Altex Industries Inc
altexinc.comWhat Do They Do?
Owns interests in onshore oil and gas properties whose operators sell production to refiners, pipeline operators and processing plants, and buys and sells producing properties.
10-K for FY2025, filed Nov 28, 2025Altex Industries, Inc. (or the "Registrant" or the "Company," each of which terms, when used herein, refer to Altex Industries, Inc. and/or…View ↗
All of AOC’s interests are in properties operated by others. An interest owner in a property not operated by that interest owner must rely…View ↗
The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and…View ↗
How Do They Make Money?
Most revenue comes from oil and gas production sales, based on the sales dates reported by operators, and interest as it is earned. The company also receives occasional mineral-lease bonuses when it has an executed agreement and the bonus payment.
10-K for FY2025, filed Nov 28, 2025Revenue recognition: The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Substantially all…View ↗
$18K
-
10-K for FY2025, filed Nov 28, 2025
$18K ↗
Who Are Their Customers?
Refiners, pipeline operators and processing plants buy production from the operators of properties in which AOC holds interests.
10-K for FY2025, filed Nov 28, 2025
Do Revenues Turn Into Profits?
No. It lost $192K in FY2025.
10-K for FY2025, filed Nov 28, 2025
10-K for FY2025, filed Nov 28, 2025
−$192KView ↗
How Are They Changing?
Shrinking. Revenue fell 59% in 4 years, from $44K in FY2021 to $18K in FY2025, about 20% a year.
Loading...
