Amen Properties Inc. has released its financial results for the first quarter of 2025, reporting a revenue of $728 thousand and a net income of $240 thousand. This marks a decline from the same quarter in 2024, when the company reported revenue of $1.3 million and net income of $702 thousand. The decrease in revenue is attributed primarily to changes in commodity prices and demand. Additionally, Amen Properties announced that its Board of Directors has approved a quarterly dividend of $10.00 per share, which will be paid to shareholders of record on June 30, with the payment date set for July 11. The company also noted a strategic update, with the Board approving a plan to stop hedging the revenue stream associated with its oil and gas royalties. Kris Oliver, Amen's Chief Financial Officer, highlighted that shareholders should be aware of holding an un-hedged long oil and gas position and advised them to consider their own hedging strategies if concerned about this risk. The full report for the first quarter of 2025 is available on Amen Properties' website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMEN Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250620193109) on June 20, 2025, and is solely responsible for the information contained therein.
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