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DALLAS - Amen Properties, Inc. (Pink Sheets: AMEN) reported a significant decline in financial performance for the first quarter ended March 31, 2025, according to a press release statement issued by the company. Despite the decline, InvestingPro data shows the company maintains a strong financial health score of "GREAT," with liquid assets exceeding short-term obligations by 5.6 times.
The company posted revenue of $728,000 and net income of $240,000 for the quarter, compared to $1.3 million in revenue and $702,000 in net income for the same period in 2024. This represents a 44% decrease in revenue and a 67% drop in net income year-over-year. According to InvestingPro analysis, this aligns with broader expectations, as analysts anticipate continued sales decline in the current year.
The company attributed the revenue decline primarily to changes in commodity prices and demand.
Amen Properties also announced that its Board of Directors approved a quarterly dividend of $10.00 per share, to be paid to shareholders of record on June 30, with payment scheduled for July 11. The company maintains an attractive dividend yield of 10%, significantly above its 5-year average of 12%.
Additionally, the company reiterated its board-approved plan to discontinue hedging the revenue stream associated with its oil and gas royalties. Kris Oliver, Amen’s Chief Financial Officer, stated, "Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk." Notably, InvestingPro data indicates the stock historically demonstrates low price volatility with a beta of 0.3, suggesting relatively stable price movements compared to the broader market.
Amen Properties owns a portfolio of cash-producing assets including real estate and oil and gas interests. The company’s complete first quarter report for 2025 is available on its website.
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