Vmbook Online ordering

Icons

**Company Information**

**Company Name:** Tornado Energy Corporation

**Stock Symbol:** TORN (OTCQB)

**Industry:** Oil and Gas Exploration and Production

**Tornado Overview**

Tornado Energy is an independent oil and gas exploration and production company focused on the acquisition, development, and production of oil and gas properties in the United States. The company's primary operations are in the Permian Basin of West Texas and New Mexico.

**Earnings and Growth**

**Earnings:**

* Q3 2022: Net income of $1.1 million, an increase of 167% year-over-year

* Full-year 2021: Net income of $2.9 million, an increase of 250% year-over-year

**Growth:**

* Production increased by 11% in Q3 2022 compared to Q3 2021

* Acquired 1,100 net acres in the Permian Basin in 2022

* Plans to drill 10-12 wells in 2023

**Key Financial Metrics**

* Revenue: $12.5 million in Q3 2022

* Net income margin: 8.8% in Q3 2022

* Debt-to-equity ratio: 0.3 as of September 30, 2022

**Other Notable Information**

* Founded in 2017

* Headquartered in Houston, Texas

* Led by CEO and President, John K. Thomas

* Listed on the OTCQB Venture Market since 2019

**Disclaimer:**

The information provided is for general informational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.