ALTEX INDUSTRIES INC (ALTX) Form 10-Q — Jul 31, 2026
Altex Industries reported net income of $21,000 for the three months ended June 30, 2026, compared to a net loss of $(12,000) in the prior year period. The profitability was driven by a $49,000 gain on the sale of certain oil, gas, and mineral interests in Utah and Wyoming, partially offset by operating expenses of $56,000. The company remains a microcap entity with minimal revenue, recording only $6,000 in oil and gas sales for the quarter. Management stated that at current production levels, revenue is unlikely to exceed expenses without a substantial investment in new producing properties or other revenue-generating ventures.
Key figures
- Eps
- 0.00
- Revenue
- 6000
- Net Income
- 21000
- Total Assets
- 2670000
- Cash Position
- 2474000
- Shares Outstanding
- 11187640
- Gain on sale of assets
- 49000
AI analysis
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