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Amen Properties, Inc. (AMEN) provides strategic updates through this dedicated news hub, offering investors and industry observers centralized access to essential developments in oil & gas royalty management. Track official announcements regarding working interest acquisitions, production updates, and financial disclosures from this established energy asset holder.
This resource aggregates all material updates including quarterly earnings reports, royalty portfolio expansions through subsidiaries like SFF Royalty, LLC, and regulatory compliance matters. Users gain efficient access to operational milestones without direct exposure to field operations risks inherent in energy extraction.
Key updates cover royalty payment structures, asset performance metrics, and strategic partnerships within the U.S. energy sector. Content maintains focus on factual business developments while contextualizing announcements within broader oil & gas market trends.
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Amen Properties (AMEN) has reported its financial results for fiscal year 2024, posting revenue of $4.1 million and net income of $2.1 million, up from $3.7 million revenue and $2.0 million net income in 2023. The improved performance was attributed to higher commodity prices.
The company announced a quarterly dividend of $10.00 per share and a special dividend of $4.03 per share for tithing obligations. Both dividends will be paid to shareholders of record on March 31, with payment scheduled for April 11.
Additionally, the Board confirmed its decision to discontinue hedging the revenue stream from oil and gas royalties, advising shareholders to implement their own hedging strategies if concerned about risk exposure.
Amen Properties (AMEN) has released its Q3 2024 financial results, reporting revenue of $857 thousand and net income of $626 thousand, compared to revenue of $932 thousand and net income of $495 thousand in Q3 2023. The company declared a quarterly dividend of $10.00 per share, payable on December 30, 2024, to shareholders of record as of December 23, 2024. Additionally, the Board announced that the company will no longer hedge its oil and gas royalties revenue stream, with management advising shareholders to implement their own hedging strategies if they wish to manage this risk.
Amen Properties (Pink Sheets: AMEN) has released its financial results for the second quarter of 2024. The company reported revenue of $1.3 million and net income of $574 thousand, compared to $1.2 million in revenue and $637 thousand in net income for the same period in 2023. Amen's Board of Directors has approved a quarterly dividend of $10.00 per share, payable on October 7, 2024, to shareholders of record on September 30, 2024.
Additionally, Amen reiterated its decision to no longer hedge the revenue stream associated with its oil and gas royalties. CFO Kris Oliver emphasized that shareholders should be aware of their un-hedged long oil and gas position and consider their own hedging strategies if uncomfortable with the risk.
Amen Properties has reported its financial results for Q1 2024, showing a revenue increase to $1.3 million from $495 thousand in Q1 2023.
Net income rose to $702 thousand compared to $510 thousand last year. These improvements are attributed to higher commodity prices.
The Board has approved a $10.00 per share quarterly dividend, payable on July 1, 2024, to shareholders recorded on June 24, 2024.
The Board also decided to stop hedging the company's oil and gas royalties revenue, encouraging shareholders to consider their own hedging strategies.
Amen Properties, Inc. (AMEN) reported a fiscal year 2022 revenue of
Amen Properties, Inc. (AMEN) reported financial results for Q3 2022, achieving $1.2 million in revenue and $1.1 million in net income, up from $1.1 million and $641 thousand respectively in Q3 2021. This increase is attributed to improved investment income and rising demand for oil and gas. The Board also declared a $12.50 quarterly dividend per share, payable on December 30 to shareholders of record on December 23. Additionally, Amen will discontinue hedging its oil and gas revenue, encouraging shareholders to manage their own risk.
