Why did NEHC's EPS remain stagnant in Q4 2021?

New Era Helium's (NEHC) EPS remained stagnant in Q4 2021 due to a combination of factors:

1. **Establishment of Joint Venture**: NEHC formed a joint venture with Sharon AI Inc. for a 90 MW net-zero energy project, which required significant planning and setup time, potentially diverting resources away from other areas that might have impacted earnings.
2. **Ongoing Construction and Financing Delays**: The company faced delays in securing project financing during the de-SPAC process, which affected the construction timeline for the Pecos Slope Plant. This extension likely had an impact on revenue generation and, consequently, EPS.

In summary, the establishment of the joint venture and the financing delays contributed to the stagnancy of NEHC's EPS in Q4 2021.