Welcome to our dedicated page for AMEN PROPERTIES news (Ticker: AMEN), a resource for investors and traders seeking the latest updates and insights on AMEN PROPERTIES stock.
Amen Properties, Inc. (symbol: AMEN) is a diversified company that focuses on oil and gas royalty interests across the United States. The company holds significant interests in oil and gas royalties through its ownership of SFF Royalty, LLC, and maintains 100% ownership of SFF Production, LLC. Established in 1993 and headquartered in Richardson, Texas, Amen Properties was formerly known as Crosswalk.com, Inc. before rebranding in October 2002.
Amen Properties has built a robust portfolio of cash-producing assets, including both real estate and extensive oil and gas interests. The company has consistently demonstrated its commitment to shareholder value, announcing regular quarterly dividends, such as the recent $10.00 per share dividends.
Recent financial results indicate a dynamic performance in the face of fluctuating commodity prices. For the quarter ended March 31, 2023, the company reported revenues of $779 thousand and a net income of $510 thousand. Despite some declines compared to the same quarter in 2022, the company has shown resilience and a strategic focus on optimizing its revenue streams.
Noteworthy developments include the company's decision to no longer hedge its oil and gas revenue streams, as stated by Kris Oliver, the Chief Financial Officer. This strategic move allows shareholders to pursue their own hedging strategies according to their risk tolerance.
Amen Properties' latest reports for the first quarter of 2024 show an improvement in revenue and profitability due to increased commodity prices, with revenues reaching $1.3 million and a net income of $702 thousand.
For more detailed financial information and the latest updates, shareholders and interested parties can visit the company’s website at www.amenproperties.com.
It is important to note that all forward-looking statements made by the company come with inherent risks and uncertainties that could cause actual results to differ materially from those projected.
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.
Amen Properties, Inc. (AMEN) reported a strong performance for Q2 2022, with revenue reaching $1.0 million, a significant increase from $621 thousand in Q2 2021. The company also achieved a net income of $1.2 million, up from $471 thousand year-over-year. The improvement is attributed to heightened demand and prices for oil. Additionally, the Board approved a $10.00 per share quarterly dividend, payable on September 30, 2022. Amen will no longer hedge its oil and gas royalty revenue, highlighting the associated risk.
Amen Properties, Inc. (AMEN) reported significant financial growth for Q1 2022, posting $927 thousand in revenue and $725 thousand in net income, up from $422 thousand and $154 thousand respectively in Q1 2021. This surge is attributed to rising demand and prices for oil. The Board approved a quarterly dividend of $10.00 per share, payable on July 7 to shareholders of record by June 30. Additionally, the company will stop hedging its oil and gas royalty revenues, highlighting the need for shareholders to consider their own risk management strategies.
FAQ
What is the current stock price of AMEN PROPERTIES (AMEN)?
What is the market cap of AMEN PROPERTIES (AMEN)?
What does Amen Properties, Inc. specialize in?
How was Amen Properties, Inc. formerly known?
What recent financial performance has Amen Properties reported?
Does Amen Properties pay dividends?
What strategic decision has Amen Properties made regarding hedging?
Where is Amen Properties, Inc. headquartered?
How can shareholders access the company's financial reports?
What factors contributed to the decline in Amen Properties' revenue in 2023?
What is the ownership structure of Amen Properties in its subsidiaries?
When was Amen Properties, Inc. incorporated?
