AMEN Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2017
September 12, 2017
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AMEN Properties, Inc. reported earnings results for the second quarter ended June 30, 2017. The company posted quarterly revenue of $606,000 and net income of $49,000 or $0.92 per diluted share. These results compare to revenue of $321,000 and net loss of $44,000 or $0.83 per diluted share, for the same quarter last year. The increases in revenue and profitability were driven by rising commodity prices for oil and gas and significant losses recognized in 2016 from the sale of marketable securities.
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).