CKX Lands Inc
ckxlands.comWhat Do They Do?
Collects royalties from oil and gas operators, sells timber, and leases land for farming, hunting and commercial uses.
10-K for FY2025, filed Mar 31, 2026Today the Company’s income is derived from mineral royalties, timber sales and surface payments from its lands. CKX receives income from…View ↗
CKX leases its property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and…View ↗
Timber income is derived from sales of timber on Company lands. The timber income will fluctuate depending on our ability to secure…View ↗
Surface income is earned from various recurring and non-recurring sources. Recurring surface income is earned from lease arrangements for…View ↗
How Do They Make Money?
CKX earns royalties when operators produce oil and gas, adjusting monthly estimates when payments arrive; timber buyers pay by harvest volume. Agricultural and hunting leases generate annual payments, while right-of-way and temporary workspace leases provide nonrecurring income.
10-K for FY2025, filed Mar 31, 2026Oil and gas revenue is generated through customer contracts, where we provide the customer access to a designated tract of land upon which…View ↗
Timber revenue is generated through customer contracts executed as a pay-as-cut arrangement, where the customer acquires the right to…View ↗
We satisfy our performance obligation when timber is severed, at which time revenue is recognized. The transaction price for timber sales…View ↗
Surface revenue is earned through annual leases for agricultural and hunting activities and the Company records revenues evenly over the…View ↗
Surface revenue is also earned through right of way and related temporary work-space leases, both of which are not unusual in occurrence…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$838.5K
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10-K for FY2025, filed Mar 31, 2026
$838.5K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil and Gas
Usage-based
10-K for FY2025, filed Mar 31, 2026 |
81%
FY2022: 73%
|
Oil and Gas, FY2025
$415.5K Sources
|
Usage-based |
|
Timber
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
19%
FY2022: 27%
|
Timber, FY2025
$94.8K Sources
|
Sold outright |
Who Are Their Customers?
Oil and gas operators lease mineral rights; timber buyers compete in bids, while farming, hunting and other users take surface leases.
10-K for FY2025, filed Mar 31, 2026The Company’s customers are those who have mineral leases on Company lands, purchase timber in competitive bids or execute surface leases…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Growing. Revenue grew 13% in 4 years, from $744.5K in FY2021 to $838.5K in FY2025, about 3% a year.
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