Amen Properties Stock Price, News & Analysis

Amen Properties, Inc. (AMEN) reported a fiscal year 2022 revenue of $4.1 million and net income of $3.4 million, up from $3.1 million and $1.6 million in 2021. This growth is attributed to higher oil demand and prices. The Board approved a quarterly dividend of $10.00 per share and a special dividend of $6.30 per share for tithing, payable on March 31 to shareholders of record on March 24. Additionally, the Company will no longer hedge its oil and gas revenue stream, putting shareholders in a position to manage their own risk.

Amen Properties, Inc. (AMEN) reported financial results for Q3 2022, achieving $1.2 million in revenue and $1.1 million in net income, up from $1.1 million and $641 thousand respectively in Q3 2021. This increase is attributed to improved investment income and rising demand for oil and gas. The Board also declared a $12.50 quarterly dividend per share, payable on December 30 to shareholders of record on December 23. Additionally, Amen will discontinue hedging its oil and gas revenue, encouraging shareholders to manage their own risk.

Amen Properties, Inc. (AMEN) reported a strong performance for Q2 2022, with revenue reaching $1.0 million, a significant increase from $621 thousand in Q2 2021. The company also achieved a net income of $1.2 million, up from $471 thousand year-over-year. The improvement is attributed to heightened demand and prices for oil. Additionally, the Board approved a $10.00 per share quarterly dividend, payable on September 30, 2022. Amen will no longer hedge its oil and gas royalty revenue, highlighting the associated risk.

Amen Properties, Inc. (AMEN) reported significant financial growth for Q1 2022, posting $927 thousand in revenue and $725 thousand in net income, up from $422 thousand and $154 thousand respectively in Q1 2021. This surge is attributed to rising demand and prices for oil. The Board approved a quarterly dividend of $10.00 per share, payable on July 7 to shareholders of record by June 30. Additionally, the company will stop hedging its oil and gas royalty revenues, highlighting the need for shareholders to consider their own risk management strategies.

Amen Properties, Inc. (AMEN) reported strong financial results for the fiscal year 2021, with revenue soaring to $3.1 million and net income reaching $1.8 million, a significant increase from a loss of $683 thousand in 2020. The rise in profitability is attributed to higher demand and oil prices. The company declared a quarterly dividend of $7.50 per share and a special dividend of $3.30 to meet its tithing obligation, both payable on April 7 to shareholders of record on March 31. Additionally, Amen will no longer hedge its oil and gas royalty revenue.

Amen Properties, Inc. (AMEN) reported a significant financial improvement for Q3 2021, with revenue of $1.1 million and net income of $641 thousand, compared to $301 thousand and $98 thousand year-over-year. The rise in profitability was mainly due to enhanced oil and gas revenues following improved market conditions post-pandemic. Additionally, the Board announced a quarterly dividend of $7.50 per share, payable on December 30, 2021, to shareholders on record by December 23, 2021.

Amen Properties, Inc. (AMEN) reported significant financial improvement for the fiscal quarter ending June 30, 2021, achieving $621 thousand in revenue and a net income of $471 thousand, up from $20 thousand and a loss of $108 thousand in the previous year. This turnaround is attributed to increased oil and gas revenue due to better market conditions. The Board approved a quarterly dividend of $7.50 per share, to be distributed on September 30, 2021. Additionally, the company will no longer hedge its oil and gas revenue, affecting risk exposure for shareholders.

Amen Properties, Inc. (AMEN) reported a quarterly revenue of $422,000 and net income of $154,000 for the fiscal quarter ending March 31, 2021, showing an improvement from $407,000 in revenue and a net loss of $1.5 million in the same quarter last year. The company declared a quarterly dividend of $7.50 per share, payable on June 30, 2021, to shareholders on record as of June 23, 2021. Additionally, the Board approved a plan to cease hedging on oil and gas royalty revenues, emphasizing shareholder responsibility for risk management.

Amen Properties, Inc. (AMEN) reported its Q4 2020 financial results, recording revenue of $415 thousand and a net income of $1.1 million, down from $576 thousand and $136 thousand respectively in Q4 2019. For the full year 2020, revenue decreased by 57% to $1.1 million, with a net loss of $(469) thousand compared to a profit of $27 thousand in 2019. The Board approved a quarterly dividend of $7.50 per share, payable on March 31, 2021. The Company will no longer hedge oil and gas royalty revenues, encouraging shareholders to adopt their own strategies regarding this risk.