Altex Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 05, 2023 at 05:02 pm EDT
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Altex Industries, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was USD 0.007 million compared to USD 0.005 million a year ago. Net loss was USD 0.021 million compared to net income of USD 0.404 million a year ago.
For the six months, revenue was USD 0.02 million compared to USD 0.026 million a year ago. Net loss was USD 0.097 million compared to net income of USD 0.39 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
Altex Industries, Inc. is a holding company. The Company, through its operating subsidiary, Altex Oil Corporation (AOC), owns interests in onshore oil and gas properties, has bought and sold producing oil and gas properties. The Company has also participated in the drilling of exploratory and development wells, and in recompletions of existing wells. All of AOC's interests are in properties operated by others. The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and processing plants. The Company's estimated reserves are 1,300 barrels of developed oil reserves associated with its 4.4% override in the Glo Field in Campbell County, Wyoming. The Company owns small mineral interests in Utah. All the Company's production is located in Utah and Wyoming.
ALTEX INDUSTRIES, INC. 
