-

Amen Properties Reports Results for Fourth Quarter of 2024 and Announces Dividend

DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal year ended December 31, 2024. The Company posted revenue of $4.1 million and net income of $2.1 million. These results compare to revenue of $3.7 million and net income of $2.0 million for 2023. The Company's higher revenue and profitability in 2024 were mainly due to increased commodity prices.

Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10.00 per share. Additionally, the Board approved payment of a special dividend of $4.03 per share to satisfy the Company’s tithing obligation for 2024. Both dividends will be paid to shareholders of record on March 31 with a payment date of April 11.

Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk”, said Kris Oliver, Amen’s Chief Financial Officer.

The Company’s 2024 annual report is available for viewing or download from the company’s web site – www.amenproperties.com.

About Amen Properties:

Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.

Cautionary Statement:

This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Contacts

Press and Investor Relations Contact:
Kris Oliver
(972) 664-4597

Amen Properties, Inc.

OTC Pink:AMEN

Release Versions

Contacts

Press and Investor Relations Contact:
Kris Oliver
(972) 664-4597

More News From Amen Properties, Inc.

Amen Properties Reports Results for Third Quarter of 2024 and Announces Dividend

DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for the third quarter of 2024. The Company posted revenue of $857 thousand and net income of $626 thousand. These results compare to revenue of $932 thousand and net income of $495 thousand for same period in 2023. Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10.00 per share. The dividend will be paid to shareholders of record on...

Amen Properties Reports Results for Second Quarter of 2024 and Announces Dividend

DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for the second quarter of 2024. The Company posted revenue of $1.3 million and net income of $574 thousand. These results compare to revenue of $1.2 million and net income of $637 thousand for the same period in 2023. Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10.00 per share. The dividend will be paid to shareholders of record...

Amen Properties Reports Results for First Quarter of 2024 and Announces Dividend

DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for the first quarter of 2024. The Company posted revenue of $1.3 million and net income of $702 thousand. These results compare to revenue of $495 thousand and net income of $510 thousand for same period in 2023. The Company’s improvement in revenue and profitability resulted primarily from increased commodity prices. Amen also announced that the Company’s Board of Directors has approved the pa...
Back to Newsroom