CKX Lands, Inc.
10.51-0.04 (-0.38%)
Oct 29, 3:53:18 PM EDT · NYSE American · CKX · USD
Key Stats
Market Cap
21.58MP/E (TTM)
58.39Basic EPS (TTM)
0.18Dividend Yield
0%Recent Filings
8-K
CKX sells 7,014 acres for $9.2M
CKX Lands inked a deal on August 14, 2025, to sell 7,014 acres of Louisiana timberland to Southern Pine Plantations for $9.2 million in cash, including all timber, mineral, and water rights. The board greenlit the transaction as fair and in shareholders' best interests, with closing targeted within 75 days after due diligence and title checks. This divestiture streamlines CKX's holdings. Yet title defects could trim the price.
10-Q
Q2 FY2025 results
CKX Lands posted Q2 revenue of $135.9K, down 86.8% y/y from $1.0M, as surface income plunged 90.9% y/y to $78.4K amid lower right-of-way deals, while oil and gas dipped 64.3% y/y to $57.5K. Yet YTD revenue held up better at $484.1K, off 58.6% y/y but buoyed by 33.8% y/y oil and gas growth to $326.0K from higher production volumes. Operating income swung to $159.7K from $646.1K y/y, thanks to a $189.2K land sale gain and 70.1% y/y drop in G&A to $150.8K, driving net income of $161.0K or $0.08 per diluted share—matching basic with no dilutive securities. Cash swelled to $7.5M, no debt, and free cash flow not disclosed in the 10-Q. Land sales advanced steadily. Volatility in commodity prices persists.
8-K
Shareholders back board, pay
CKX Lands shareholders re-elected all eight directors at the May 8, 2025 annual meeting, with each nominee securing over 85% support amid modest withholdings. They approved executive compensation in a non-binding vote (842,390 for, 129,163 against) and ratified MaloneBailey LLP as auditors for 2025 with overwhelming 93% backing. Continuity intact. No major dissent signals governance issues.
10-Q
Q1 FY2025 results
CKX Lands swung to profitability in Q1 FY2025 ended March 31, 2025, posting $348K total revenue—up 145.5% y/y from $142K—fueled by oil and gas jumping 225.5% y/y to $269K on higher production and gas prices, while surface revenue rose 39.6% y/y to $80K; timber sales dropped to zero. Operating income flipped to $112K from a $437K loss, with gross margins expanding as costs held steady, and net income hit $116K or $0.06 per diluted share on 2.03M shares. Cash from operations climbed to $119K, boosting cash equivalents to $3.7M alongside $5.7M in certificates of deposit; no debt weighs on the balance sheet. The company advanced its strategic review, fielding acquisition interest. Volatility in commodity prices remains a key risk.
10-K
FY2024 results
CKX Lands posted FY2024 net income of $250,224, up from $142,961 in 2023, driven by a 2.4% revenue rise to $1.52 million amid steady regional activity. Oil and gas royalties climbed 9.8% to $418 thousand on higher production volumes, while surface leases surged 13.7% to $1.08 million from industrial and pipeline projects; timber sales plunged 85.6% to $22 thousand due to harvest timing. Q4 momentum stayed solid, with surface income sustaining growth and oil/gas output edging up sequentially from Q3 levels (derived). No debt burdens the balance sheet, and cash equivalents topped $9.6 million at year-end. The board advances strategic talks for potential sales or partitions. Yet hurricanes could disrupt Louisiana timber and production flows.
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