Top Line Revenue Growth Of 230% Could Become Next Major Catalyst For (AEPT) - Read Below Now
Game changing top line revenue news out of the AEPT camp this morning could become the next major catalyst for today's stock profile.
Read it now:
American Energy Partners, Inc. Announces Record 2019 Year End Guidance Top Line Revenue Growth Over 230%
ALLENTOWN, PA, March 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, announces today that we have completed a record year for the fiscal year 2019 year ending December 31 and are poised to continue growth through 2020 with little correlation to the overall market.
- Top line revenue grew by well over 230%
- Organic growth revitalized and above September guidance at +60%.
- Total assets grew by 68%.
- American Energy management cut its net operating loss by over 50%.
- American Energy’s ending cash balance increased by over 130%.
Exogenous factors contributing to economic slowdown in the oil and gas industry, as well as many other factors have not and for the foreseeable future should not affect American Energy. We have successfully insulated American Energy by focusing on the energy services sector, while still maintaining ownership of a small oil and gas well portfolio despite price volatility.
American Energy has a strong “Buy and Build” strategy for growth. Our strategic agenda has since completed the acquisition of both Hickman Geological Consulting, LLC and Oilfield Basics, LLC. Both acquisitions were immediately cash accretive and in line with our disciplined acquisition process.
We maintain a robust pipeline of potential targets. This pipeline is carefully selected to fit within our strategic pillars. Sellers must be accretive. We are not focused on turnarounds at the moment. Below are key highlights of the acquisition process:
- Sustainable Margins
- Recurring Revenues
- Quality Customers
- Strong Management
We insist on retaining existing management and sellers generally receive a combination of cash, stock, and notes plus performance-based incentives.
When asked for comment, American Energy CEO Brad Domitrovitsch stated, “Though we are certainly encouraged by the most recent KPI’s, we still see a great deal of work in the coming months. We have identified a pathway to profitability which can be summed up in four elements.” Mr. Domitrovitsch went on to describe this pathway to profitability and is paraphrased below:
- Deleveraging & Releveraging Balance Sheet
- Streamlining Corporate Overhead
- Enacting Operational Efficiencies & Controls
- Uplisting to OTCQB and Annual Audits
As a final remark, Mr. Domitrovitsch emphasized, “Although our share price and development KPIs are not where we would like them to be, I am convinced that we are on the right path to better growth over the coming months and years.”
American Energy’s 2019 annual financials will be posted to OTC Markets this month and within the 90-day allowance.
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
Read the full article here.
Because of this game-changing revenue news, you need to get past champ stock profile American Energy Partners, Inc. (AEPT) on your radar now.
American Energy Partners, Inc. and its group of companies are dedicated to delivering solutions wherever energy production and water meet technology. The company has positioned itself to benefit from above-favorable margins on each of its subsidiaries due to the synergy of the chain of revenues.
#1 AEPT Potential Catalyst - Recent Acquisition News
American Energy Partners, Inc. Signs Definitive Agreement for Acquisition of Oilfield Basics, LLC
ALLENTOWN, PA, Feb. 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, has agreed to acquire 100% of the membership units of Oilfield Basics, LLC (“Oilfield Basics”) in exchange for 1,000,000 shares of American Energy’s common shares equal to less than 1% of American Energy’s outstanding common stock. American Energy reserves the right to repurchase these common shares prior to any other third parties.
The transaction was approved by the Board of Directors after determining, in good faith, that the acquisition is in the best interests of American Energy. The acquisition will immediately contribute to top-line revenue that will be derived from an underserved segment of the oilfield services industry in which American Energy currently does not participate.
The addition of Oilfield Basics to American Energy’s group of subsidiaries expands American Energy’s services to an online educational platform that can derive growth through advertisements, podcasts, videos, and webinars that market to the energy industry.
This acquisition represents only one of a series of acquisitions planned for the future. This acquisition is a continuation of American Energy’s buy and build strategy. [...]
Josh Hickman, COO of American Energy, commented, “The opp. to acquire Oilfield Basics presented an excellent opp. for AEPT to increase our footprint in the energy sector. The Company’s core competency is marketing services through educational awareness. Oilfield Basics is a well-connected thought leader in this area and has just recently completed their 50th podcast. We at AEPT are looking forward to a great future with the Company.”
Derek Krieg, Co-Founder of Oilfield Basics, LLC also commented, “This company started with an entrepreneurial business competition during my time at Marietta College and over the few years it has been running, we have partnered with multiple companies and have created over 100 educational resources for our industry. Now as we join the AEPT family, I am confident that their guidance, network, and expertise will make Oilfield Basics an industry leader in the educational marketing space. I look forward to what the future will bring.”
Read the full press release here.