Private company

VICTORY CLEAN ENERGY, INC.

VICTORY CLEAN ENERGY, INC. is an American crude petroleum and natural gas company based in Austin.¹

Last updated Oct 21, 2026.

Overview

IndustryCrude Petroleum & Natural Gas¹
HeadquartersAustin, Texas¹
Incorporated inNV²
Business address14425 Falcon Head Blvd., Bldg E, Suite 100, Austin, Tx 78738²
Filer categoryNon-accelerated filer, Smaller reporting company²
Legal formCorporation

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Hydrogen, these industries can transition to cleaner and more sustainable energy sources.³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Revenue⁴⁵⁶⁷⁸$0 in 2023

Gross profit⁴⁵⁶⁷⁸$0 in 2023

Operating income⁹⁴⁵⁶⁷⁸-$804.4K in 2023−63% since 2017

Net income⁹⁴⁵⁶⁷⁸-$538.7K in 2023−97% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Revenue		$1.0M⁴	$2.2M⁵	$851.4K⁶	$815.3K⁷	$0⁸	$0⁸
Cost of revenue		$504.1K⁴	$1.0M⁵	$537.4K⁶	$491.7K⁷	$0⁸	$0⁸
Gross profit		$530.2K⁴	$1.2M⁵	$314.0K⁶	$323.6K⁷	$0⁸	$0⁸
Selling, general and admin	$2.2M⁹	$13.1M⁴	$1.7M⁵	$1.2M⁶	$1.0M⁷	$437.8K⁸	$804.4K⁸
Operating expenses					$1.1M⁷	$437.8K⁸	$804.4K⁸
Operating income	-$2.2M⁹	-$27.3M⁴	-$3.4M⁵	-$870.7K⁶	-$728.7K⁷	-$437.8K⁸	-$804.4K⁸
Interest	$338.2K⁹	$246.0K⁴	$197.9K⁵	$87.7K⁶	$58.9K⁷	$17.7K⁸	$27.8K⁸
Income before tax						-$335.4K⁸	-$583.6K⁸
Income tax	$0¹²	-$93.5K⁴		$2.5K⁶		$0⁸	$0⁸
Net income	-$20.7M⁹	-$27.3M⁴	-$3.5M⁵	$953.9K⁶	-$260.9K⁷	-$321.5K⁸	-$538.7K⁸
Earnings per share	-$19.93¹²				-$0.01⁷	-$0.01⁸	-$0.02⁸
Earnings per share (diluted)	-$18.14¹²		-$0.13⁵	-$0.03⁶	-$0.01⁷	-$0.01⁸	-$0.02⁸
Shares (weighted, basic)					28.0M shares⁷	28.0M shares⁸	28.1M shares⁸
Shares (weighted, diluted)					28.0M shares⁷	28.0M shares⁸	28.1M shares⁸

Total assets⁹⁴⁵⁶⁷⁸$1.6M in 2023−91% since 2017

Total liabilities⁹⁴⁵⁶⁷⁸$5.7M in 2023+206% since 2017

Shareholders’ equity⁹⁵⁷⁸-$4.1M in 2023

Cash⁴⁵⁶⁷⁸$66.5K in 2023+173% since 2017

Long-term debt⁶⁷⁸$0 in 2023

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$24.4K⁴	$76.7K⁵	$17.1K⁵	$192.3K⁶	$52.9K⁷	$10.2K⁸	$66.5K⁸
Receivables					$153.4K⁷	$163.2K⁷
Inventory					$24.9K⁷	$32.3K⁷
Current assets	$138.3K⁹	$646.0K⁴	$755.7K⁵	$435.8K⁶	$262.5K⁷	$289.6K⁸	$1.3M⁸
Property, plant and equipment					$243.2K⁷	$162.3K⁷
Goodwill					$145.1K⁷	$145.1K⁷
Intangible assets					$113.6K⁷	$96.3K⁷
Total assets	$17.8M⁹	$4.4M⁴	$1.5M⁵	$1.1M⁶	$764.4K⁷	$693.4K⁸	$1.6M⁸
Accounts payable					$100.8K⁷	$63.8K⁸	$331.1K⁸
Short-term debt					$3.6M⁷	$3.7M⁸	$3.9M⁸
Current liabilities	$1.9M⁹	$2.8M⁴	$3.8M⁵	$3.9M⁶	$3.9M⁷	$4.1M⁸	$5.6M⁸
Long-term debt				$318.8K⁶	$239.8K⁷	$0⁸	$0⁸
Long-term liabilities					$239.8K⁷	$261.6K⁷
Total liabilities	$1.9M⁹	$3.2M⁴	$3.8M⁵	$4.2M⁶	$4.1M⁷	$4.4M⁸	$5.7M⁸
Retained earnings					-$98.9M⁷	-$99.2M⁸	-$99.8M⁸
Shareholders’ equity	$15.9M⁹	$1.2M⁵	-$2.2M⁵	-$3.1M⁷	-$3.4M⁸	-$3.7M⁸	-$4.1M⁸
Shares outstanding	5.2M shares⁹	28.0M shares⁴	28.0M shares⁵	28.0M shares⁶	28.0M shares⁷	28.0M shares⁸	28.6M shares⁸

Cash from operations⁹⁴⁵⁶⁷-$98.8K in 2022−95% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash from operations	-$1.9M⁹	-$1.4M⁴	-$372.1K⁵	-$508.2K⁶	-$658.0K⁷	-$98.8K⁷
Depreciation and amortization					$20.5K⁷	$21.7K⁷	-$127.0K⁸
Stock-based compensation					-$171.2K⁷	$0⁸	-$94.7K⁸
Cash from investing					-$33.0K⁷	$0⁸	-$983.0K⁸
Cash from financing					$551.6K⁷	$190.6K⁷

Compare VICTORY CLEAN ENERGY, INC. with another company

What it owns

What VICTORY CLEAN ENERGY, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$835.7K⁷ Dec 31, 2022	$764.7K⁷ Dec 31, 2021	+9.3%
Accumulated depreciation	$727.5K⁸ Dec 31, 2023	$629.8K⁸ Dec 31, 2022	+15.5%
Property and equipment, net	$162.3K⁷ Dec 31, 2022	$243.2K⁷ Dec 31, 2021	−33.2%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$66.5K⁸ Dec 31, 2023	$10.2K⁸ Dec 31, 2022	+554.5%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$145.1K⁷ Dec 31, 2022	$145.1K⁷ Dec 31, 2021	0%
Finite-lived intangibles, net	$96.3K⁷ Dec 31, 2022	$113.6K⁷ Dec 31, 2021	−15.2%
Customer relationships, net	$129.7K⁷ Dec 31, 2022	$129.7K⁷ Dec 31, 2021	0%

Inventory

Item	Latest	A year before	Change
Inventory, total	$32.3K⁷ Dec 31, 2022	$24.9K⁷ Dec 31, 2021	+29.5%

Leadership

Who has led VICTORY CLEAN ENERGY, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Robert Miranda2012

President

Kenneth E. Hill2017

Chief financial officer

Chief operating officer

Kenneth E. Hill2011

2010201520202025

Chief executive officerKenneth E. Hill Aug 25, 2017 to Aug 25, 2017¹³
Chief executive officerRobert Miranda May 3, 2011 to Feb 17, 2012¹⁴
Chief executive officerJon Fullenkamp Apr 7, 2006 to Nov 17, 2006¹⁵
ChairRobert Miranda Feb 17, 2012 to Feb 17, 2012¹⁶
PresidentKenneth E. Hill Aug 25, 2017 to Aug 25, 2017¹³
Chief financial officerKenneth E. Hill Aug 25, 2017 to Aug 25, 2017¹³
Chief financial officerMark Wendell Biggers Jan 25, 2012 to Feb 9, 2012¹⁷
Chief financial officerRobert Miranda Mar 2, 2011 to Feb 17, 2012¹⁸
Chief operating officerKenneth E. Hill Jan 21, 2011 to Jan 21, 2011¹⁹

Board members and other officers (12)

CHIEF OPERATIONS OFFICERKenneth E. Hill Mar 28, 2012 to Mar 28, 2012²⁰
Board memberEric Eilersten Jan 17, 2018 to Jan 17, 2018²¹
Board memberRicardo A. Salas Aug 31, 2017 to Apr 17, 2018²²
Board memberKevin Deleon Sep 22, 2017 to Sep 22, 2017²³
Board memberKenneth E. Hill Mar 28, 2012 to Aug 25, 2017²⁰
Board memberRonald Zamber Mar 18, 2011 to Apr 17, 2018²⁴
Board memberEdgar Trotter Mar 23, 2011 to May 3, 2011²⁵
Board memberRobert W. Grenley May 3, 2011 to Feb 17, 2012²⁶
Board memberPerrry R. Mansell Mar 30, 2007 to Mar 30, 2007²⁷
Board memberRichard May Mar 30, 2007 to Mar 30, 2007²⁸
Board memberJon Fullenkamp Apr 7, 2006 to Nov 17, 2006¹⁵
Board memberCarl Burhanan Nov 17, 2006 to Nov 17, 2006²⁹

Former names

VICTORY OILFIELD TECH, INC.Jun 22, 2018 to Apr 1, 2024²
VICTORY ENERGY CORPMay 8, 2006 to Jun 4, 2018²
VICTORY CAPITAL HOLDINGS CORPMay 9, 2003 to Apr 17, 2006²
NEW ENVIRONMENTAL TECHNOLOGIES CORPJan 12, 2001 to Apr 24, 2003²

Timeline

Dec 26, 20248-K Executive or director change³⁰
Oct 7, 20248-K Executive or director change³¹
Aug 21, 20248-K Entered a material agreement³²
Jul 1, 20248-K Change of auditor³³
Mar 20, 20248-K Financial statements and exhibits³⁴
Mar 5, 20248-K Other events³⁵
Feb 14, 20248-K Change of auditor³⁶
Jan 5, 20248-K Entered a material agreement; Completed an acquisition or sale; Change in control³⁷
Dec 4, 20238-K Entered a material agreement³⁸
Jul 26, 20238-K Entered a material agreement; Other events³⁹
Aug 25, 2017New chief executive Kenneth E. Hill becomes CEO¹³
May 3, 2011New chief executive Robert Miranda becomes CEO¹⁴
Apr 7, 2006New chief executive Jon Fullenkamp becomes CEO¹⁵

Filings

31 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 10 major events, 1 private raises, 7 other. The latest 20:

Apr 1, 2025NT 10-K EDGAR
Dec 26, 20248-K EDGAR
Nov 19, 202410-Q EDGAR
Nov 14, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
Oct 30, 202410-Q EDGAR
Oct 17, 202410-Q EDGAR
Oct 7, 20248-K EDGAR
Aug 21, 20248-K EDGAR
Jul 1, 20248-K EDGAR
May 16, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
May 15, 202410-K EDGAR
Apr 1, 2024NT 10-K EDGAR
Mar 20, 20248-K/A EDGAR
Mar 5, 20248-K EDGAR
Feb 14, 20248-K EDGAR
Jan 5, 20248-K EDGAR
Dec 4, 20238-K CURRENT REPORT EDGAR
Dec 4, 2023SC 14F1 SCHEDULE 14F-1 EDGAR
Nov 14, 202310-Q QUARTERLY REPORT EDGAR
Sep 19, 2023D EDGAR

The 31 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$225.0K 2023–2023

Private raises (Form D) $225.0K

Figures by year

Year	Private raises (Form D)	Total
2023	$225.0K	$225.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

Aug 10, 2023Raised $225,000 in a private offering of securities⁴⁰ Form D: $5 million offered in all Form D

SEC filer profile

How VICTORY CLEAN ENERGY, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARVICTORY CLEAN ENERGY, INC.¹
CIK0000700764
Employer ID (EIN)87-0564472¹
Filer statusNon-accelerated filer<br>smaller reporting company¹
Incorporated inNevada¹
Fiscal year endsDecember 31¹
Industry code (SIC)1311 Crude Petroleum & Natural Gas¹
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
Business address14425 Falcon Head Blvd., Bldg E, Suite 100, Austin, TX 78738¹
Phone512-607-5558¹
Shares outstanding530,704,753 as of Nov 14, 2024¹¹
Public float$5.3M as of Jun 30, 2023⁸
On EDGAR sinceJan 12, 2001¹
Filings409 in all: 8-K (138), 10-Q (48), 10QSB (27), NT 10-Q (26), 3 (19), 10-K (15), NT 10-K (15), 8-K/A (13)¹
All 35 form types
UPLOAD (13), 5 (11), CORRESP (11), 10KSB (9), 10QSB/A (8), 4 (8), S-8 (8), 10KSB/A (5), 424B3 (4), 425 (4), 10-K/A (3), D (3), DEF 14A (3), 5/A (2), DEF 14C (2), PRE 14C (2), S-1/A (2), 10-Q/A (1), 3/A (1), 8-A12G (1), EFFECT (1), PREM14A (1), PRER14A (1), RW (1), S-1 (1), SC 13D (1), SC 14F1 (1)
Latest filingsAnnual report (10-K) May 15, 2024
Quarterly report (10-Q) Nov 19, 2024
Proxy statement (DEF 14A) Oct 23, 2017
Latest 8-K (8-K) Dec 26, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARVICTORY CLEAN ENERGY, INC. filings on SEC EDGAR
2
SEC EDGARVICTORY CLEAN ENERGY, INC. filings on SEC EDGAR
3
SEC EDGARVICTORY CLEAN ENERGY, INC. annual report, Item 1 (Business)
4
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2018
5
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2019
6
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2020
7
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2021
8
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2022
9
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2017
10
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-Q for fiscal 2024
11
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-Q for fiscal 2024
12
SEC EDGARVICTORY CLEAN ENERGY, INC. 10-K for fiscal 2017
13
SEC EDGARKenneth E. Hill, Chief executive officer
14
SEC EDGARRobert Miranda, Chief executive officer
15
SEC EDGARJon Fullenkamp, Chief executive officer
16
SEC EDGARRobert Miranda, Chair
17
SEC EDGARMark Wendell Biggers, Chief financial officer
18
SEC EDGARRobert Miranda, Chief financial officer
19
SEC EDGARKenneth E. Hill, Chief operating officer
20
SEC EDGARKenneth E. Hill, CHIEF OPERATIONS OFFICER
21
SEC EDGAREric Eilersten, Board member
22
SEC EDGARRicardo A. Salas, Board member
23
SEC EDGARKevin Deleon, Board member
24
SEC EDGARRonald Zamber, Board member
25
SEC EDGAREdgar Trotter, Board member
26
SEC EDGARRobert W. Grenley, Board member
27
SEC EDGARPerrry R. Mansell, Board member
28
SEC EDGARRichard May, Board member
29
SEC EDGARCarl Burhanan, Board member
30
SEC EDGARExecutive or director change
31
SEC EDGARExecutive or director change
32
SEC EDGAREntered a material agreement
33
SEC EDGARChange of auditor
34
SEC EDGARFinancial statements and exhibits
35
SEC EDGAROther events
36
SEC EDGARChange of auditor
37
SEC EDGAREntered a material agreement; Completed an acquisition or sale; Change in control
38
SEC EDGAREntered a material agreement
39
SEC EDGAREntered a material agreement; Other events
40
SEC EDGARForm D: Raised $225,000 in a private offering of securities