#United States #Q3 Financials #Cunningham Natural Resources #Charleston, West Virginia #Surya Oil & Gas Corp

Surya Oil & Gas Corp. Reports Financial Results for Q3 2025

Overview

On November 11, 2025, Surya Oil & Gas Corp. (formerly known as Cunningham Natural Resources Corp.) released its financial report for the third quarter ending September 30, 2025. This report provided insights into the company’s performance, revealing a significant shift in revenue and earnings compared to the same period last year.

Financial Results

Surya Oil & Gas Corp.'s financial performance for the third quarter indicated a notable decline: total revenue for the last three months was $1,399,275, a sharp decrease from $4,422,587 in Q3 2024. Similarly, total earnings plummeted to $493,072 from $2,526,559 in the same period of the prior year.

When looking at the total revenue for the nine months ending September 30, 2025, it amounted to $8,004,146, which is down from $13,094,326 for the first nine months of 2024. The total earnings over this period also reflected a downturn, with $2,526,559 recorded as compared to $8,764,980 in the previous year.

Furthermore, the total assets of the company decreased to $46,462,495, down from $73,163,474 in 2024. The net asset value per share for Q3 2025 was reported at $0.09.

Corporate Updates

Alongside the financial figures, Surya Oil & Gas Corp. announced several strategic updates that point towards an evolving business strategy:

1. Acquisition of Control by Worldwide Diversified Holdings, Inc. – The company has successfully taken control of American Lithium Minerals, Inc., which was a spin-off dividend from Surya. This acquisition is expected to enhance trading opportunities for the involved entities.

2. Joint Venture in Dubai – Surya Oil & Gas Corp. has entered into an exclusive joint venture agreement with a Dubai-based oil and gas firm. This partnership is geared towards leveraging trading licenses for crude oil and petrochemical commodities across the Middle East and North Africa (MENA) countries. The products targeted include crude oil, diesel, gas, and other oil gas commodities.

3. Recommencement of Field Operations – Operations have restarted on the company’s 34,000 acres in West Virginia, focusing on site development to optimize production from existing oil wells and facilitate future growth.

4. Change of Control Agreement – Surya Oil & Gas is also moving forward with a change of control agreement involving Aruna Holdings LLC, aimed at acquiring all Series A preferred shares along with associated financing commitments. The completion of these transactions is anticipated in the upcoming fourth quarter.

Future Outlook

Surya Oil & Gas Corp. is positioning itself as a forward-thinking player in the traditional oil and gas sector while making strategic investments in energy transitions. The company's proprietary Kubera™ AI technology is being utilized to identify potential reserves, furthering their operational efficiency.

With plans to resume production by early 2026, Surya Oil & Gas aims to prioritize sustainability and value creation globally. Aruna Holdings LLC, which owns an 80% stake in Surya, maintains a diverse portfolio that spans various sectors, including health, wellness, and alternative energy.

In conclusion, the latest financial results highlight both challenges and new opportunities for Surya Oil & Gas Corp. As the company navigates through its operational shifts, the recent strategic partnerships and joint ventures appear to be key in redefining its market presence and driving future growth.