American Environmental Partners, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 30, 2023 at 04:30 pm EST
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American Environmental Partners, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 6.72 million compared to USD 8.52 million a year ago. Net loss was USD 2.08 million compared to net income of USD 0.889849 million a year ago.
For the nine months, revenue was USD 19.09 million compared to USD 15.57 million a year ago. Net loss was USD 14.05 million compared to USD 0.689511 million a year ago. Basic loss per share from continuing operations was USD 0.04.
American Environmental Partners, Inc., formerly American Energy Partners, Inc., is a conglomerate holding company. The Company is engaged in the acquisition and growth of environmental services. Its subsidiaries include Unlimited Energy Services, LLC, Austin Master Services, Apex Energy Services, and Hydration Company of Pennsylvania, LLC. Unlimited Energy Services, LLC is an energy service company that focuses on reducing the environmental footprint of energy assets through the operations and the decommissioning and reclamation of oil and gas wells. Austin Master Services is a comprehensive environmental services company specializing in radioactive and mixed waste management solutions. Apex Energy Services provides well-site environmental services to upstream energy companies in Western Pennsylvania, Eastern Ohio, and Northern West Virginia. Hydration Company of Pennsylvania, LLC is engaged in the businesses of water exploration and water augmentation.