Altex Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 05, 2022 at 05:08 pm EDT
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Altex Industries, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported revenue was USD 0.009 million compared to USD 0.009 million a year ago. Net loss was USD 0.029 million compared to USD 0.031 million a year ago.
For the nine months, revenue was USD 0.035 million compared to USD 0.02 million a year ago. Net income was USD 0.361 million compared to net loss of USD 0.108 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
Altex Industries, Inc. is a holding company. The Company, through its operating subsidiary, Altex Oil Corporation (AOC), owns interests in onshore oil and gas properties, has bought and sold producing oil and gas properties. The Company has also participated in the drilling of exploratory and development wells, and in recompletions of existing wells. All of AOC's interests are in properties operated by others. The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and processing plants. The Company's estimated reserves are 1,300 barrels of developed oil reserves associated with its 4.4% override in the Glo Field in Campbell County, Wyoming. The Company owns small mineral interests in Utah. All the Company's production is located in Utah and Wyoming.
ALTEX INDUSTRIES, INC. 