CKX LANDS, INC.

CKX Lands, Inc. has entered into a material definitive agreement for a $1 billion equity investment from Jacobs Private Equity II, LLC and other investors. This investment will result in Jacobs Private Equity II becoming the controlling stockholder, with Brad Jacobs set to become Chairman and CEO. The company will also undergo a corporate restructuring, including a domestication to Delaware, a holding company reorganization, and a 4.1744380:1 reverse stock split. In conjunction with the investment, CKX will issue preferred stock and warrants to the investors, and a cash dividend will be distributed to existing stockholders.

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.

CKX Lands, Inc. provided an update on its strategic alternatives review process, which was initiated in August 2023 to enhance stockholder value. Following the sale of 6,548 acres for $8.6 million in November 2025, the company continues to explore options including a full or partial sale. Interested parties are requested to submit their interest to financial advisor TAP Advisors by June 30, 2026. The company cautions there is no assurance a transaction will occur.

CKX Lands, Inc. reported a significant decline in its first quarter 2026 financial results, with net income falling to $55,244 from $115,573 in the prior year. Total revenue decreased by 51.0% to $170,660, primarily due to a 96.5% drop in oil and gas revenues, partially offset by a 99.2% increase in surface revenues. The decrease in oil and gas revenue was attributed to lower production, reduced average sales prices, and the impact of a land sale in November 2025.