Blue Earth Resources, Inc.
BERI
Other OTC0.00
USD
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Blue Earth Resources, Inc.
BERI
(Other OTC)
Recent
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yld
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ROIC.AI
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- Business
- Blue Earth Resources, Inc. (BERI) operates as a wholesale fuel distributor and broker, procuring refined fuels from refineries and wholesalers for distribution to large retailers and single-site operators across the southern United States; its core products and services encompass unbranded rack supply, pipeline shipments, branded fuels including Shell, Exxon, Mobil, Citgo, Valero, 76, BP, Chevron, Amoco, and Texaco, as well as various grades of gasoline, diesel, kerosene, biofuels, ethanol, and AVGAS; the company additionally provides custom branding services such as imaging, logistics, design, and consultation, alongside rack-to-retail solutions, pipeline movement, hedging, and tailored fuel brokering agreements supported by real-time analytics technology to optimize supply chains and mitigate pricing risks. Founded in 1984 and headquartered in Knoxville, Tennessee, Blue Earth Resources focuses on the refined fuels segment of the energy industry, targeting retailers, convenience stores, and fuel stations with an emphasis on stable pricing, predictable demand, and lower risk for vendors and customers. Recent developments include the 2022 acquisition of Fuel Trader Supply (FTS) and Fuel Trader Resource Management to enhance wholesale and retail operations, the renewal and expansion of credit facilities to 2024 supporting Southeast activities, the opening of its first BP-branded retail location in La Vergne, Tennessee with plans for additional sites, a 10-year fuel supply agreement with Marathon Petroleum Corporation for reselling fuel and merchant services, and a letter of intent for a joint venture in exclusive hydrogen distribution to enter the green energy market; the company also pursued a $25 million preferred stock offering to fund growth initiatives.
Blue Earth Resources Accelerates its Growth with the Branding of Three Additional BP Retail Locations
Blue Earth Resources Secures Branded Jobber Contract with Marathon Petroleum Corporation
Blue Earth Resources Reports 8% Growth to $23.3 Million Revenue for its First Quarter Ended May 31, 2023
Blue Earth Resources Opens First BP Branded Retail Location