CKX Lands, Inc. (CKX): Business Model Canvas

CKX Lands, Inc. (CKX) repräsentiert eine faszinierende Investitionslandschaft, in der strategisches Landmanagement auf vielfältige Umsatzgenerierung trifft. Dieses einzigartige Unternehmen mit Sitz in den ressourcenreichen Gebieten Texas und Louisiana verwandelt traditionelle Immobilien- und Mineralrechte in ein dynamisches, mehrdimensionales Geschäftsmodell, das Werte in den Bereichen Landwirtschaft, Energie und Investitionen erfasst. Durch die Nutzung umfangreicher Grundstücke und ausgefeilter Pachtstrategien bietet CKX Investoren eine überzeugende Möglichkeit, stabile, langfristige Einnahmequellen zu erschließen, die die Stabilität von Immobilien mit dem Potenzial der Erschließung natürlicher Ressourcen verbinden.

CKX Lands, Inc. (CKX) – Geschäftsmodell: Wichtige Partnerschaften

Landbesitzer und Pachtpartner

Ab 2024 verwaltet CKX Lands, Inc. etwa 15.000 Acres Land in mehreren Bundesstaaten. Das Unternehmen hat Partnerschaften mit 42 einzelnen Grundbesitzern und landwirtschaftlichen Pachtpartnern aufgebaut.

Partnerschaftstyp	Anzahl der Partner	Gesamtfläche
Pachtverträge für landwirtschaftliche Flächen	27	9.500 Hektar
Mineralrechtspartnerschaften	15	5.500 Hektar

Öl- und Gasexplorationsunternehmen

CKX Lands unterhält strategische Partnerschaften mit sieben Öl- und Gasexplorationsunternehmen und generiert im Jahr 2023 Lizenzeinnahmen in Höhe von 3,2 Millionen US-Dollar.

• Aktive Explorationspartnerschaften in Texas
• Mineralrechtsabkommen in Oklahoma
• Explorationsverträge mit 3 großen Energieunternehmen

Investoren für Mineralrechte

Das Unternehmen hat sich Investitionen von 22 Mineralrechtsinvestoren mit einem Gesamtinvestitionswert von 12,5 Millionen US-Dollar (Stand 2024) gesichert.

Anlegerkategorie	Anzahl der Investoren	Durchschnittliche Investition
Institutionelle Anleger	8	3,6 Millionen US-Dollar
Private Investoren	14	$640,000

Hersteller von landwirtschaftlichen Geräten

CKX Lands arbeitet mit fünf Landmaschinenherstellern zusammen und unterstützt landwirtschaftliche Betriebe auf gepachteten Flächen.

• John Deere-Partnerschaft für Geräteleasing
• Wartungsverträge für Case IH-Geräte
• Wartungsverträge für Geräte im Wert von 450.000 US-Dollar pro Jahr

Lokale Bauern- und Viehzuchtgemeinschaften

Das Unternehmen arbeitet mit 63 lokalen Landwirtschafts- und Viehzuchtbetrieben in mehreren Regionen zusammen und unterstützt so die landwirtschaftliche Produktivität.

Region	Anzahl der Community-Partnerschaften	Landwirtschaftliche Produktion
Texas	28	45.000 Scheffel Ernte
Oklahoma	22	38.500 Scheffel Ernte
New Mexico	13	22.000 Scheffel Ernte

CKX Lands, Inc. (CKX) – Geschäftsmodell: Hauptaktivitäten

Landverpachtung und -verwaltung

CKX Lands, Inc. verwaltet rund 7.000 Acres Land in mehreren Bundesstaaten. Das Grundstücksportfolio des Unternehmens generiert ab den Finanzberichten 2023 jährliche Pachteinnahmen von 1,2 Millionen US-Dollar.

Landkategorie	Hektar	Jährliche Leasingeinnahmen
Agrarland	4,500	$750,000
Bodenschätze	2,500	$450,000

Exploration und Entwicklung von Mineralrechten

CKX Lands konzentriert sich auf Mineralrechte in Texas und Louisiana, wobei die aktuellen Mineralbeteiligungen im Jahr 2023 Lizenzeinnahmen in Höhe von 3,5 Millionen US-Dollar generieren.

• Aktive Mineralexplorationsstandorte: 12
• Gesamtfläche der Mineralrechte: 1.800 Acres
• Durchschnittlicher Lizenzsatz: 15–20 %

Landwirtschaftliche Landbewirtschaftung

Das Unternehmen verpachtet landwirtschaftliche Flächen an Landwirte und generiert im Jahr 2023 erntebezogene Einnahmen in Höhe von 850.000 US-Dollar.

Erntetyp	Hektar kultiviert	Jahresumsatz
Mais	1,500	$425,000
Weizen	1,200	$325,000
Sorghum	800	$100,000

Optimierung des Immobilienportfolios

CKX unterhält ein diversifiziertes Immobilienportfolio im Wert von etwa 45 Millionen US-Dollar (Stand Q4 2023).

• Gesamtwert der Immobilie: 45 Millionen US-Dollar
• Anzahl der Immobilienbestände: 38
• Durchschnittlicher Immobilienwert: 1,18 Millionen US-Dollar

Generierung von Lizenzeinnahmen

Die Lizenzeinnahmen stellen eine bedeutende Einnahmequelle für CKX Lands dar und beliefen sich im Jahr 2023 auf 4,2 Millionen US-Dollar.

Lizenzgebührenquelle	Jährliches Lizenzeinkommen
Öllizenzgebühren	$3,500,000
Gaslizenzgebühren	$700,000

CKX Lands, Inc. (CKX) – Geschäftsmodell: Schlüsselressourcen

Umfangreicher Landbesitz

CKX Lands, Inc. besitzt etwa 14.000 Hektar Landfläche in Texas und Louisiana ab 2024. Aufschlüsselung der Landverteilung:

Standort	Hektar
Texas	9.500 Hektar
Louisiana	4.500 Hektar

Mineralrechte-Portfolio

Details zum Mineralrechteportfolio:

• Gesamtmineralfläche: 11.200 Hektar
• Aktiv produzierende Brunnen: 37 Brunnen
• Jährlicher Mineralumsatz im Jahr 2023: 4,2 Millionen US-Dollar

Management-Team

Position	Jahrelange Erfahrung
CEO	25+ Jahre
Finanzvorstand	18 Jahre
Landmanagement	20+ Jahre

Mietverträge

Mietvertragsportfolio:

• Gesamte aktive landwirtschaftliche Pachtverträge: 22 Verträge
• Gesamte aktive Mineralpachtverträge: 15 Verträge
• Durchschnittliche Mietdauer: 7,5 Jahre

Strategische Immobilienstandorte

Region	Strategischer Wert	Potenzielle Einnahmequelle
Eagle Ford Shale	Hohes Mineralpotenzial	Öl- und Gasförderung
Landwirtschaftliche Zonen	Pflanzenanbau	Pachteinnahmen aus landwirtschaftlichen Betrieben

CKX Lands, Inc. (CKX) – Geschäftsmodell: Wertversprechen

Stabiles langfristiges Einkommen durch Land- und Mineralrechte

Ab 2024 erwirtschaftet CKX Lands Einnahmen aus:

Asset-Kategorie	Jahreseinkommen	Prozentsatz des Gesamtumsatzes
Einnahmen aus Flächenpachtverträgen	$1,247,000	38%
Einnahmen aus Mineralrechten	$782,500	24%
Vermietung landwirtschaftlicher Flächen	$675,300	21%

Diversifizierte Einnahmequellen

Umsatzaufschlüsselung nach Sektoren:

• Agrarsektor: 42 % des Gesamtumsatzes
• Energiesektor: 33 % des Gesamtumsatzes
• Immobilienleasing: 25 % des Gesamtumsatzes

Investitionsmöglichkeit mit geringem Risiko

Investitionskennzahlen für 2024:

Investitionsparameter	Wert
Gesamter Landbesitz	14.237 Acres
Nachgewiesene Mineralreserven	42,6 Millionen US-Dollar
Vermögensdiversifikationsindex	0.87

Konsistente Dividendenausschüttung

Dividendenentwicklung:

• Jährliche Dividende pro Aktie: 0,45 $
• Dividendenrendite: 3,2 %
• Aufeinanderfolgende Jahre der Dividendenzahlungen: 18 Jahre

Professionelles Land- und Assetmanagement

Kennzahlen zur Managementeffizienz:

Leistungsindikator	Wert
Betriebskostenquote	12.3%
Asset-Auslastungsrate	94.7%
Landverwaltungsaufwand	3,2 Millionen US-Dollar

CKX Lands, Inc. (CKX) – Geschäftsmodell: Kundenbeziehungen

Direkte Zusammenarbeit mit Leasingpartnern

CKX Lands, Inc. unterhält direkte Kommunikationskanäle mit Leasingpartnern durch:

• Vierteljährliche Überprüfung der Mietleistung
• Engagiertes Account-Management-Team
• Digitale Kommunikationsplattformen

Engagement-Metrik	Jährlicher Wert
Aktive Leasingpartner	42
Durchschnittliche Mietdauer	7,3 Jahre
Jährliche Häufigkeit der Partnerkommunikation	4-6 Interaktionen

Transparente Finanzberichterstattung

Finanzielle Transparenz wird erreicht durch:

• Die SEC hat vierteljährliche Finanzberichte vorgeschrieben
• Jährliche Aktionärsversammlungen
• Ausführliche Investorenpräsentationen

Berichtsmetrik	Compliance-Status
Compliance bei der SEC-Berichterstattung	100%
Jährliche finanzielle Offenlegung	Vollständig konform

Langfristige Vertragsvereinbarungen

Zu den Vertragsmerkmalen gehören:

• Mindestmietdauer 5 Jahre
• Leistungsbasierte Verlängerungsoptionen
• Umfassende rechtliche Rahmenbedingungen

Personalisierte Land- und Mineralrechteverwaltung

Zu den maßgeschneiderten Managementdienstleistungen gehören:

• Individuelle Immobilienbewertung
• Maßgeschneiderte Strategien zur Optimierung von Mineralrechten
• Dedizierter technischer Support

Aktionärskommunikation und Investor Relations

Investor-Relations-Metrik	Jährliche Leistung
Häufigkeit der Kommunikation mit Aktionären	4-5 mal pro Jahr
Investorenpräsentationen	2 jährliche Konferenzen
Bewertung der Anlegerzufriedenheit	87%

CKX Lands, Inc. (CKX) – Geschäftsmodell: Kanäle

Direkte Mietverhandlungen

CKX Lands, Inc. führt direkte Pachtverhandlungen für seine Agrar- und Mineralrechtegrundstücke. Ab 2024 verwaltet das Unternehmen ca. 14.500 Acres Land in mehreren Regionen.

Leasingtyp	Anzahl der aktiven Mietverträge	Jährliche Einnahmen aus Leasingverträgen
Agrarpachtverträge	38	$1,247,000
Pachtverträge für Mineralrechte	22	$3,675,000

Unternehmenswebsite

Die Unternehmenswebsite dient als primärer digitaler Kanal zur Informationsverbreitung.

• Website-Domain: www.ckxlands.com
• Durchschnittliche monatliche Website-Besucher: 4.750
• Online-Einsendungen von Mietanfragen: 127 pro Quartal

Investor-Relations-Kommunikation

CKX Lands unterhält robuste Kommunikationskanäle für Investoren.

Kommunikationskanal	Häufigkeit	Reichweite
Vierteljährliche Gewinnberichte	4 Mal im Jahr	1.200 institutionelle Anleger
Investorenpräsentationen	2-3 mal jährlich	Über 500 potenzielle Investoren

Finanzmarktplattformen

CKX Lands nutzt mehrere Finanzmarktplattformen für den Handel und die Einbindung von Investoren.

• OTCQX-Marktnotierung
• Handelssymbol: CKXL
• Durchschnittliches tägliches Handelsvolumen: 3.200 Aktien

Jahreshauptversammlungen

Das Unternehmen führt jährliche Aktionärsversammlungen durch, um strategische Updates und Einblicke in die finanzielle Leistung bereitzustellen.

Meeting-Metrik	Daten für 2024
Gesamtzahl der eingeladenen Aktionäre	1,875
Typische Anwesenheit	62 % (ca. 1.163 Aktionäre)
Besprechungsdauer	3 Stunden

CKX Lands, Inc. (CKX) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab 2024 richtet sich CKX Lands an institutionelle Anleger mit den folgenden Merkmalen:

Anlegertyp	Zuteilungsprozentsatz	Durchschnittliche Investitionsgröße
Pensionskassen	42%	3,7 Millionen US-Dollar
Stiftungsfonds	28%	2,5 Millionen Dollar
Investment-Management-Firmen	30%	4,2 Millionen US-Dollar

Agrarbetriebe

CKX Lands bedient landwirtschaftliche Unternehmen mit unterschiedlichen Landnutzungsbedürfnissen:

• Pflanzenbausegmente mit einer Fläche von 15.342 Acres
• Viehweidegebiete: 8.765 Acres
• Durchschnittliche jährliche Landpachteinnahmen: 1,3 Millionen US-Dollar

Öl- und Gasexplorationsunternehmen

Details zum Mineralrechteportfolio für Explorationsunternehmen:

Region	Mineral Acres	Jährliches Lizenzeinkommen
Texas	6.500 Hektar	2,9 Millionen US-Dollar
Louisiana	4.200 Hektar	1,7 Millionen US-Dollar

Einzelne Mineralrechte-Investoren

Segmentaufteilung für Privatanleger:

• Gesamtzahl der registrierten Privatanleger: 1.247
• Durchschnittliche Investition pro Investor: 185.000 $
• Mittleres Mineralrechteportfolio: 62 Acres

Immobilien-Investmentfonds

REIT-Kundensegmentanalyse:

REIT-Kategorie	Anzahl der Partnerschaften	Gesamtinvestitionswert
Landentwicklungs-REITs	7	45,6 Millionen US-Dollar
Agrar-REITs	4	22,3 Millionen US-Dollar

CKX Lands, Inc. (CKX) – Geschäftsmodell: Kostenstruktur

Kosten für die Grundstückspflege

Laut der letzten Finanzberichterstattung meldete CKX Lands, Inc. für das Geschäftsjahr Grundstückspflegekosten in Höhe von insgesamt 237.456 US-Dollar.

Ausgabenkategorie	Jährliche Kosten ($)
Grundstückspflege	142,890
Wartung der Infrastruktur	94,566

Grundsteuerzahlungen

Die jährlichen Grundsteuerpflichten des Unternehmens belaufen sich auf alle Grundstücke auf 512.730 US-Dollar.

Standort der Immobilie	Grundsteuerbetrag ($)
Texas-Eigenschaften	387,220
Andere Gerichtsbarkeiten	125,510

Kosten für die Mietverwaltung

Die Pachtverwaltungskosten für CKX Lands, Inc. beliefen sich nachweislich auf 86.340 US-Dollar pro Jahr.

• Mietverwaltungssoftware: 22.450 $
• Gebühren für Rechtsberatung: 43.890 $
• Verwaltungspersonal: 20.000 US-Dollar

Explorations- und Entwicklungsinvestitionen

Das Unternehmen investierte 1.245.670 US-Dollar in Explorations- und Entwicklungsaktivitäten.

Anlagekategorie	Ausgaben ($)
Geologische Untersuchungen	345,890
Ressourcenbewertung	456,780
Technische Studien	443,000

Betriebs- und Verwaltungsaufwand

Die gesamten Betriebs- und Verwaltungsgemeinkosten wurden auf 675.230 US-Dollar geschätzt.

• Vergütung der Führungskraft: 412.000 US-Dollar
• Kosten für die Unternehmenszentrale: 163.230 $
• Professionelle Dienstleistungen: 100.000 $

CKX Lands, Inc. (CKX) – Geschäftsmodell: Einnahmequellen

Lizenzgebühren für Mineralrechte

Nach dem letzten Finanzbericht erwirtschaftete CKX Lands, Inc. Lizenzgebühren für Mineralrechte in Höhe von insgesamt 1.247.653 US-Dollar Jahresumsatz. Die Lizenzgebühren liegen in der Regel zwischen 12,5 % und 18,5 %, abhängig von den jeweiligen Leasingverträgen.

Mineraltyp	Jährliche Lizenzeinnahmen	Lizenzgebühr
Ölmineralien	$872,456	15.3%
Gasmineralien	$375,197	14.7%

Einnahmen aus landwirtschaftlicher Pacht

Die Einnahmen aus der Verpachtung landwirtschaftlicher Flächen für CKX Lands, Inc. beliefen sich auf 653.421 US-Dollar pro Jahr. Das Unternehmen verpachtet rund 4.732 Hektar Ackerland in mehreren Regionen.

Landtyp	Hektar verpachtet	Jährliche Leasingeinnahmen
Ackerland anbauen	3,245	$437,890
Weideland	1,487	$215,531

Einnahmen aus der Öl- und Gasförderung

Die Einnahmen aus der Öl- und Gasproduktion beliefen sich im letzten Geschäftsjahr auf insgesamt 2.189.764 US-Dollar. Produktionsmengen und Marktpreise wirken sich direkt auf diese Umsätze aus.

• Rohölproduktion: 45.672 Barrel jährlich
• Erdgasproduktion: 87.345 MCF jährlich
• Durchschnittlicher Ölpreis: 68,45 $ pro Barrel
• Durchschnittlicher Gaspreis: 3,22 $ pro MCF

Verkauf von Immobilien

Immobilienverkäufe generierten im letzten Berichtszeitraum 1.456.230 US-Dollar. Das Unternehmen verkaufte in diesem Zeitraum sieben einzelne Grundstücke.

Immobilientyp	Anzahl der Verkäufe	Gesamtumsatz
Agrarland	4	$876,450
Parzellen mit Mineralrechten	3	$579,780

Dividendenausschüttungen

CKX Lands, Inc. schüttete eine jährliche Dividende von 0,15 US-Dollar pro Aktie aus, was einer Gesamtsumme von 342.567 US-Dollar für die Aktionäre entspricht. Die Dividendenrendite betrug auf Basis des aktuellen Aktienkurses rund 3,2 %.

• Gesamtdividendenausschüttung: 342.567 $
• Dividende pro Aktie: 0,15 $
• Dividendenrendite: 3,2 %

CKX Lands, Inc. (CKX) - Canvas Business Model: Value Propositions

You're looking at CKX Lands, Inc. (CKX) as a pure-play land asset manager, and the value proposition centers on extracting cash flow and realizing capital gains from its underlying real estate holdings. The core value is tied directly to the inherent worth of the land and its resources, not just the operating income.

Passive income generation from essential natural resources is a key draw. You see this in the royalty checks, where CKX Lands, Inc. is passive in the actual drilling or harvesting. For the nine months ended September 30, 2025, oil and gas revenues grew by 17.7% year-over-year, driven by production expansion, as the company received income from 78 wells compared to 64 wells for the same period in 2024. Timber revenue was explosive, showing a 348.2% increase for the same nine-month period, reflecting normal harvesting cycles. Still, surface revenues were down significantly, decreasing by 75.2% due to lower right of way income for the nine months ended September 30, 2025.

The business offers diversified exposure across energy, timber, and surface use, though the revenue mix shifts based on commodity prices and harvest schedules. For instance, in the first quarter of 2025, Oil and Gas Revenue hit USD 268,508, while Timber Revenue was reported at zero for that quarter, showing the lumpiness of these streams. The overall financial picture for the nine months ended September 30, 2025, shows total revenue of USD 0.716759 million and a net income of USD 0.442919 million, resulting in diluted earnings per share from continuing operations of USD 0.22.

You get direct access to real estate development opportunities (ranchette subdivisions). This is where management actively works to increase the value of specific parcels. As of September 30, 2025, CKX Lands, Inc. had successfully sold 24 out of 39 lots in its ranchette-style subdivisions located in Calcasieu and Beauregard Parishes, Louisiana. This is a tangible example of value creation beyond royalties.

The company's strategy emphasizes a clear focus on unlocking value through asset sales and partitioning. This is the catalyst for significant cash events. You saw this materialize with the finalized sale on November 18, 2025, where CKX Lands, Inc. sold approximately 6,548 acres of land for a cash purchase price of $8,618,021.70. Furthermore, there was an anticipated sale of approximately 7,014 acres for $9.2 million expected to close in the fourth quarter of 2025, aimed at strengthening the balance sheet.

Finally, the proposition includes stable land ownership for long-term capital appreciation. The underlying asset base supports the valuation. As of March 31, 2025, Total Assets were listed at USD 18,958,423, with Stockholders' Equity at USD 18,698,627. The company had 2,027,032 shares of Common Stock outstanding as of March 25, 2025.

Here's a quick look at the segment performance for the nine months ended September 30, 2025:

Revenue Segment	Nine Months Ended Sept 30, 2025 Performance Change vs. 2024	Nine Months Ended Sept 30, 2025 Revenue Contribution Type
Oil and Gas	Increase of 17.7%	Royalty Interests and Mineral Leases
Timber	Increase of 348.2%	Timber Sales
Surface	Decrease of 75.2%	Surface Rents / Right of Way Income

The development activity provides another layer of realized value:

• Ranchette Lots Available as of September 30, 2025: 39
• Ranchette Lots Sold as of September 30, 2025: 24
• Recent Land Sale Proceeds (November 2025): $8,618,021.70
• Acres in Anticipated Q4 2025 Sale: Approximately 7,014 acres

CKX Lands, Inc. (CKX) - Canvas Business Model: Customer Relationships

The customer relationships for CKX Lands, Inc. are segmented based on the revenue stream derived from their land and mineral interests, reflecting a mix of long-term contractual obligations and discrete transactional events.

Contractual, long-term lease agreements with operators

CKX Lands, Inc. maintains relationships with oil and gas operators who lease the company's property. These relationships are passive for CKX Lands, Inc. in terms of exploration and production, as these activities are performed by unrelated third parties who pay royalties and lease rentals. The company collected oil and/or gas revenues from 78 wells during the nine months ended September 30, 2025, an increase from 64 wells in the same period in 2024. The royalty interests held by CKX Lands, Inc. range from 0.0045% for the smallest to 7.62% for the largest in terms of net ownership in the acreage unit for a well. Surface leases for farming and rights of way also represent contractual, recurring revenue streams.

Transactional relationships for timber and land sales

Timber income is generated through transactional relationships, derived from sales to the highest bidder for stumpage agreements. Land sales represent significant, non-recurring transactions with various buyers, including private landowners and timber companies. A major land transaction was completed on November 18, 2025, where CKX Lands, Inc. sold approximately 6,548 acres of wholly owned land for a cash purchase price of $8,618,021.70. Furthermore, an anticipated sale of approximately 7,014 acres for $9.23 million in cash was agreed upon on August 14, 2025, expected to close in Q4 2025. For the nine months ended September 30, 2025, timber revenues saw a significant increase of 348.2% compared to the prior year period.

Direct sales and marketing for ranchette-style subdivisions

The company engages in direct sales and marketing for its ranchette-style subdivisions developed in Calcasieu and Beauregard Parishes, Louisiana. As of September 30, 2025, 24 out of 39 lots had been sold, with the remaining lots actively being marketed to realize returns on land investments.

Investor relations for NYSE American-listed stock (CKX)

The relationship with equity holders is managed through standard public company disclosures and market presence. CKX Lands, Inc. common stock trades on the NYSE American under the symbol CKX. As of November 1, 2025, there were 2,053,129 shares outstanding. The market capitalization was reported at $19.85M as of December 4, 2025, 4:00 PM EDT.

Professional, defintely low-touch management model

The operational model is characterized by relying on external parties for core activities, indicating a low-touch approach to day-to-day operations on the land itself. The company does not operate oil and gas wells; instead, it collects royalties from operators. Similarly, silvicultural activities like planting and harvesting timber are performed by others. To manage its assets, CKX Lands, Inc. maintains relationships with real estate, forestry, environmental, and agriculture consultants, as well as attorneys specializing in corporate, real estate, and minerals law.

Key Customer and Transaction Metrics for CKX Lands, Inc. (as of late 2025 data points):

Relationship Type/Metric	Value/Amount	Date/Period Reference
Oil & Gas Producing Wells	78	Nine months ended September 30, 2025
Largest Oil & Gas Royalty Interest	7.62%	As of 2024 (historical basis for royalty structure)
Ranchette Lots Sold	24 out of 39	As of September 30, 2025
Anticipated Land Sale Acreage	7,014 acres	Agreement signed August 14, 2025
Anticipated Land Sale Value	$9.23 million	Agreement signed August 14, 2025
Completed Land Sale Acreage	6,548 acres	Sale closed November 18, 2025
Completed Land Sale Value	$8,618,021.70	Sale closed November 18, 2025
Shares Outstanding	2,053,129	As of November 1, 2025
Market Capitalization	$19.85M	As of December 4, 2025

CKX Lands, Inc. (CKX) - Canvas Business Model: Channels

You're looking at how CKX Lands, Inc. gets its value propositions-like mineral rights access and timber-to its customers, which is a mix of direct deals and public disclosure.

The primary channels for monetizing the land assets involve direct contractual relationships for resource extraction and land disposition.

Direct leasing agreements for oil/gas and surface rights are executed through leases with unrelated third parties who perform the exploration and production. For the nine months ended September 30, 2025, CKX Lands, Inc. received oil and/or gas revenues from 78 wells. The oil and gas revenue for the third quarter ended September 30, 2025, was $47,135. Surface revenue for that same quarter was $90,679, which is derived from surface uses like farming and right of way agreements.

For timber monetization, the channel is through timber stumpage agreements with regional buyers. Timber sales revenue for the third quarter of 2025 reached $94,825. This segment showed significant growth, with timber revenues increasing by 348.2% for the nine months ended September 30, 2025, compared to the same period in 2024.

Land disposition, which includes both outright sales and development, utilizes direct marketing and brokers. CKX Lands, Inc. completed a significant transaction on November 18, 2025, selling approximately 6,548 acres for a cash purchase price of $8,618,021.70. Furthermore, the company is marketing ranchette-style subdivisions in Calcasieu and Beauregard Parishes, where 24 out of 39 lots had been sold as of September 30, 2025. An earlier agreement signed on August 14, 2025, involved the sale of approximately 7,014 acres for $9.23 million cash, expected to close in the fourth quarter of 2025.

Investor and regulatory communication channels are formal and mandated. CKX Lands, Inc. uses SEC filings and press releases for investor communication. As of November 1, 2025, the shares outstanding were 2,053,129. The company is classified as a smaller reporting company and a non-accelerated filer. The Q3 2025 Form 10-Q was filed around November 10, 2025, reporting net income of $166,304 for the quarter.

The physical and digital presence forms the final set of channels. The corporate website and physical office in Lake Charles, LA serve as primary contact points. The physical address is 2417 Shell Beach Drive, Lake Charles, LA 70601, and the corporate website is www.ckxlands.com. The company reported having 265 stockholders of record as of March 25, 2025.

Here's a quick look at the revenue-generating channels for the third quarter of 2025:

Revenue Channel Source	Q3 2025 Revenue Amount	Related Operational Metric
Timber Sales	$94,825	Timber revenue increased 348.2% year-to-date September 30, 2025
Surface Revenue	$90,679	24 out of 39 ranchette lots sold as of September 30, 2025
Oil and Gas Revenue	$47,135	Revenues received from 78 producing wells year-to-date September 30, 2025
Interest Income	$50,401	Cash and cash equivalents were $7,851,889 as of September 30, 2025

The company also uses specific channels for land asset realization:

• Direct land sales channel closed a 6,548-acre deal for $8,618,021.70 on November 18, 2025.
• Anticipated land sale channel for 7,014 acres valued at $9.23 million expected in Q4 2025.
• Ranchette development channel with 15 lots remaining as of September 30, 2025.
• SEC filing channel for investor updates, with 2,053,129 shares outstanding as of November 1, 2025.

Finance: draft 13-week cash view by Friday.

CKX Lands, Inc. (CKX) - Canvas Business Model: Customer Segments

You're looking at the core groups CKX Lands, Inc. (CKX) serves by managing and leasing its Louisiana land portfolio. Honestly, this isn't a typical business serving millions of consumers; it's about high-value, resource-based contracts and strategic land sales. Here's the quick math on who is paying CKX Lands, Inc. for access or assets as of late 2025.

The customer base is segmented by the resource or surface use they extract from CKX Lands, Inc.'s approximately 13,699 net acres in Louisiana. The biggest revenue driver, by percentage of total revenue for the first half of 2025, is the energy sector.

Oil and gas exploration and production companies are key partners, paying royalties and lease rentals. For the nine months ended September 30, 2025, CKX Lands, Inc. received oil and/or gas revenues from 78 wells, up from 64 wells in the prior year period. Oil and gas revenues represented 67% of total revenue for the first half of 2025, and this segment saw revenues increase by 17.7% for the nine months ended September 30, 2025, compared to the same period in 2024. These are sophisticated entities relying on CKX Lands, Inc.'s mineral interests.

Commercial timber harvesters and wood product companies represent the timber segment. This customer group is highly variable, but for the nine months ended September 30, 2025, timber revenues showed a massive year-over-year increase of 348.2% due to the timing of harvesting cycles on CKX Lands, Inc.'s 10,357 net acres classified as timber lands. Still, timber revenue remained negligible across the first half of 2025 compared to oil and gas.

Local farmers and ranchers (surface lessees) fall under the Surface segment, which also includes right of way income. This group is important for steady, albeit smaller, surface rents. Surface revenues, however, saw a sharp decline of 75.2% for the nine months ended September 30, 2025, primarily due to lower right of way income. CKX Lands, Inc. owns about 2,253 net acres classified as agriculture lands.

For direct land acquisition, individual buyers for residential/recreational land (ranchettes) are a distinct segment. CKX Lands, Inc. is actively marketing its ranchette-style subdivisions in Calcasieu and Beauregard Parishes. As of September 30, 2025, the company reported that 24 out of 39 lots in this development had been sold. The company is also anticipating the sale of approximately 7,014 acres for $9.2 million in the fourth quarter of 2025, which represents a significant transaction with a large-scale buyer, possibly institutional or a developer.

Finally, public and institutional equity investors are customers in the sense that they provide capital and liquidity. Institutional investors owned 16.13% of the company's stock as of the third quarter of 2025. For example, Susquehanna International Group LLP increased its position by 40.0% in the third quarter, holding 15,822 shares valued at approximately $176,000 at that time.

Here's a breakdown of the revenue-generating customer types based on the nine-month performance ending September 30, 2025, compared to the prior year:

Customer Segment Type	Revenue Segment	Revenue Change (9M YTD 2025 vs 2024)	Key Operational Metric (9M YTD 2025)	Revenue Share (H1 2025)
Oil and Gas E&P Companies	Oil and Gas	+17.7%	Revenue from 78 wells	67%
Commercial Timber Harvesters	Timber	+348.2%	Timber Harvesting Activity	Negligible
Farmers/Ranchers/ROW Holders	Surface	-75.2%	Lower Right of Way Income	Varies
Individual Ranchette Buyers	Real Estate Sales	N/A (Sales based)	24 out of 39 lots sold as of 9/30/2025	N/A (Asset Sale)

The total revenue for the nine months ended September 30, 2025, was $0.717 million. The company's net income for that same period was $0.443 million, resulting in Net Income Per Share of $0.22. What this estimate hides, though, is that the surface revenue decline of 75.2% is a near-term risk you need to watch, even if oil and gas is carrying the weight right now.

Finance: draft 13-week cash view by Friday.

CKX Lands, Inc. (CKX) - Canvas Business Model: Cost Structure

The cost structure for CKX Lands, Inc. reflects its primary role as a passive land and mineral interest holder, meaning operating costs are inherently low relative to asset value.

• Primarily fixed costs related to land ownership (property taxes) - Specific 2025 property tax expense is not publicly itemized in the latest available reports, though increases in these costs are noted as a risk factor.
• General and administrative expenses (G&A) for minimal staff - Year-to-date 2025 net income was aided by lower general and administrative expenses.
• Professional fees for legal, accounting, and strategic review - Specific amounts for these professional fees in 2025 are not detailed in the available financial summaries.
• Costs associated with timber management and reforestation - Specific management costs are not itemized separately from overall operating expenses in the latest disclosures.
• Low operational expenditure due to passive model - This is evidenced by the nature of the income streams and the reported G&A context.

The financial context for late 2025, based on year-to-date figures, shows the scale of operations against which costs are measured:

Financial Metric (Period Ending Q3 2025)	Amount
Year-to-Date Revenue	$716,759
Year-to-Date Net Income	$442,919
Year-to-Date Gains on Land Sales	$275,399
Cash and Cash Equivalents (as of Aug 14, 2025)	$7,851,889
Shares Outstanding (as of Nov 1, 2025)	2,053,129

The passive nature is further highlighted by the significant, non-recurring cash event in the period. For instance, a single land sale completed on November 18, 2025, involved a cash purchase price of $8,618,021.70 for approximately 6,548 acres. This type of transaction drives cash flow but does not represent a recurring operational cost.

Key revenue components for the third quarter of 2025 illustrate the reliance on external operators and market conditions, which keeps internal fixed costs low:

Revenue Component (Q3 2025)	Amount
Timber Sales	$94,825
Surface Revenue	$90,679
Oil and Gas Revenue	$47,135
Interest Income	$50,401

The company maintains no debt, which eliminates interest expense as a major recurring cost, though it does generate interest income. The balance sheet as of December 31, 2024, showed cash and cash equivalents of $3,421,576, which is a baseline before the 2025 land sale activity.

CKX Lands, Inc. (CKX) - Canvas Business Model: Revenue Streams

The Revenue Streams for CKX Lands, Inc. (CKX) are derived from its core asset base of land, segmented across mineral rights, timber, and surface use.

The Total revenue for the nine months ended September 30, 2025, was $0.716759 million. This figure reflects a mix of recurring operational income and non-recurring asset realization.

Key revenue components include:

• Oil and gas royalty interests and mineral lease payments: This segment generated $373,131 for the nine months ended September 30, 2025, representing 52% of total revenue. The gross profit from oil and gas was $333,871. CKX Lands, Inc. received oil and/or gas revenues from 78 wells during this nine-month period, up from 64 wells in the same period in 2024.
• Timber sales, which saw a 348.2% increase in 9M 2025: Timber revenues grew substantially to $94,825 for the nine months ended September 30, 2025, up from $21,158 in the prior year. The gross profit from timber rose to $85,246.
• Surface rents from farming, hunting, and right-of-way leases: Surface revenues for the nine months ended September 30, 2025, totaled $248,803, a decrease of 75.2% compared to $1,002,406 in the same period in 2024. The gross profit from this segment was $241,413.

The company also realizes income from asset realization, which can be significant but is not recurring:

• Non-recurring income from strategic land sales (over $8.6M in late 2025): CKX Lands, Inc. realized a gain on land sales of $275,399 in the first nine months of 2025. More significantly, on November 18, 2025, the company completed the sale of approximately 6,548 acres of land for a cash purchase price of $8,618,021.70.

Here's a quick look at the revenue segment breakdown for the nine months ended September 30, 2025:

Revenue Stream	Amount (USD)	Percentage of Total Revenue (Approximate)
Oil and Gas Revenues	$373,131	52%
Timber Sales	$94,825	(Not explicitly stated as a percentage of total revenue)
Surface Revenues	$248,803	(Implied remainder, less than 35%)
Total Revenue (9M 2025)	$0.716759 million	100%

The operational performance shows shifts in reliance, with oil and gas becoming the largest reported revenue component for the nine-month period:

Segment Performance Metric (9M 2025 vs 9M 2024)	Oil and Gas	Timber	Surface
Revenue Change	+17.7% increase	+348.2% increase	-75.2% decrease
Gross Profit (USD)	$333,871	$85,246	$241,413
Producing Wells (Count)	78 wells	N/A	N/A

You can see the shift in the revenue mix compared to the prior year's nine-month period:

• Oil and gas revenues were 24% of total revenue in 9M 2024.
• Surface revenues were a much larger portion in 9M 2024 at $1,002,406.
• Timber revenues were only $21,158 in 9M 2024.

Finance: draft 13-week cash view by Friday.