AMEN Properties, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
December 05, 2018 at 04:37 pm
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AMEN Properties, Inc. reported earnings results for the third quarter ended September 30, 2018. For the quarter, the company posted quarterly revenue of $574,0000 and net income of $195,000, or $3.67 per diluted share. These results compare to revenue of $653,000 and net income of $644,000, or $12.11 per diluted share, for the same quarter last year. The declines in revenue and profitability were driven by decreased oil and gas production as well as a gain recognized in connection with the sale of a leasehold interests in 2017.
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).