Ckx Lands, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 02:29 am IST
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CKX Lands, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 228,337 compared to USD 257,696 a year ago. Operating income was USD 54,563 compared to USD 75,916 a year ago. Net income was USD 57,970 compared to USD 85,400 a year ago. For the nine months, total revenue was USD 598,620 compared to USD 998,423 a year ago. Operating income was USD 142,297 compared to USD 1.351 million a year ago. Net income was USD 186,962 compared to USD 1.074 million 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. 
