Amen Properties Reports Earnings Results for Third Quarter Ended September 30, 2017
December 11, 2017 at 03:00 pm
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Amen Properties, Inc. announced financial results for its fiscal quarter ended September 30, 2017. The company posted quarterly revenue of $653,000 and net income of $644,000 or $12.11 per diluted share. Revenue growth was driven by increases in commodity prices and production while the decline in profitability was caused by a significant gain on the sale of a leasehold interest recognized in 2016.
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).