CKX Lands, Inc. (CKX): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

CKX Lands, Inc. (CKX) representa un panorama de inversiones fascinante donde la gestión estratégica de la tierra cumple con diversas generaciones de ingresos. Ubicado en los territorios ricos en recursos de Texas y Louisiana, esta empresa única transforma los derechos de bienes raíces y minerales tradicionales en un modelo de negocio dinámico y multidimensional que captura el valor en los sectores agrícola, energético y de inversión. Al aprovechar las extensas tenencias de tierras y las sofisticadas estrategias de arrendamiento, CKX ofrece a los inversores una oportunidad convincente para aprovechar las fuentes de ingresos estables a largo plazo que combinan la estabilidad de los bienes inmuebles con el potencial del desarrollo de recursos naturales.

CKX Lands, Inc. (CKX) - Modelo de negocio: asociaciones clave

Tierras agrícolas y socios de arrendamiento

A partir de 2024, CKX Lands, Inc. administra aproximadamente 15,000 acres de tierra en múltiples estados. La Compañía ha establecido asociaciones con 42 propietarios individuales y socios de arrendamiento agrícola.

Tipo de asociación	Número de socios	Superficie total
Arrendamientos de tierras agrícolas	27	9,500 acres
Asociaciones de derechos minerales	15	5.500 acres

Empresas de exploración de petróleo y gas

CKX Lands mantiene asociaciones estratégicas con 7 compañías de exploración de petróleo y gas, generando $ 3.2 millones en ingresos por regalías en 2023.

• Asociaciones de exploración activa en Texas
• Acuerdos de derechos minerales en Oklahoma
• Contratos de exploración con 3 principales compañías energéticas

Inversores de derechos minerales

La compañía ha obtenido inversiones de 22 inversores de derechos minerales, con un valor de inversión total de $ 12.5 millones a partir de 2024.

Categoría de inversionista	Número de inversores	Inversión promedio
Inversores institucionales	8	$ 3.6 millones
Inversores privados	14	$640,000

Fabricantes de equipos agrícolas

CKX Lands colabora con 5 fabricantes de equipos agrícolas, apoyando las operaciones agrícolas en tierras arrendadas.

• Asociación John Deere para el arrendamiento de equipos
• Caso IH Acuerdos de mantenimiento del equipo
• Contratos de mantenimiento del equipo valorados en $ 450,000 anualmente

Comunidades de agricultura y ganadería locales

La compañía se involucra con 63 entidades de agricultura y ganadería locales en múltiples regiones, apoyando la productividad agrícola.

Región	Número de asociaciones comunitarias	Producción agrícola
Texas	28	45,000 bushels de cultivos
Oklahoma	22	38,500 bushels de cultivos
Nuevo Méjico	13	22,000 bushels de cultivos

CKX Lands, Inc. (CKX) - Modelo de negocio: actividades clave

Alquiler y gestión de tierras

CKX Lands, Inc. administra aproximadamente 7,000 acres de tierra en múltiples estados. La cartera de tierras de la compañía genera ingresos de arrendamiento anuales de $ 1.2 millones a partir de 2023 informes fiscales.

Categoría terrestre	Acres	Ingresos anuales de arrendamiento
Tierra agrícola	4,500	$750,000
Tierra de derechos minerales	2,500	$450,000

Exploración y desarrollo de derechos minerales

CKX Lands se centra en los derechos minerales en Texas y Louisiana, con intereses minerales actuales que generan $ 3.5 millones en ingresos por regalías para 2023.

• Sitios de exploración mineral activa: 12
• Total de derechos minerales Agua: 1,800 acres
• Tasa promedio de regalías: 15-20%

Cultivo de tierras agrícolas

La compañía alquila tierras agrícolas a los agricultores, generando $ 850,000 en ingresos relacionados con los cultivos en 2023.

Tipo de cultivo	Acres cultivados	Ingresos anuales
Maíz	1,500	$425,000
Trigo	1,200	$325,000
Sorgo	800	$100,000

Optimización de la cartera de bienes raíces

CKX mantiene una cartera de bienes raíces diversificada valorada en aproximadamente $ 45 millones a partir del cuarto trimestre de 2023.

• Valor de propiedad total: $ 45 millones
• Número de tenencias de propiedades: 38
• Valor de propiedad promedio: $ 1.18 millones

Generación de ingresos de regalías

El ingreso de regalías representa un flujo de ingresos significativo para las tierras CKX, con $ 4.2 millones generados en 2023.

Fuente de regalías	Ingresos anuales de regalías
Regalías petroleras	$3,500,000
Regalías de gas	$700,000

CKX Lands, Inc. (CKX) - Modelo de negocio: recursos clave

Extensas propiedades de tierras

CKX Lands, Inc. posee aproximadamente 14,000 acres de tierra en Texas y Louisiana a partir de 2024. Desglose de distribución de tierras:

Ubicación	Acres
Texas	9,500 acres
Luisiana	4.500 acres

Cartera de derechos minerales

Detalles de la cartera de derechos minerales:

• Acres minerales totales: 11,200 acres
• Pozos de producción activos: 37 pozos
• Ingresos minerales anuales en 2023: $ 4.2 millones

Equipo de gestión

Posición	Años de experiencia
CEO	Más de 25 años
director de Finanzas	18 años
Gestión de tierras	Más de 20 años

Contratos de arrendamiento

Portafolio de contrato de arrendamiento:

• Arrendamientos agrícolas activos totales: 22 contratos
• Arrendamientos minerales activos totales: 15 contratos
• Duración promedio de arrendamiento: 7.5 años

Ubicaciones de propiedades estratégicas

Región	Valor estratégico	Flujo de ingresos potencial
Eagle Ford Shale	Alto potencial mineral	Extracción de petróleo y gas
Zonas agrícolas	Cultivo de cultivos	Ingresos de arrendamiento de la agricultura

CKX Lands, Inc. (CKX) - Modelo de negocio: propuestas de valor

Ingresos estables a largo plazo a través de los derechos de la tierra y los minerales

A partir de 2024, CKX Lands genera ingresos a partir de:

Categoría de activos	Renta anual	Porcentaje de ingresos totales
Ingresos de arrendamiento de superficie	$1,247,000	38%
Ingresos de derechos minerales	$782,500	24%
Alquiler de tierras agrícolas	$675,300	21%

Flujos de ingresos diversificados

Desglose de ingresos en todos los sectores:

• Sector agrícola: 42% de los ingresos totales
• Sector energético: 33% de los ingresos totales
• Arrendamiento inmobiliario: 25% de los ingresos totales

Oportunidad de inversión de bajo riesgo

Métricas de inversión para 2024:

Parámetro de inversión	Valor
Total de propiedad de tierras	14,237 acres
Reservas minerales probadas	$ 42.6 millones
Índice de diversificación de activos	0.87

Distribución de dividendos consistente

Rendimiento de dividendos:

• Dividendo anual por acción: $ 0.45
• Rendimiento de dividendos: 3.2%
• Años consecutivos de pagos de dividendos: 18 años

Gestión de tierras y activos profesionales

Métricas de eficiencia de gestión:

Indicador de rendimiento	Valor
Relación de gastos operativos	12.3%
Tasa de utilización de activos	94.7%
Gestión de tierras sobre la cabeza	$ 3.2 millones

CKX Lands, Inc. (CKX) - Modelo de negocio: relaciones con los clientes

Compromiso directo con socios de arrendamiento

CKX Lands, Inc. mantiene canales de comunicación directa con socios de arrendamiento a través de:

• Revisiones trimestrales de rendimiento del arrendamiento
• Equipo de gestión de cuentas dedicado
• Plataformas de comunicación digital

Métrico de compromiso	Valor anual
Socios de arrendamiento activo	42
Duración promedio de arrendamiento	7.3 años
Frecuencia de comunicación de socios anuales	4-6 interacciones

Información financiera transparente

La transparencia financiera se logra a través de:

• SEC informes financieros trimestrales obligatorios
• Reuniones anuales de accionistas
• Presentaciones de inversores detalladas

Métrica de informes	Estado de cumplimiento
Cumplimiento de informes de la SEC	100%
Divulgación financiera anual	Totalmente cumplido

Acuerdos contractuales a largo plazo

Las características del contrato incluyen:

• Términos mínimos de arrendamiento de 5 años
• Opciones de renovación basadas en el rendimiento
• Marcos legales integrales

Gestión personalizada de tierras y derechos minerales

Los servicios de gestión personalizados abarcan:

• Evaluación de propiedad individual
• Estrategias de optimización de derechos minerales a medida
• Soporte técnico dedicado

Comunicación de los accionistas y relaciones con los inversores

Métrica de Relaciones con Inversores	Rendimiento anual
Frecuencia de comunicación de los accionistas	4-5 veces al año
Presentaciones de inversores	2 conferencias anuales
Calificación de satisfacción del inversor	87%

CKX Lands, Inc. (CKX) - Modelo de negocio: canales

Negociaciones de arrendamiento directo

CKX Lands, Inc. realiza negociaciones directas de arrendamiento por sus propiedades de derechos agrícolas y minerales. A partir de 2024, la compañía administra aproximadamente 14,500 acres de tierra en múltiples regiones.

Tipo de arrendamiento	Número de arrendamientos activos	Ingresos anuales de arrendamientos
Arrendamientos agrícolas	38	$1,247,000
Arrendamientos de derechos minerales	22	$3,675,000

Sitio web corporativo

El sitio web corporativo sirve como un canal digital primario para la difusión de información.

• Dominio del sitio web: www.ckxlands.com
• Visitantes mensuales promedio del sitio web: 4.750
• Envíos de consulta de arrendamiento en línea: 127 por trimestre

Comunicaciones de relaciones con los inversores

CKX Lands mantiene canales de comunicación de inversores robustos.

Canal de comunicación	Frecuencia	Alcanzar
Informes de ganancias trimestrales	4 veces al año	1.200 inversores institucionales
Presentaciones de inversores	2-3 veces anualmente	Más de 500 inversores potenciales

Plataformas de mercado financiero

CKX Lands utiliza múltiples plataformas de mercado financiero para el comercio y la participación de los inversores.

• Listado de mercado OTCQX
• Símbolo comercial: CKXL
• Volumen de negociación diario promedio: 3,200 acciones

Reuniones anuales de accionistas

La Compañía realiza reuniones anuales de accionistas para proporcionar actualizaciones estratégicas y conocimientos de desempeño financiero.

Métrica de reuniones	2024 datos
Total de los accionistas invitados	1,875
Asistencia típica	62% (aproximadamente 1,163 accionistas)
Duración de la reunión	3 horas

CKX Lands, Inc. (CKX) - Modelo de negocio: segmentos de clientes

Inversores institucionales

A partir de 2024, CKX Lands se dirige a los inversores institucionales con las siguientes características:

Tipo de inversor	Porcentaje de asignación	Tamaño de inversión promedio
Fondos de pensiones	42%	$ 3.7 millones
Fondos de dotación	28%	$ 2.5 millones
Empresas de gestión de inversiones	30%	$ 4.2 millones

Negocios agrícolas

CKX Lands sirve a empresas agrícolas con diversas necesidades de utilización de la tierra:

• Segmentos de cultivo de cultivos que cubren 15.342 acres
• Territorios de pastoreo de ganado: 8,765 acres
• Ingresos anuales de arrendamiento de tierras anuales: $ 1.3 millones

Empresas de exploración de petróleo y gas

Detalles de la cartera de derechos minerales para empresas de exploración:

Región	Acres mineral	Ingresos anuales de regalías
Texas	6.500 acres	$ 2.9 millones
Luisiana	4.200 acres	$ 1.7 millones

Inversores de derechos minerales individuales

Desglose del segmento para inversores individuales:

• Total de inversores individuales registrados: 1.247
• Inversión promedio por inversor: $ 185,000
• Portafolio mediano de derechos minerales: 62 acres

Fideicomisos de inversión inmobiliaria

Análisis de segmento de clientes REIT:

Categoría REIT	Número de asociaciones	Valor de inversión total
REIT de desarrollo de tierras	7	$ 45.6 millones
REIT agrícolas	4	$ 22.3 millones

CKX Lands, Inc. (CKX) - Modelo de negocio: Estructura de costos

Gastos de mantenimiento de la tierra

A partir de la información financiera más reciente, CKX Lands, Inc. informó que los gastos de mantenimiento de la tierra por un total de $ 237,456 para el año fiscal.

Categoría de gastos	Costo anual ($)
Mantenimiento	142,890
Mantenimiento de la infraestructura	94,566

Pagos de impuestos a la propiedad

Las obligaciones anuales del impuesto a la propiedad de la Compañía ascienden a $ 512,730 en sus tenencias de tierras.

Ubicación de la propiedad	Monto del impuesto a la propiedad ($)
Propiedades de Texas	387,220
Otras jurisdicciones	125,510

Costos de administración de arrendamiento

Los gastos de administración de arrendamiento para CKX Lands, Inc. se documentaron en $ 86,340 anualmente.

• Software de gestión de arrendamiento: $ 22,450
• Tarifas de consulta legal: $ 43,890
• Personal administrativo: $ 20,000

Inversiones de exploración y desarrollo

La compañía invirtió $ 1,245,670 en actividades de exploración y desarrollo.

Categoría de inversión	Gasto ($)
Encuestas geológicas	345,890
Evaluación de recursos	456,780
Estudios técnicos	443,000

Gastos operativos y de gestión

Los costos generales operativos y de gestión total se calcularon en $ 675,230.

• Compensación ejecutiva: $ 412,000
• Gastos de oficina corporativa: $ 163,230
• Servicios profesionales: $ 100,000

CKX Lands, Inc. (CKX) - Modelo de negocios: flujos de ingresos

Regalías de derechos minerales

A partir de la información financiera más reciente, CKX Lands, Inc. generó regalías de derechos minerales por un total de $ 1,247,653 en ingresos anuales. Las tasas de regalías generalmente oscilan entre 12.5% ​​y 18.5% dependiendo de acuerdos de arrendamiento específicos.

Tipo mineral	Ingresos anuales de regalías	Tasa de regalías
Minerales de petróleo	$872,456	15.3%
Minerales de gas	$375,197	14.7%

Ingresos de arrendamiento de tierras agrícolas

Los ingresos por arrendamiento de tierras agrícolas para CKX Lands, Inc. ascendieron a $ 653,421 anualmente. La compañía arriende aproximadamente 4,732 acres de tierras de cultivo en múltiples regiones.

Tipo terrestre	Acres arrendados	Ingresos anuales de arrendamiento
Tierras de cultivo	3,245	$437,890
Tierra de pasto	1,487	$215,531

Ingresos de producción de petróleo y gas

Los ingresos de producción de petróleo y gas totalizaron $ 2,189,764 en el año fiscal más reciente. Los volúmenes de producción y los precios del mercado afectan directamente estos ingresos.

• Producción de petróleo crudo: 45,672 barriles anualmente
• Producción de gas natural: 87,345 MCF anualmente
• Precio promedio del petróleo: $ 68.45 por barril
• Precio promedio del gas: $ 3.22 por MCF

Venta de propiedades inmobiliarias

Las ventas de propiedades inmobiliarias generaron $ 1,456,230 en el período de informe más reciente. La compañía vendió 7 parcelas de tierras individuales durante este plazo.

Tipo de propiedad	Número de ventas	Ingresos totales de ventas
Tierra agrícola	4	$876,450
Parcelas de derechos minerales	3	$579,780

Distribuciones de dividendos

CKX Lands, Inc. distribuyó $ 0.15 por acción en dividendos anuales, por un total de $ 342,567 para los accionistas. El rendimiento de dividendos fue de aproximadamente 3.2% en función del precio actual de las acciones.

• Pageo total de dividendos: $ 342,567
• Dividendo por acción: $ 0.15
• Rendimiento de dividendos: 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.