Company advances transition to vertically integrated AI infrastructure platform, strengthens balance sheet, and progresses multi-gigawatt development strategy

Quarter reflects deliberate shift from legacy energy operations to development-stage investments underpinning New Era’s AI infrastructure growth strategy

MIDLAND, Texas--(BUSINESS WIRE)--

New Era Energy & Digital, Inc. ( NUAI ) (“New Era” or the “Company”), a developer and operator of next-generation digital infrastructure and integrated power assets, today reported its financial and operational results for the third quarter ended September 30, 2025.

For the quarter ended September 30, 2025, New Era reported total revenue of $159,411, primarily reflecting remaining natural gas operations as the Company continues its transition away from legacy energy activities. The Company reported a loss from operations of ($4,203,886) for the quarter. For the nine-month period, revenue totaled $694,980 with a loss from operations of ($8,136,783). These results reflect the Company’s development-stage investments in engineering, site preparation, and the advancement of its digital infrastructure platform, as well as the ongoing wind-down of non-core production assets.

E. Will Gray II, CEO of New Era, commented: “This quarter represents the first full financial period since our strategic transformation for New Era, and it’s important for investors to understand the ‘why’ behind the numbers. The results you see today reflect a company in transition from a legacy helium and natural gas operator into a vertically integrated developer of AI-optimized digital infrastructure. The investments we are making across engineering, land aggregation, site preparation, and our Texas Critical Data Centers (TCDC) joint venture, are intentional and necessary steps in building the physical foundation for the next wave of AI and high-performance computing.”

“While legacy energy revenues are expected to wind down as we contemplate the divestiture process, these are not the metrics that define our future,” continued Gray. “Our operating expenses today represent the upfront engineering and development work required to bring large-scale powered land and powered-shell infrastructure to market—assets that, once built, offer long-duration, high-quality revenue streams through long-term leases, power sales, and joint-venture participation. The shift you are seeing in our financial profile is the beginning of that evolution.”

Gray added, “Equally important, we have taken decisive action to strengthen our capital structure. Over the past year, we eliminated all convertible debt and terminated our equity purchase facility agreement, steps that were essential to preparing the company for more traditional, institutional forms of financing. Major AI data center developments are typically funded off balance sheet at the project level, often in partnership with infrastructure funds, hyperscalers, and strategic investors. While some level of equity contribution from the parent company will be required, our objective is to ensure that the majority of development capital, particularly for powered shells and large-scale power systems, is raised at the asset level, minimizing dilution while maximizing long-term value.”

“New Era’s mission is to solve one of the largest bottlenecks in the AI economy: delivering reliable, scalable, energy-integrated digital infrastructure. The work we are doing today lays the foundation for a multi-gigawatt development platform capable of serving hyperscale AI demand for years to come. We are building deliberately, we are building with discipline, and we are building for a future where energy and compute are inseparable drivers of value,” concluded Gray.

About New Era Energy & Digital, Inc. ( NUAI )

New Era Energy & Digital, Inc. ( NUAI ) is a developer and operator of next-generation digital infrastructure and integrated power assets. With a growing portfolio of strategically located, vertically integrated resources including powered land and powered shells, the Company delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment, optimize total cost of ownership, and future-proof its infrastructure investments. For more information, visit: www.newerainfra.ai, and follow New Era Energy & Digital ( NUAI ) on LinkedIn and X.

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Source: New Era Energy & Digital, Inc. ( NUAI )