Overview
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- TickerALTX on OTC1
- IndustryCrude Petroleum & Natural Gas1
- HeadquartersDenver, Colorado1
- Incorporated inDE3
- Business address700 Colorado Blvd, #273, Denver, Co 80206-40843
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Altex Industries, Inc. (or the "Registrant" or the "Company," each of which terms, when used herein, refer to Altex Industries, Inc. and/or its subsidiary) is a holding company with one full-time employee that was incorporated in Delaware in 1985. Through its operating subsidiary, AOC, the Company currently owns interests in 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.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$18.0K
Out of $18.0K in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Oil and gas sales | $18.0K | $23.0K |
| Total revenue | $18.0K | $23.0K |
| Production taxes | $2.0K | $3.0K |
| General and administrative | $320.0K | $233.0K |
| Depreciation, Depletion and Amortization | $3.0K | $4.0K |
| Total operating expense | $325.0K | $240.0K |
| Gain on sale of assets | $0 | $525.0K |
| Interest income | $115.0K | $128.0K |
| Other income | $0 | $1.0K |
| Total other income | $115.0K | $654.0K |
| Net income (loss) | -$192.0K | $437.0K |
| Basic and diluted income (loss) per share | -$0.02 | $0.04 |
| Basic and diluted weighted average shares outstanding | 11.2M shares | 11.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2020-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.5M | $2.7M | ||
| Accounts receivable | $1.0K | $3.0K | ||
| Other | $22.0K | $21.0K | ||
| Total current assets | $2.6M | $2.7M | ||
| Proved oil and gas properties (successful efforts method) | $300.0K | $311.0K | ||
| Less accumulated depreciation, depletion, and amortization | -$277.0K | -$285.0K | ||
| Net property and equipment | $23.0K | $26.0K | ||
| Right-of-Use Asset | $154.0K | $20.0K | $166.0K | |
| Total assets | $2.7M | $2.7M | ||
| Accounts payable | $7.0K | $5.0K | ||
| Operating lease liability | $26.0K | $21.0K | ||
| Accrued expenses, related party | $1.2M | $1.1M | ||
| Other accrued expenses | $8.0K | $13.0K | ||
| Total current liabilities | $1.3M | $1.2M | ||
| Long-term operating lease liability | $127.0K | $0 | ||
| Total liabilities | $1.4M | $1.2M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Preferred stock | $0 | $0 | ||
| Common stock | $113.0K | $113.0K | ||
| Additional paid-in capital | $13.7M | $13.7M | ||
| Accumulated deficit | -$12.5M | -$12.3M | ||
| Total stockholders’ equity | $1.3M | $1.5M | $1.1M | |
| Total liabilities and stockholders' equity | $2.7M | $2.7M | ||
| Preferred Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Preferred Stock, Shares Authorized | 5.0M shares | 5.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 50.0M shares | 50.0M shares | ||
| Common Stock, Shares, Issued | 11.2M shares | 11.2M shares | ||
| Common Stock, Shares, Outstanding | 11.2M shares | 11.2M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2020-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.5M | $2.7M | ||
| Accounts receivable | $1.0K | $3.0K | ||
| Other | $22.0K | $21.0K | ||
| Total current assets | $2.6M | $2.7M | ||
| Proved oil and gas properties (successful efforts method) | $300.0K | $311.0K | ||
| Less accumulated depreciation, depletion, and amortization | -$277.0K | -$285.0K | ||
| Net property and equipment | $23.0K | $26.0K | ||
| Right-of-Use Asset | $154.0K | $20.0K | $166.0K | |
| Total assets | $2.7M | $2.7M | ||
| Accounts payable | $7.0K | $5.0K | ||
| Operating lease liability | $26.0K | $21.0K | ||
| Accrued expenses, related party | $1.2M | $1.1M | ||
| Other accrued expenses | $8.0K | $13.0K | ||
| Total current liabilities | $1.3M | $1.2M | ||
| Long-term operating lease liability | $127.0K | $0 | ||
| Total liabilities | $1.4M | $1.2M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Preferred stock | $0 | $0 | ||
| Common stock | $113.0K | $113.0K | ||
| Additional paid-in capital | $13.7M | $13.7M | ||
| Accumulated deficit | -$12.5M | -$12.3M | ||
| Total stockholders’ equity | $1.3M | $1.5M | $1.1M | |
| Total liabilities and stockholders' equity | $2.7M | $2.7M | ||
| Preferred Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Preferred Stock, Shares Authorized | 5.0M shares | 5.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 50.0M shares | 50.0M shares | ||
| Common Stock, Shares, Issued | 11.2M shares | 11.2M shares | ||
| Common Stock, Shares, Outstanding | 11.2M shares | 11.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net income (loss) | -$192.0K | $437.0K |
| Gain on sale of assets | $0 | -$525.0K |
| Depreciation, Depletion and Amortization | $3.0K | $4.0K |
| Decrease in accounts receivable | $2.0K | $1.0K |
| (Increase) decrease in other assets | -$1.0K | $1.0K |
| Increase in accounts payable | $2.0K | $1.0K |
| Increase in other accrued expenses | $89.0K | $3.0K |
| Operating lease | -$2.0K | $0 |
| Net cash used in operating activities | -$99.0K | -$78.0K |
| Proceeds from sale of assets | $0 | $525.0K |
| Net cash provided by investing activities | $0 | $525.0K |
| Acquisition of treasury stock | -$12.0K | -$23.0K |
| Net cash used in financing activities | -$12.0K | -$23.0K |
| Net increase (decrease) in cash and cash equivalents | -$111.0K | $424.0K |
| Retirement of treasury stock | $12.0K | $23.0K |
| Recognition of right-of-use asset and operating lease liability | $166.0K | $0 |
No quarter-by-quarter statement was filed.
What it owns
What ALTEX INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $277.0K2 Sep 30, 2025 | $285.0K2 Sep 30, 2024 | −2.8% |
| Property and equipment, net | $23.0K2 Sep 30, 2025 | $26.0K2 Sep 30, 2024 | −11.5% |
| Operating-lease assets (leased space) | $154.0K2 Sep 30, 2025 | $20.0K2 Sep 30, 2024 | +670.0% |
Investments
Properties, in its own words
The Company’s estimated reserves at September 30, 2025, are 2,400 barrels of proved, developed oil reserves associated with the Company’s 4.4% override in the Glo Field in Campbell County, Wyoming. The reserve estimate is prepared by the Company’s registered professional petroleum engineer; management supplies the engineer with ownership and revenue data and reviews the reserve estimate for reasonableness. All the Company’s interests in oil and gas properties are non-working interests. The Company did not participate in the drilling of any wells during the year ended September 30, 2024 (FY24) or the year ended September 30, 2025 (FY25). At November 28, 2025, the Company was not engaged in any oil and gas operations. The Company owns very small mineral interests in Utah. All the Company’s production is located in Utah and Wyoming.
Production
The rest of Item 2
Net Production · Average Price · Average Production Cost Per Equivalent Barrel
Fiscal Year · Oil (Bbls) · Gas (Mcf) · Oil (Bbls) · Gas (Mcf)
2025 · 300 · 400 · $56.33 · $2.79 · $0.00
2024 · 300 · 400 · $73.67 · $2.22 · $0.00
2023 · 400 · 500 · $69.76 · $5.27 · $0.00
Item 2 of the 10-K filed Nov 28, 2025.4
Leadership
Who has led ALTEX INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (2)
- Board memberJeffrey S. Chernow Sep 18, 2006 to Sep 18, 200614
- Board memberStephen Fante Sep 18, 2006 to Sep 18, 200615
Filings
20 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports. The latest 20:
- Jul 31, 202610-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- May 1, 202610-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Jan 30, 202610-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Nov 28, 202510-K ALTEX INDUSTRIES INC - FORM 10-K SEC FILING EDGAR
- Aug 8, 202510-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- May 2, 202510-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Jan 31, 202510-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Nov 29, 202410-K ALTEX INDUSTRIES INC - FORM 10-K SEC FILING EDGAR
- Jul 26, 202410-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- May 3, 202410-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Feb 2, 202410-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Dec 15, 202310-K ALTEX INDUSTRIES INC - FORM 10-K SEC FILING EDGAR
- Aug 4, 202310-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- May 5, 202310-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Feb 3, 202310-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Dec 23, 202210-K ALTEX INDUSTRIES INC - FORM 10-K SEC FILING EDGAR
- Aug 5, 202210-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- May 6, 202210-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Jan 28, 202210-Q ALTEX INDUSTRIES INC - FORM 10-Q SEC FILING EDGAR
- Dec 23, 202110-K ALTEX INDUSTRIES INC - FORM 10-K SEC FILING EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How ALTEX INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARALTEX INDUSTRIES INC1
- CIK0000775057
- Employer ID (EIN)84-09891644
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsSeptember 301
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address700 Colorado Blvd, #273, Denver, CO 80206-40841
- Phone30326593121
- Shares outstanding11,187,640 as of Jul 31, 202613
- Public float$3.0M as of 4
- AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 27384
- On EDGAR sinceJan 24, 19961
- Filings149 in all: 10-Q (56), 10QSB (37), 10-K (17), 10KSB (13), 8-K (12), 10KSB/A (7), 4 (6), DEF 14A (1)1
- Latest filingsAnnual report (10-K) Nov 28, 2025
Quarterly report (10-Q) Jul 31, 2026
Proxy statement (DEF 14A) Aug 13, 1998
Latest 8-K (8-K) Jan 21, 2020
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARJeffrey S. Chernow, Board member
- 15SEC EDGARStephen Fante, Board member