HRG Group Reports Q1 2016 Results, Expects $147.5mln from Oil and Gas Transaction.
ByAinvest
Sunday, Jan 11, 2026 4:12 am ET1min read
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HRG Group, Inc. announces the completion of the transactions contemplated by its purchase agreement with Indigo Resources LLC. The transaction involves the sale of certain oil and gas interests in East Texas and North Louisiana for approximately $147.5 million. Proceeds from the transaction were used to reduce borrowings under Compass' existing credit facility. The transaction is expected to be accretive to HRG's earnings in 2016.
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