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Altex Industries Inc  (ALTX)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.2310 $0.02 10.000%
Day's High: $0.231 Week Perf: 10 %
Day's Low: $ 0.22 30 Day Perf: 20.94 %
Volume (M): 5 52 Wk High: $ 0.30
Volume (M$): $ 1 52 Wk Avg: $0.17
Open: $0.22 52 Wk Low: $0.14



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 11
 Employees 1
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Altex Industries Inc

Altex Industries, Inc. is a holding company with one full-time employee and one part-time employee that was incorporated in Delaware in 1985. Through its operating subsidiary, AOC, the Company currently owns interests, including working interests, in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and, to a lesser extent, has participated in the drilling of exploratory and development wells, and in recompletions of existing wells.

All of AOCs interests are in properties operated by others. An interest owner in a property not operated by that interest owner must rely on information regarding the property provided by the operator, even though there can be no assurance that such information is complete, accurate, or current. In addition, an owner of a working interest in a property is potentially responsible for 100% of all liabilities associated with that property, regardless of the size of the working interest actually owned.

The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and processing plants. If a refinery, pipeline, or processing plant that purchases such production were taken out of service, the operator could be forced to halt the production that is purchased by such refinery, pipeline, or plant.

Although many entities produce oil and gas, competitive factors play a material role in AOCs production operations only to the extent that such factors affect demand for and prices of oil and gas and demand for, supply of, and prices of oilfield services. The sale of oil and gas is regulated by Federal, state, and local agencies, and AOC is also subject to Federal, state, and local laws and regulations relating to the environment. These laws and regulations generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation. AOC regularly assesses its exposure to environmental liability and to reclamation, restoration, and dismantlement expense ("RR&D"), which activities are covered by Federal, state, and local regulation. AOC does not believe that it currently has any material exposure to environmental liability or to RR&D, net of salvage value, although this cannot be assured.



   Company Address: 700 Colorado Blvd #273 Denver 80206 CO
   Company Phone Number: 265-9312   Stock Exchange / Ticker: ALTX
   


Customers Net Income grew by ALTX's Customers Net Profit Margin grew to

147.84 %

5.07 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
EOG        2.26% 
EQT   -3.24%    
OXY        3.37% 
PXD        3.52% 
SWN   -0.14%    
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Altex Industries Inc

Altex Industries Inc Reveals Staggering 33% Revenue Drop in Q3 2023 Amid Fiscal Year End - Reaches Surprising Break-Even Point

Altex Industries Inc, a company operating in the [insert industry], recently announced its financial results for the third quarter of 2023. The company reached break-even at $0.00 per share, which is the same as last year and the preceding financial reporting period. This is an encouraging sign for the company as it indicates that it has managed to stabilize its financial position.
However, the company experienced a decline in revenue for the third quarter. The revenue faded by 33.333% to $0.01 million compared to the same period a year ago. Sequentially, the revenue deteriorated by 14.286% from the preceding financial reporting period. These numbers suggest that Altex Industries Inc has faced challenges in generating consistent revenue growth.

Altex Industries Inc

Altex Industries Inc Faces Decrease in Revenue and Net Loss in Q2 2023 Earnings Season

Financial Report: Altex Industries Inc Suffers Net Loss in Q2 2023
Altex Industries Inc, a manufacturing company based in the United States, released its Q2 2023 earnings report on Thursday. The report highlighted that the company had experienced a decrease in revenue and earnings compared to the same quarter the previous year, resulting in a net loss for the periodThe Q2 2023 report showed that Altex Industries Inc had earned $0.00 per share during the quarter, compared to the $0.03 per share reported in the same period the previous year. Furthermore, the company's revenue had taken a hit, with a significant decrease of 46.154% sequentially from the preceding financial reporting period, resulting in a total of $0.01 million as opposed to $0.01 million from the corresponding financial reporting period in the previous year.
The report went on to show that Altex Industries Inc logged a net loss of $-0.021 million during the quarter, a decline compared to the net income of $0.00 in the corresponding financial reporting period a year before.
Despite the decrease in revenue and earnings, Altex Industries Inc is hopeful for better results in the future. The company is continuing to invest in their research and development capabilities to improve their products and services. Their long-term outlook remains strong, and they expect to see a positive impact from their strategic investment in the coming fiscal years.
Altex Industries Inc also confirmed that they are expecting to report their next financial earnings on August 04, 2023. Stock analysts and investors will be closely monitoring the results of the next earnings report to determine if Altex Industries Inc's strategic investments are successful in improving the company's financial health.
In conclusion, Altex Industries Inc's Q2 2023 earnings report showed a decline in both earnings and revenue, resulting in a net loss for the period. Nonetheless, the company remains committed to investing in their research and development capabilities to improve their products and services, providing hope for a strong long-term financial outlook.






 

Altex Industries Inc's Segments
 
 
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