Amen Properties Reports Results for Third Quarter of 2024 and Announces Dividend
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 (AMEN) ha pubblicato i risultati finanziari per il terzo trimestre del 2024, riportando ricavi di 857 mila dollari e un reddito netto di 626 mila dollari, rispetto ai ricavi di 932 mila dollari e a un reddito netto di 495 mila dollari nel terzo trimestre del 2023. L'azienda ha dichiarato un dividendo trimestrale di 10,00 dollari per azione, che sarà pagato il 30 dicembre 2024, agli azionisti registrati il 23 dicembre 2024. Inoltre, il Consiglio ha annunciato che l'azienda non utilizzerà più strategie di copertura per le entrate derivanti da royalties di petrolio e gas, consigliando ai soci di attuare le proprie strategie di copertura se desiderano gestire questo rischio.
Amen Properties (AMEN) ha liberado sus resultados financieros del tercer trimestre de 2024, reportando ingresos de 857 mil dólares y un ingreso neto de 626 mil dólares, en comparación con ingresos de 932 mil dólares y un ingreso neto de 495 mil dólares en el tercer trimestre de 2023. La compañía declaró un dividendo trimestral de 10,00 dólares por acción, pagadero el 30 de diciembre de 2024, a los accionistas registrados hasta el 23 de diciembre de 2024. Además, la Junta anunció que la compañía ya no cubrirá sus ingresos por regalías de petróleo y gas, aconsejando a los accionistas que implementen sus propias estrategias de cobertura si desean gestionar este riesgo.
Amen Properties (AMEN)는 2024년 3분기 재무 결과를 발표했으며, 857천 달러의 수익과 626천 달러의 순이익을 기록했습니다. 이는 2023년 3분기의 932천 달러 수익 및 495천 달러 순이익에 비해 감소한 수치입니다. 회사는 주당 10.00 달러의 분기 배당금을 선언했으며, 2024년 12월 30일에 2024년 12월 23일 기준 주주에게 지급될 예정입니다. 또한, 이사회는 회사가 더 이상 석유 및 가스 로열티 수익을 헤지하지 않을 것이라고 발표했으며, 경영진은 주주들이 이 위험을 관리하고 싶을 경우 자체 헤지 전략을 구현할 것을 권장했습니다.
Amen Properties (AMEN) a publié ses résultats financiers du 3e trimestre 2024, annonçant des revenus de 857 mille dollars et un revenu net de 626 mille dollars, contre des revenus de 932 mille dollars et un revenu net de 495 mille dollars au 3e trimestre 2023. La société a déclaré un dividende trimestriel de 10,00 dollars par action, payable le 30 décembre 2024, aux actionnaires inscrits au 23 décembre 2024. De plus, le Conseil a annoncé que la société ne couvrira plus ses flux de revenus de redevances pétrolières et gazières, conseillant aux actionnaires de mettre en œuvre leurs propres stratégies de couverture s'ils souhaitent gérer ce risque.
Amen Properties (AMEN) hat seine Finanzberichte für das 3. Quartal 2024 veröffentlicht und einen Umsatz von 857 Tausend Dollar sowie einen Nettogewinn von 626 Tausend Dollar gemeldet, verglichen mit einem Umsatz von 932 Tausend Dollar und einem Nettogewinn von 495 Tausend Dollar im 3. Quartal 2023. Das Unternehmen erklärte eine vierteljährliche Dividende von 10,00 Dollar pro Aktie, die am 30. Dezember 2024 an die am 23. Dezember 2024 registrierten Aktionäre ausgezahlt werden soll. Darüber hinaus kündigte der Vorstand an, dass das Unternehmen seine ÖL- und Gas-Royalty-Einnahmeströme nicht mehr absichern wird und riet den Aktionären, eigene Hedging-Strategien umzusetzen, wenn sie dieses Risiko managen möchten.
- Net income increased 26.5% YoY to $626,000
- Quarterly dividend of $10.00 per share declared
- Revenue declined 8% YoY to $857,000
- Increased risk exposure due to elimination of oil and gas revenue hedging
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 third 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/20241216810687/en/
Press and Investor Relations Contact:
Kris Oliver
(972) 664-4597
Source: Amen Properties, Inc.
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