United Energy acquires Alkane assets in transaction valued at $31 million
UNITED ENERGY CORP
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- United Energy Corporation acquired Alkane Modus Vis and bought assets from Alkane Midstream in a transaction valued at about $31 million.
- Consideration included cash, assumed debt, seller financing, and equity; the transaction carried an effective date of April 30, 2026.
- Deal adds a 100,000 gpd LNG facility in Seminole, Texas, expanding United’s distributed energy and LNG logistics footprint.
- Annualized 2026 revenue expected at $15 million-$20 million; targeted EBITDA margin near 30%.
- United plans a 150,000 gpd LNG capacity expansion at Seminole to support growing behind-the-meter demand, including data centers.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Energy Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260526200414) on June 01, 2026, and is solely responsible for the information contained therein.
