United Energy posts record Q2 earnings after Alkane acquisition

United Energy Corporation said its recently acquired Alkane operations produced $3.84 million in revenue and $801,000 in EBITDA over May through July 2026. The company says the results mark a material shift in its operating profile and point to growth across LNG, power generation and logistics.

Why it matters: - United Energy said the Alkane acquisition gives the company a new operating platform with meaningful revenue, gross profit and positive EBITDA. - The early results suggest United is moving from a development story toward a multi-revenue energy infrastructure business. - The company is positioning LNG logistics and distributed power as the core of its next growth phase.

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

The details: - The three-month results imply an annualized revenue run rate of about $15.4 million. - That run rate falls within the $15 million to $20 million annual revenue range United identified when it announced the roughly $31 million Alkane transaction. - United said the run-rate figure is a mathematical extrapolation and should not be read as financial guidance. - The results do not include potential contributions from additional LNG facilities, distributed-power deployments or other projects under development. - The acquisition added revenue streams in LNG services, power generation services, hauling services and field services. - LNG services contributed $1.88 million in revenue. - Power generation services contributed $1.20 million in revenue. - Hauling services contributed $518,000 in revenue. - Field services contributed $232,000 in revenue. - LNG and power generation accounted for about 80% of total three-month revenue. - United says those two lines are the main economic drivers of its Energy Fulfillment™ platform.

Between the lines: - Brian Guinn, chairman and CEO of United Energy, said the initial results show the Alkane acquisition created an operating platform capable of generating revenue, gross profit and positive EBITDA. - Guinn said the company’s focus is now on integration, operating performance, customer growth and selective expansion. - United believes its platform value extends beyond any single revenue stream because it participates across LNG services, power generation, transportation and field services. - Management believes the early operating performance is notable compared with larger public companies in adjacent distributed-energy, LNG and natural-gas markets. - Management also believes the platform’s earnings potential is not yet fully reflected in United’s 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 estimate depends on assumptions about generator utilization, fuel consumption, delivered LNG pricing and the share of distributed-power demand that can be served through truck-based logistics. - Management believes growing power demand from data centers, industrial facilities, remote operations and grid-constrained markets is expanding demand for faster energy delivery than traditional utility interconnections.

What's next: - United plans to expand LNG production, deploy additional distributed-generation equipment and connect those assets with transportation and field-service capabilities. - The company is aiming to control more of the energy value chain, from natural gas and LNG production through transportation, storage and electricity generation at the customer site. - Future results may also include contributions from additional LNG facilities and other projects now under development. - United said annualized revenue and market-size statements are estimates based on management assumptions and are not guarantees of future performance. - The company said it does not expect to update forward-looking statements except as required by law.

The bottom line: - The Alkane deal has given United Energy a first meaningful profit-and-loss profile and a clearer platform to build a broader LNG-to-power business.