Ckx Lands, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 08, 2020 at 12:57 am IST
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CKX Lands, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 180,391 compared to USD 153,475 a year ago. Operating income was USD 55,955 compared to USD 89,360 a year ago. Net income was USD 58,382 compared to USD 105,721 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago.
CKX Lands, Inc. is engaged in the business of ownership and management of land. Its activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber and surface use (agriculture, right of ways, hunting). Its segments include oil and gas, surface and timber. It leases its property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and lease rentals and geophysical revenues. It receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Oil and Gas segment provides the customer access to a designated tract of land upon which the customer performs exploration, extraction, production and ultimate sale of the oil and gas. It receives royalties on all oil and gas produced by the customer. Timber income is derived from sales of timber on its lands. Surface income is earned from various recurring and non-recurring sources.
CKX LANDS, INC. 
