United Energy posts first post-acquisition revenue and EBITDA from Alkane

United Energy Corporation reported $3.84 million in revenue and $801,000 in EBITDA from the first three months of its acquired Alkane operations, marking a shift from development-stage company to operating LNG and distributed-power platform. Management says the results support its expansion strategy, while noting the figures are unaudited and not guidance.

Why it matters: - United Energy’s first operating results from Alkane show the company can generate revenue and positive EBITDA after the April 30, 2026 acquisition. - The three-month period from May through July 2026 produced a new operating profile centered on LNG services and distributed power. - Management says the acquisition moves United beyond its historical oil and gas focus and toward a broader energy infrastructure platform.

What happened: - United Energy Corporation reported management-prepared, unaudited operating results from Alkane for May through July 2026. - The acquired operations generated about $3.84 million in revenue, $1.58 million in gross profit and $801,000 in EBITDA. - Gross margin came to about 41.1%, and EBITDA margin was about 20.9%. - July revenue totaled $1.45 million. - United completed the $31 million Alkane transaction on April 30, 2026.

The details: - LNG services produced $1.88 million in revenue during the three-month period. - Power generation services generated $1.20 million. - Hauling services contributed $518,000. - Field services added $232,000. - LNG and power generation accounted for about 80% of total three-month revenue. - The results imply an annualized revenue run rate of about $15.4 million. - United said that figure sits within the $15 million to $20 million annual revenue range identified when the Alkane deal was announced. - United said the annualized figure is a mathematical extrapolation and should not be treated as financial guidance. - The results do not include potential contributions from additional LNG facilities, distributed-power deployments or other projects under development. - Brian Guinn, United’s chairman and chief executive officer, said the company will focus on integration, maintaining operating performance, broadening the customer base and selectively expanding the platform. - Guinn also said United now participates across LNG services, power generation, transportation and field services. - United says the platform connects natural-gas supply with distributed-power demand.

Between the lines: - The early EBITDA-positive performance gives United a proof point for its strategy at a much earlier stage than larger peers in adjacent markets. - Management pointed to companies such as EROCK, Stabilis Solutions and Clean Energy Fuels for context, while noting those businesses differ materially in scale, capitalization, business mix, accounting policies and stage of development. - United said those companies’ Adjusted EBITDA figures are not directly comparable to United’s EBITDA. - Management believes the company’s earnings potential is not fully reflected in its current public-market valuation. - United estimates the domestic serviceable market for truck-delivered LNG supporting mobile, temporary and behind-the-meter generation at about $3 billion to $6 billion in annual fuel demand. - That market estimate depends on assumptions about generator utilization, fuel consumption, delivered LNG pricing and the share of distributed-power demand served through truck-based logistics. - Actual market adoption may differ materially from those assumptions. - Management believes rising power demand from data centers, industrial facilities, remote operations and grid-constrained markets is creating demand for faster-deployable energy infrastructure.

What's next: - United plans to expand LNG production in the coming months. - The company also plans to deploy additional distributed-generation equipment. - United intends to integrate those assets with its transportation and field-service capabilities. - The company says the next stage of development depends on disciplined integration and selective expansion where risk-adjusted returns look attractive.

The bottom line: - Alkane turned United Energy into a revenue-generating LNG and distributed-power operator, and the first post-deal quarter suggests the platform can produce meaningful cash flow if execution holds.