CKX Lands Inc
ckxlands.comCKX Lands Inc (NYSE American: CKX) is a land company that owns and manages acreage in Louisiana, generating revenue by leasing surface rights, collecting oil and gas royalties, and selling timber. Revenue comes from three streams: oil and gas income, timber sales, and surface revenue, which together totaled $838,543 in FY2025, down from $1,521,124 in FY2024. Surface revenue was the largest contributor in FY2024 at $1,081,053 but fell 69.6% to $328,249 in FY2025. Oil and gas revenue was $415,469 in FY2025, essentially flat year over year. Timber sales rose 326.7% to $94,825 in FY2025. CKX does not conduct exploration, drilling, or production activities. The company holds land across several Louisiana parishes, including Beauregard, Calcasieu, Jefferson Davis, Cameron, Natchitoches, Rapides, and Allen, with 715 total acres tracked across active segments as of the FY2025 10-K. The company operates with two part-time employees, its President, W. Gray Stream, and Chief Financial Officer, Scott Stepp. The board initiated a formal strategic alternatives process in August 2023.
Products & Services
Oil and gas royalty income, surface rights leases, timber sales. Segments as described in FY2025 10-K: oil and gas, timber, and surface.
Revenue Model
Royalty and lease income from oil and gas rights, surface rights lease revenue, and transactional timber sales. No exploration or production activities. Revenue is passive, derived from third-party use of owned land.
Customers & Markets
Third parties who lease surface rights and oil and gas rights on CKX-owned Louisiana land. Timber purchasers. No specific customer names or concentration data disclosed in the filing excerpts.
Geographic Exposure
Exclusively Louisiana, United States. Land held in Beauregard, Calcasieu, Allen, Jefferson Davis, Natchitoches, Cameron, and Rapides parishes as of the FY2025 10-K filing.
Financial Snapshot
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