Amen Properties Q1 net income jumps on leasehold sale

AMEN PROPERTIES INC

AMEN PROPERTIES INC

AMEN

0.00


Overview

  • US oil and gas property owner's Q1 oil and gas revenue declined yr/yr

  • Q1 net income rose sharply, driven by $2.3 mln gain from leasehold sale

  • Company declared $12.50 per share quarterly dividend


Outlook

  • Company did not provide specific guidance or outlook for future periods


Result Drivers

  • LEASEHOLD SALE - Co said higher Q1 net income was primarily due to $2.3 mln gain from sale and assignment of leasehold interests


Company press release: ID:nBwxLj9Ga


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Dividend

$12.50


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