Revenue: As of FY2026 Q1, the actual value is USD 802.35 K.EPS: As of FY2026 Q1, the actual value is USD -0.16.EBIT: As of FY2026 Q1, the actual value is USD -5.911 M.New Era Energy &amp; Digital, Inc. operates as a single operating and reportable segment, with financial performance assessed on a consolidated basis by the Chief Executive Officer.<h4>Segment Revenue</h4>Total revenues, net, for the three months ended March 31, 2026, were $802,353, an increase of 145.8% from $326,455 for the same period in 2025. Natural Gas Sales: Net natural gas revenue increased by $452,542, from $280,064 in Q1 2025 to $732,606 in Q1 2026, primarily due to a $379,000 increase from higher gas prices and a $74,000 increase from higher gas sales volumes. Net natural gas sales represented 91.3% of total revenue in Q1 2026, up from 85.8% in Q1 2025. Natural Gas Liquids (NGL) Sales: NGL revenue increased by $23,356, from $46,391 in Q1 2025 to $69,747 in Q1 2026, driven by a $38,000 increase in NGL sales volumes, partially offset by a $14,000 decrease in NGL prices. NGL sales represented 8.7% of total revenue in Q1 2026, down from 14.2% in Q1 2025. Oil Sales: There were no oil sales in either Q1 2026 or Q1 2025.<h4>Operational Metrics</h4><ul><li>Net Loss: The company reported a net loss of - $8,991,887 for the three months ended March 31, 2026, compared to a net loss of - $3,320,256 for the same period in 2025, representing a 170.8% increase in loss.</li><li>Loss from Operations: Loss from operations increased to - $7,607,947 in Q1 2026 from - $2,069,088 in Q1 2025, a 267.7% increase.</li><li>Total Costs and Expenses: Total costs and expenses rose to $8,410,300 in Q1 2026 from $2,395,543 in Q1 2025, an increase of 251.1%.<ul><li>Lease Operating Expenses: Increased by $35,573 to $296,053 in Q1 2026 from $260,480 in Q1 2025, mainly due to higher severance tax expense related to increased revenues.</li><li>Impairment Expense: Increased to $375,000 in Q1 2026 from $0 in Q1 2025, attributed to the impairment of a partially completed gas plant and a change in company strategy.</li><li>Depletion, Depreciation, Amortization, and Accretion: Increased by $176,451 to $374,860 in Q1 2026 from $198,409 in Q1 2025, primarily due to an $8,000 increase in accretion expense, a $38,000 increase in depletion expense from higher gas sales volumes, and an $8,000 increase in depreciation expenses from equipment purchases, partially offset by a $123,000 decrease in depletion rate.</li><li>General and Administrative Expenses: Increased by $5,427,733 to $7,364,387 in Q1 2026 from $1,936,654 in Q1 2025, largely due to increases in legal expenses ($2,587,000), stock compensation cost ($1,729,000), consulting and professional services ($737,000), public relations ($385,000), and travel costs ($143,000), partially offset by decreases in insurance costs ($100,000) and other expenses ($53,000).</li></ul></li><li>Other Income (Expenses): Total other income (expenses) was - $1,383,940 in Q1 2026, compared to - $1,251,168 in Q1 2025.<ul><li>Interest Income: Decreased by $3,794 to $11,586 in Q1 2026 from $15,380 in Q1 2025.</li><li>Interest Expense: Increased by $266,098 to - $1,708,220 in Q1 2026 from - $1,442,122 in Q1 2025, primarily due to a $1,673,000 increase in interest and debt discount on the Sharon AI convertible note, and a $32,000 increase from excise and withholding taxes, partially offset by decreases related to the ATW convertible note ($1,391,000) and the AirLife note ($43,000).</li><li>Change in fair value of derivative liability: Increased by $121,717 to $312,694 in Q1 2026 from $190,977 in Q1 2025, primarily due to a change in the fair value of the derivative associated with the Sharon AI note, partially offset by a change in the fair value of the derivative associated with the ATW convertible note which was paid off in December 2025.</li></ul></li></ul><h4>Cash Flow</h4><ul><li>Cash Used in Operating Activities: - $6,397,454 for the three months ended March 31, 2026, compared to - $2,830,194 for the same period in 2025.</li><li>Cash Used in Investing Activities: - $6,480,435 for the three months ended March 31, 2026, compared to - $677,547 for the same period in 2025.</li><li>Cash Provided by Financing Activities: $13,899,932 for the three months ended March 31, 2026, compared to $3,487,593 for the same period in 2025.</li></ul><h4>Unique Metrics</h4><ul><li>Stock-based compensation: $1,729,138 was recognized in Q1 2026. As of March 31, 2026, total unrecognized stock-based compensation expense related to unvested RSUs was $21,373,540, expected to be recognized over 3.86 years. Total unrecognized stock-based compensation expense related to unvested PSUs was $22,586,008, expected to be recognized over 3.85 years.</li><li>Asset Retirement Obligations (AROs): ARO liability was $12,627,122 as of March 31, 2026, up from $12,319,132 as of December 31, 2025. Accretion expense for AROs was $307,990 for Q1 2026.</li></ul><h4>Future Outlook and Strategy</h4>New Era Energy &amp; Digital, Inc. is pivoting from legacy natural gas operations to developing data center campuses for AI hyperscalers, with its flagship Texas Critical Data Centers (TCDC) project designed to support over 1 gigawatt of compute capacity with projected power delivery beginning as early as the end of 2027. The company anticipates requiring approximately $73.7 million over the next twelve months, including up to $50.0 million payable by June 30, 2026, related to outstanding financing arrangements, and expects to incur $10.0 million in general and administrative expenses and $3.9 million in other costs. Total capital expenditures to complete the flagship project could exceed $15 billion, with $50 million to $300 million expected in the next twelve months, funded through tenant prepayments, project-level debt financing, and strategic equity capital.

New Era Energy & Digital | 10-Q: FY2026 Q1 Revenue: USD 802.35 K