Altex Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 03, 2024 at 05:03 pm EDT
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Altex Industries, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 0.006 million compared to USD 0.007 million a year ago. Net loss was USD 0.03 million compared to USD 0.021 million a year ago.
For the six months, revenue was USD 0.012 million compared to USD 0.02 million a year ago. Net loss was USD 0.046 million compared to USD 0.097 million 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. 