CKX Lands Inc (A:CKX)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2417 Shell Beach Drive LAKE CHARLES LA 70601 |
| Tel: | N/A |
| Website: | https://www.ckxlands.com |
| IR: | See website |
| Key People | ||
| William Gray Stream Chairman of the Board, President | Scott Stepp Chief Financial Officer | Lee W. Boyer Secretary, Director |
| Business Overview |
| CKX Lands, Inc. is engaged in the business of ownership and management of land. Its activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber and surface use (agriculture, right of ways, hunting). Its segments include oil and gas, surface and timber. It leases its property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and lease rentals and geophysical revenues. It receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Oil and Gas segment provides the customer access to a designated tract of land upon which the customer performs exploration, extraction, production and ultimate sale of the oil and gas. It receives royalties on all oil and gas produced by the customer. Timber income is derived from sales of timber on its lands. Surface income is earned from various recurring and non-recurring sources. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CKX Lands Inc revenues increased 34% to $1.5M. Net income totaled $143K vs. loss of $1.3M. Revenues reflect Surface segment increase from $289K to $951K. Net Income reflects General and administrative expense decrease of 50% to $1.5M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.67 to $0.07. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19.20M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1.49M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.02M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.14M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.86M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 1,992,193 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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