New Era Energy Revenue Falls 7.4% in Third Quarter to $147,674
Key Facts
New Era Energy & Digital reported net revenue of $147,674 in the third quarter of 2026, down 7.4% from $159,411 in the same period of 2025, according to its quarterly report filed with the U.S. Securities and Exchange Commission. The figures put the revenue decline at the center of the results for the three months ended September 30. The company also posted a net loss of $16,599,408 for the quarter, compared with a loss of $5,783,173 a year earlier. Basic and diluted loss per share was $0.15, versus $0.20 in the third quarter of 2025. The report presents a mixed picture, with quarterly revenue declining and the net loss widening, while reported loss per share fell on a year-over-year basis.
For the nine months ended September 30, revenue reached $698,758, compared with $694,980 in the corresponding period of 2025. The cumulative revenue trend therefore differed from the result for the quarter alone, with revenue remaining slightly above its year-earlier level from the start of the year through the end of September. But the net loss for the nine months rose to $47,866,007 from $12,709,433 in the same period a year earlier. The comparison indicates that the limited improvement in cumulative revenue coincided with a sharp increase in losses. The third-quarter result is part of this broader picture, but does not by itself capture the performance of the nine months.
Cash-flow data show greater operating pressure over the same period: the company used $19.0 million in cash in operating activities during the first nine months of 2026, compared with $7.2 million in the first nine months of 2025. That represents an increase in cash used from the corresponding period, as the company recorded a higher cumulative net loss. These figures put operating liquidity alongside revenue and losses in a reading of the report, without changing the fact that third-quarter revenue declined year over year. They also show that the comparison between the two nine-month periods includes a change in cash use that is not captured by the revenue figure alone. The available information did not provide details linking this change to any specific operating item.
To finance its activities, the company reported issuing 9,632,203 shares through its at-the-market offering program during the first nine months of 2026, generating gross proceeds of $60.0 million. A further $40.0 million remained available under the program as of September 30. These figures show that equity financing was one of the disclosed sources of liquidity during the period, alongside cash used in operating activities. Separately, an October disclosure said the company had agreed to a private placement targeting gross proceeds of approximately $64 million. The disclosure provided for the issuance of 23,272,727 shares at $2.75 per share, making the terms and size of the issuance part of the financing background following the third-quarter report, rather than evidence of the cause of the stock's movement in the November 12 session.
The Texas data center project is based on a power purchase agreement announced in September, which set a minimum of 200 megawatts and a maximum of 207 megawatts. The company said the power would be generated by a 1,180-megawatt natural gas-fired plant in Odessa, or supplied from other available sources or the ERCOT grid. The agreement provides a framework for future power supply to the project, but does not represent revenue recorded in the third-quarter results. The financial report figures therefore remain separate from the power contracted for the project, which was disclosed in September. As for the market, EL7 data showed NUAI shares closing at $2.33 on November 11, 2026, and did not include a price for November 12; accordingly, the available information contains no verified price for the session covered by the article.