Total Revenue

73.9% decline (from $690,432 in Q4 2023 to $180,572 in Q4 2024)

Total Revenue dropped dramatically due to significant declines across major segments, including oil & gas, timber sales, and surface revenue. The decline reflects both a decrease in production/pricing conditions and lower business activity compared to the strong revenue base in Q4 2023. " "

Oil & Gas Revenue

44.6% decrease (from $182,174 in Q4 2023 to $100,858 in Q4 2024)

The Oil & Gas revenue fell sharply as lower production levels and reduced average sales prices impacted earnings; this segment, which was already challenged in prior periods, further underperformed relative to Q4 2023. " "

Timber Sales Revenue

95.4% decline (from $23,099 in Q4 2023 to $1,067 in Q4 2024)

Timber Sales revenue experienced a severe drop likely driven by subdued timber harvesting activity—a trend consistent with past normal business variations in timber customers' harvesting but now manifesting in extreme year-over-year declines. " "

Surface Revenue

83.8% decline (from $485,159 in Q4 2023 to $78,647 in Q4 2024)

The Surface Revenue plunge is attributed to a dramatic fall in oil & gas delay rentals and surface lease income, signaling less favorable market terms or lower contractual activity compared to Q4 2023. " "

Operating Income

Swung from a profit of $358,718 in Q4 2023 to a loss of -$75,600 in Q4 2024

The operating margin deteriorated severely as the broad revenue declines were insufficiently offset by cost management measures. While Q4 2023 benefited from robust revenue streams, the 2024 period saw reduced economies of scale and eliminated some non-operational income (e.g., gains on land sales) that previously supported profitability. " "

Net Income

86.7% decrease (from $241,640 in Q4 2023 to $32,159 in Q4 2024)

Net Income was heavily impacted by the operational downturn—even though a positive gain on sale of land in Q4 2024 helped offset some losses, the dramatic reduction in revenue and ensuing operating loss led to an 86.7% drop compared to the previous year’s stronger bottom line. " "

Gain on Sale of Land

Recorded $54,946 in Q4 2024 (not recorded in Q4 2023)

The gain on sale of land in Q4 2024 provided a one-time boost to help offset operational challenges, contrasting with Q4 2023 when no such benefit was recorded. "

Cash and Cash Equivalents

Increased modestly (from $3,318,637 in Q3 2024 to $3,421,576 in Q4 2024)

Cash and Cash Equivalents remained stable, with a small increase reflecting effective liquidity management despite significant revenue declines; the maintenance of cash reserves results partly from previous period operational cash flows and careful balancing of investing and financing activities. " "