable green biodiesel production facility. The company’s fiscal Q1 earnings have not been announced yet.
Southwestern Energy (NYSE: SWN) announced Q4 & FY 2021 results and 2022 Q1 & FY guidance in February. Simply Wall St. forecast SWN to post earnings per share of US$1.25 next year compared to a net loss per share of US$0.032 last year.
Gevo Inc. (NASDAQ: GEVO) signed a “take-or-pay” agreement with Delta Air Lines, Inc. (NYSE: DAL) to supply 75 million gallons of sustainable aviation fuel (SAF) per year for seven years.
Ocean Power Technologies (NYSE:OPTT) announced its revenues grew 53% to $484,000 in the third quarter of Fiscal Year 2022 compared to $317,000 for the third quarter of Fiscal Year 2021, driven by MAR and the growth of Strategic Consulting Services.
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