New Era Energy & Digital NASDAQ: NUAI used its fiscal first-quarter 2026 earnings call to emphasize that investors should focus less on legacy natural gas and helium results and more on the company's Texas Critical Data Centers project, known as TCDC.
New Era Energy & Digital (NASDAQ:NUAI) said on Friday that it has filed its quarterly report for the period ended March 31, 2026, while outlining recent financing, development and strategic milestones tied to its Texas Critical Data Center (TCDC) project in the Permian Basin. The company said Q1 results primarily reflected its legacy oil and gas operations, which it continues to assess for possible monetization or exit, as it focuses on advancing TCDC toward commercialization.
New Era Energy & Digital (NASDAQ:NUAI) announced that it has appointed Andy Casazza as chief corporate officer as the company expands its leadership team to support its data center and energy growth initiatives. The company, which develops and operates digital infrastructure and integrated power assets in the Permian Basin, said the appointment is part of an expansion of its leadership team.
New Era Energy & Digital (NASDAQ:NUAI) said it has closed an overallotment option on its public stock offering, bringing total gross proceeds to approximately $115 million, as the Permian Basin-focused digital infrastructure company works to fund development of a large Texas data center complex. The company also received the first $20 million tranche of a $290 million senior secured term loan from Macquarie Group's Commodities and Global Markets division, alongside a separate $5 million equity investment from Macquarie at roughly $5 per share.
New Era Energy & Digital (NASDAQ:NUAI) announced it has priced an underwritten public offering of about 30 million shares of its common stock at $3.35 per share, generating gross proceeds of approximately $100 million before expenses. The offering is being made pursuant to an effective shelf registration statement filed with the US Securities and Exchange Commission.
New Era Energy & Digital (NASDAQ:NUAI), a developer and operator of digital infrastructure and integrated power assets in the Permian Basin, has closed a $290 million senior secured term loan credit facility with Macquarie Group to support its flagship Texas Critical Data Center (TCDC) project. The multi-tranche facility includes a $20 million Term Loan A-1, a $30 million Term Loan A-2, a $40 million Term Loan A-3, and a $200 million Delayed Draw Term Loan, which is subject to certain conditions.
New Era Energy & Digital (NASDAQ:NUAI) announced that it has signed a non-binding letter of intent to form a joint venture aimed at developing and financing its Texas Critical Data Centers (TCDC) campus in West Texas. The proposed partnership would bring together New Era, data center developer Stream Data Centers, and an unnamed institutional investor that would provide equity capital and help arrange project financing.
New Era Energy & Digital (NASDAQ:NUAI) has announced the appointment of Ted Warner as its chief financial officer, bringing a capital markets executive with nearly two decades of experience in energy, power, and digital infrastructure to its leadership team. Warner has held roles spanning investment banking and executive leadership.
New Era Energy & Digital (NASDAQ:NUAI) announced that its strategic partner, Thunderhead Energy Solutions, has entered into a commercial arrangement with Turbine-X Energy to support a planned 450-megawatt behind-the-meter generation project at its Texas Critical Data Center (TCDC) site in Midland, Texas. The arrangement secures access to key power generation equipment for the TCDC project, which is designed to serve a hyperscale anchor tenant focused on artificial intelligence and high-performance cloud workloads.
New Era Energy & Digital (NASDAQ:NUAI) said on Thursday it has entered into a non-binding letter of intent to acquire about 54 acres of land adjacent to its Texas Critical Data Centers campus in Ector County, Texas, as it advances lease talks with a hyperscale tenant. The company, which develops and operates digital infrastructure and integrated power assets in the Permian Basin, said the contemplated acquisition forms part of ongoing negotiations with a leading hyperscale tenant and its partners, where securing the additional acreage emerged as a key milestone.
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New Era Energy & Digital (NASDAQ:NUAI) earlier this week shared a major step forward in its data center ambitions, announcing a strategic partnership with Primary Digital Infrastructure. Speaking to Proactive following the PTC26 conference in Hawaii, CEO Will Gray said the collaboration would enable New Era to focus on what it does best — behind-the-meter power generation using natural gas — while Primary brings decades of experience in building data centers at scale.