ALTX
Altex Industries, Inc.0.3080
-0.0030-0.97%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.45MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-K
10-Q
Q3 FY2025 results
Altex Industries posted a modest Q3 revenue uptick to $5,000 from $4,000 a year ago, yet YTD revenue dipped to $14,000 from $16,000, reflecting subdued oil and gas sales amid low production. Operating expenses trimmed to $48,000 from $59,000 quarterly, but YTD they climbed to $262,000 from $176,000, driven by $94,000 in bonus and payroll tax recognition per the president's agreement. This yielded a slim $12,000 quarterly net loss versus $505,000 profit last year—lacking the prior asset sale gain—while YTD net loss hit $160,000 against $459,000 profit, with no material gap between operating and net figures. Cash drained $78,000 in operations YTD, leaving $2.6M on hand; no debt burdens the balance sheet. In February 2025, the firm extended its office lease, booking a $166,000 right-of-use asset and liability. Shares outstanding dropped to 11.23M from 11.35M, aligning with flat $0.00 diluted EPS. Oil price swings pose ongoing risks.
10-Q
Q2 FY2025 results
Altex Industries posted a $32,000 net loss for Q2 FY2025 ended March 31, 2025, widening slightly from $30,000 a year earlier, while YTD losses ballooned to $148,000 from $46,000 amid a 29% revenue drop to $9,000 from oil and gas sales. General and administrative expenses surged 85% YTD to $211,000, driven by $94,000 in bonus and payroll tax recognition in Q1, yet interest income held steady at $27,000 quarterly. Cash dipped $49,000 YTD to $2.6 million, with no debt or capex; free cash flow not disclosed in the 10-Q. Shares outstanding fell to 11.23 million from 11.35 million, aligning with the $0.01 YTD diluted EPS. No M&A or regulatory shifts noted. Oil price swings pose ongoing risks to this lean operator.
10-Q
Q1 FY2025 results
Altex Industries posted a $116,000 net loss for Q1 FY2025 ended December 31, 2024, widening from $16,000 a year earlier, as oil and gas sales dipped to $5,000 from $6,000 year-over-year while general and administrative expenses tripled to $150,000, driven by $94,000 in president's bonus and payroll taxes. Operating expenses climbed to $151,000 from $52,000, yet interest income held steady at $30,000, softening the blow. Cash dipped slightly to $2.6 million after $28,000 used in operations, with no debt or capex. No non-GAAP metrics disclosed in the 10-Q. Shares outstanding fell to 11,229,520 from 11,348,021, aligning with the $0.01 diluted loss per share. Liquidity stays solid. Oil price swings pose ongoing risks.
10-K
FY2024 results
Altex Industries posted FY24 net income of $420,000, up sharply from a $171,000 loss in FY23, fueled by a $525,000 gain from selling Utah oil, gas, and mineral interests while general and administrative expenses dipped to $233,000 from $263,000. Oil production fell to 300 barrels from 400, with average prices climbing to $73.67 per barrel, yet zero production costs kept margins intact; interest income rose to $128,000 on higher cash balances. Q4 saw the company repurchase 118,501 shares at $0.20 each, trimming outstanding shares to 11.2 million, but no quarterly breakdowns reveal momentum. Cash swelled $424,000 to bolster liquidity, with no debt or capex. No guidance for FY25. Cybersecurity vulnerabilities loom, risking filing delays and financial hits.
BTE
Baytex Energy Corp
3.01-0.09
EOG
EOG Resources, Inc.
101.78-4.15
GTE
Gran Tierra Energy Inc.
3.76-0.14
HPK
HighPeak Energy, Inc.
4.52-0.30
LRDC
Laredo Oil, Inc
0.88+0.00
MXC
Mexco Energy Corporation
10.05+0.15
NRIS
Norris Industries, Inc.
0.14+0.00
OILCF
Permex Petroleum Corporation
1.70+0.00
REPX
Riley Exploration Permian, Inc.
25.34-1.22
WTI
W&T Offshore, Inc.
1.67+0.04