Quarterly ResultAug 7, 2026, 01:41 PM
CKX Lands Q2 Net Income Down 24% to $122K; EPS $0.06
AI Summary
CKX Lands, Inc. reported a 24.1% decrease in net income to $122,235 for the second quarter of 2026, with basic EPS falling 25% to $0.06. While Q2 total revenue increased by 23.8% to $168,314, driven by surface revenue, six-month net income and total revenue saw significant declines of 35.8% and 30% respectively. The company also reported negative cash flow from operating activities and a decrease in cash and cash equivalents, as it continues to explore strategic alternatives including potential land sales.
Key Highlights
- Q2 2026 net income decreased 24.1% to $122,235 from $161,042 in Q2 2025.
- Q2 2026 basic EPS fell 25% to $0.06 from $0.08 in Q2 2025.
- Q2 2026 total revenue increased 23.8% to $168,314, primarily due to higher surface revenue.
- Six-month 2026 net income decreased 35.8% to $177,479 from $276,615 in 2025.
- Six-month 2026 total revenue decreased 30% to $338,974 from $484,119 in 2025.
- Cash and cash equivalents declined to $15.3 million as of June 30, 2026, from $18.0 million at year-end 2025.
- Net cash used in operating activities was $464,225 for the six months ended June 30, 2026.
- The company continues to evaluate strategic alternatives to enhance shareholder value.
Price Impact
More from CKX