CKX(CKX)

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CKX(CKX) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
Revenue Growth - Total revenues for the three months ended September 30, 2022, were $330,232, an increase of approximately 90% compared to the same period in 2021[78]. - Oil and gas revenues for the nine months ended September 30, 2022, were $412,375, representing a 60.1% increase from $257,555 in 2021[85]. - Timber sales for the nine months ended September 30, 2022, were $198,283, a 72.6% increase from $114,877 in 2021[85]. - Surface revenue for the nine months ended September 30, 2022, was $211,704, an increase of 26.5% compared to $167,297 in 2021[85]. - Oil revenues for the three months ended September 30, 2022, were $170,376, a 69.2% increase from $100,715 in 2021[79]. - Gas revenues for the three months ended September 30, 2022, were $17,199, a 163.3% increase from $6,532 in 2021[79]. Pricing Information - The average oil sales price per barrel for the three months ended September 30, 2022, was $107.49, compared to $60.94 in 2021[80]. - The average gas sales price per MCF for the three months ended September 30, 2022, was $8.25, up from $3.28 in 2021[80]. Production Data - Net oil production decreased from 3,975 Bbl in 2021 to 3,734 Bbl in 2022, while average oil sales price increased from $56.90 to $98.34 per Bbl, resulting in an increase in oil revenues by $141,047[88]. - Net gas production decreased from 9,275 MCF in 2021 to 6,692 MCF in 2022, with average gas sales price rising from $3.04 to $6.22 per MCF, leading to an increase in gas revenues by $13,431[88]. - Timber revenue increased from $114,877 in 2021 to $198,283 in 2022, attributed to normal business variations in timber customers' harvesting[90]. Expenses and Cash Flow - General and administrative expenses increased by $788,294 for the nine months ended September 30, 2022, primarily due to share-based compensation and increased payroll expenses[94]. - Net cash provided by operating activities improved from ($63,893) in 2021 to $176,096 in 2022, driven by higher revenues from oil, gas, timber, and surface operations[100]. - Net cash used in investing activities was ($26,421) in 2022, compared to $988,570 in 2021, primarily due to purchases of mutual funds and property, plant, and equipment[101]. Assets and Liabilities - The company had no outstanding debt as of September 30, 2022, and current assets totaled $8,122,422 against current liabilities of $203,926[96][97]. Strategic Initiatives - The company is exploring strategic alternatives for growth, including land acquisitions and business combinations, to enhance shareholder value[99]. - The company is actively searching for additional undeveloped acres in Southwest Louisiana suitable for residential subdivisions[76]. - The company has closed on the sale of 21 out of 39 lots in its ranchette-style subdivisions as of September 30, 2022[74]. Land Sale Performance - Gain on sale of land decreased from $851,582 in 2021 to $261,316 in 2022 for the nine months ended September 30[95]. - Surface revenues rose by $44,407 for the nine months ended September 30, 2022, due to one-time oil and gas delay rentals and new surface leases[91].
CKX(CKX) - 2022 Q2 - Quarterly Report
2022-08-10 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...
CKX(CKX) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...
CKX(CKX) - 2021 Q4 - Annual Report
2022-03-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock with no par value CKX NYSE American Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-31905 CKX Lands, ...
CKX(CKX) - 2021 Q3 - Quarterly Report
2021-11-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...
CKX(CKX) - 2021 Q2 - Quarterly Report
2021-08-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...
CKX(CKX) - 2021 Q1 - Quarterly Report
2021-05-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...
CKX(CKX) - 2020 Q4 - Annual Report
2021-03-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock with no par value CKX NYSE American Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-31905 CKX Lands, ...
CKX(CKX) - 2020 Q3 - Quarterly Report
2020-11-06 19:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...
CKX(CKX) - 2020 Q2 - Quarterly Report
2020-08-06 18:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-31905 CKX Lands, Inc. (Exact name of registrant as specified in its charter) Louisiana 72-0144530 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...