CKX LANDS, INC.

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.