Amen Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2018
September 17, 2018 at 10:00 am EDT
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Amen Properties, Inc. reported earnings results for the second quarter ended June 30, 2018. The company posted quarterly revenue of $959,000 and net income of $300,000 or $56.84 per diluted share. These results compare to revenue of $606,000 and net income of $49,000 or $0.92 per diluted share, for the same quarter last year. The improvements in revenue and
profitability were driven by an increase in oil and gas production as well as gains recognized in connection with the sale of a leasehold interests.
AMEN Properties, Inc. owns a portfolio of properties, including real estate and oil and gas interests. The Company has investments in real estate and SFF Royalty, LLC. The Company also holds an interest in SFF Production, LLC. The Company owns oil and gas royalty and working interests in various states. The Company also holds interest in NEMA Properties LLC (NEMA), AMEN Delaware LP (Delaware) and AMEN Minerals LP (Minerals).