Every 10-Q that ALTEX INDUS INC (ALTX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALTX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALTX filings page.
Altex Industries, Inc. reported minimal operating activity for the quarter ended June 30, 2026, but posted a profit due to non-operating income. Revenue from oil and gas sales was $6,000 for the quarter and $17,000 for the nine months, far below operating expenses of $56,000 and $190,000, respectively.
Net income for the quarter was $21,000, driven mainly by a $49,000 gain on the sale of Utah and Wyoming interests and $22,000 of interest income. For the nine months, the company recorded a net loss of $56,000, improving from a $160,000 loss a year earlier as general and administrative expense declined.
Cash and cash equivalents were $2,474,000 at June 30, 2026, with no financial debt other than lease liabilities, but operating activities used $120,000 of cash over nine months. Management states that at current production, cash balances, interest rates, and commodity prices, revenue is unlikely to exceed expenses and the company is likely to experience continued net losses and negative cash flow from operations unless it invests a substantial portion of its cash in producing oil and gas interests or other ventures. Related-party accrued salary and bonus payable to the president totaled $1,235,000, which may be called for payment at any time.
Altex Industries, Inc. reported a small loss and continued cash burn for the quarter and six months ended March 31, 2026. For the quarter, revenue from oil and gas sales was only $4,000 against operating expenses of $72,000, partly offset by $21,000 of interest income, resulting in a net loss of $47,000.
For the six-month period, revenue totaled $11,000 and other income $46,000, versus operating expenses of $134,000, leading to a net loss of $77,000 and operating cash use of $67,000. Cash and cash equivalents were $2,478,000 and total assets $2,651,000, while a significant related-party accrual of $1,235,000 is owed to the president and may be called for payment at any time.
Management notes that at current production, cash balances, interest rates, and oil and gas prices, revenue is unlikely to exceed expenses, and the company expects continued net losses unless it invests in producing oil and gas interests or other cash-generating ventures. The company states that climate change regulations are not expected to have a material impact and that its disclosure controls and procedures are considered effective.
Altex Industries, Inc. reported a small net loss of $30,000 for the three months ended December 31, 2025, an improvement from a $116,000 loss a year earlier. Revenue from oil and gas sales was $7,000, up slightly from $5,000.
General and administrative expense fell sharply to $60,000 from $150,000, mainly because the prior-year quarter included $94,000 of bonus and related payroll tax expense under the president’s employment agreement. Cash and cash equivalents were $2,513,000 at period end.
The balance sheet shows $1,235,000 of related-party accrued expenses for unpaid salary, bonus, and payroll taxes owed to the president, which he can require the company to pay at any time. Management states the company is likely to continue experiencing negative cash flow and net losses unless it invests a substantial portion of its cash in producing oil and gas interests or other revenue-generating ventures. The company reports no material capital expenditure commitments and does not expect climate change regulations to materially affect its financial condition or results.