Amen Properties Reports Results for Second Quarter of 2024 and Announces Dividend
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 (Pink Sheets: AMEN) ha pubblicato i suoi risultati finanziari per il secondo trimestre del 2024. L'azienda ha registrato un fatturato di 1,3 milioni di dollari e un utile netto di 574 mila dollari, rispetto a 1,2 milioni di dollari di fatturato e 637 mila dollari di utile netto per lo stesso periodo del 2023. Il Consiglio di Amministrazione di Amen ha approvato un dividendo trimestrale di 10,00 dollari per azione, che sarà pagato il 7 ottobre 2024, agli azionisti registrati al 30 settembre 2024.
Inoltre, Amen ha ribadito la sua decisione di non coprire più i flussi di reddito associati ai diritti sulle sue vendite di petrolio e gas. Il CFO Kris Oliver ha sottolineato che gli azionisti dovrebbero essere consapevoli della loro posizione non coperta nel settore petrolifero e del gas e considerare le proprie strategie di copertura se a disagio con il rischio.
Amen Properties (Pink Sheets: AMEN) ha publicado sus resultados financieros para el segundo trimestre de 2024. La compañía reportó ingresos de 1,3 millones de dólares y ingreso neto de 574 mil dólares, en comparación con 1,2 millones en ingresos y 637 mil dólares en ingreso neto para el mismo período de 2023. La Junta Directiva de Amen ha aprobado un dividendo trimestral de 10,00 dólares por acción, que se pagará el 7 de octubre de 2024, a los accionistas registrados al 30 de septiembre de 2024.
Adicionalmente, Amen reiteró su decisión de no cubrir más la corriente de ingresos asociada con sus regalías de petróleo y gas. El CFO Kris Oliver enfatizó que los accionistas deben ser conscientes de su posición larga en petróleo y gas sin cobertura y considerar sus propias estrategias de cobertura si se sienten incómodos con el riesgo.
아멘 프로퍼티즈(Amen Properties, 핑크 시트: AMEN)는 2024년 2분기 재무 결과를 발표했습니다. 회사는 130만 달러의 수익과 57만 4천 달러의 순이익을 보고했으며, 이는 2023년 같은 기간의 120만 달러 수익 및 63만 7천 달러 순이익과 비교됩니다. 아멘의 이사회는 주당 10.00달러의 분기 배당금을 승인했으며, 이는 2024년 10월 7일에 지급되고 2024년 9월 30일 기준의 주주에게 지급됩니다.
또한 아멘은 석유 및 가스 로열티와 관련된 수익 흐름을 더 이상 헤지하지 않기로 한 결정을 재확인했습니다. CFO 크리스 올리버(Kris Oliver)는 주주들이 자신의 헤지되지 않은 석유 및 가스 포지션을 인식하고 위험에 대해 불안하다면 자신의 헤지 전략을 고려해야 한다고 강조했습니다.
Amen Properties (Pink Sheets: AMEN) a publié ses résultats financiers pour le deuxième trimestre 2024. L'entreprise a déclaré des revenus de 1,3 million de dollars et un bénéfice net de 574 000 dollars, contre 1,2 million de dollars de revenus et 637 000 dollars de bénéfice net pour la même période en 2023. Le conseil d'administration d'Amen a approuvé un dividende trimestriel de 10,00 dollars par action, payable le 7 octobre 2024, aux actionnaires enregistrés au 30 septembre 2024.
De plus, Amen a réaffirmé sa décision de ne plus couvrir le flux de revenus associé à ses redevances pétrolières et gazières. Le directeur financier Kris Oliver a souligné que les actionnaires doivent être conscients de leur position longue en pétrole et en gaz non couverte et envisager leurs propres stratégies de couverture s'ils ne se sentent pas à l'aise avec le risque.
Amen Properties (Pink Sheets: AMEN) hat seine finanziellen Ergebnisse für das zweite Quartal 2024 veröffentlicht. Das Unternehmen meldete Einnahmen von 1,3 Millionen Dollar und einen Nettoeinkommen von 574 Tausend Dollar, verglichen mit 1,2 Millionen Dollar Einnahmen und 637 Tausend Dollar Nettoertrag im gleichen Zeitraum 2023. Der Vorstand von Amen hat eine vierteljährliche Dividende von 10,00 Dollar pro Aktie genehmigt, die am 7. Oktober 2024 an Aktionäre ausgezahlt wird, die am 30. September 2024 registriert sind.
Zusätzlich hat Amen seine Entscheidung bekräftigt, die Einnahmenströme aus seinen Öl- und Gaslizenzen nicht länger abzusichern. CFO Kris Oliver betonte, dass die Aktionäre sich ihrer ungedeckten Long-Position in Öl und Gas bewusst sein sollten und ihre eigenen Hedging-Strategien in Betracht ziehen sollten, wenn sie mit dem Risiko unwohl fühlen.
- Revenue increased from $1.2 million in Q2 2023 to $1.3 million in Q2 2024
- Quarterly dividend of $10.00 per share approved
- Net income decreased from $637 thousand in Q2 2023 to $574 thousand in Q2 2024
- Company no longer hedging revenue stream from oil and gas royalties, potentially increasing risk for shareholders
Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2024 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919918676/en/
Kris Oliver
(972) 664-4597
Source: Amen Properties, Inc.
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