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Altex Industries(OTC) ALTX

Current Price$0.24
Market Cap$2.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1985)-52%
5 Year+71%
1 Year-20%
1 Month+9%
Altex Industries last closing stock price
MetricPriceDate
Last closeUSD 0.242026-07-23
Altex Industries stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+4.35%USD 0.232026-07-08
1 month+8.6%USD 0.222026-06-22
3 month-19.99%USD 0.302026-04-23
Year to date-11.11%USD 0.272025-12-31
1 year-20%USD 0.302025-07-23
3 year+71.43%USD 0.142023-07-24
5 year+71.43%USD 0.142021-07-23
Since inception-52%USD 0.501985-10-31

Altex Industries Financials at a Glance

Market Cap

$2.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$20.00K

Net Income (TTM)

-$121.00K

EPS (TTM)

-$0.01

P/E Ratio

-22.22

Dividend

$0.00

Beta (Volatility)

-0.09 (Low)

Price

$0.24

Volume

100

Open

$0.24

Previous Close

$0.24

Daily Range

$0.24 - $0.24

52-Week Range

$0.18 - $0.44

Estimated Earnings Date

Mar 31, 2023

ALTX News

No articles available.

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About Altex Industries

Altex owns interests in oil and gas fields in Utah and Wyoming.

Altex sells crude oil from its onshore oil and gas properties.

What’s in the Barrel? Altex’s Core Offerings

  • Oil Sales: Sells crude oil from onshore fields; all reported revenue is from oil and gas sales.
  • Gas Sales: Sells natural gas from the same properties; included in oil and gas revenue.
  • Asset Management: Holds and manages property interests in oil and gas properties.

Growth and Expansion: Slow and Steady Moves

  • Sold Utah oil, gas, and mineral interests in April 2024 for $525,000 cash.
  • Extended Denver office lease in February 2025, adding a $166,000 lease liability.
  • No new acquisitions, partnerships, or product launches reported since 2021.

What Makes Altex Stand Out (Besides the Name)

Altex operates with no full-time employees and a lean cost structure. It focuses on holding property interests rather than running oil fields directly. The company relies on working capital, asset sales, and interest income for liquidity.

Five Things You Need to Know

  • Revenue was $5,000 in Q3 2025, up 25% from Q3 2024.
  • Net loss was $12,000 in Q3 2025, after a $505,000 profit in Q3 2024.
  • Cash and cash equivalents were $2.58 million as of June 30, 2025.
  • General and administrative expenses rose 50.3% year-over-year for nine months ended June 2025.
  • All revenue comes from oil and gas sales in the United States.

Bottom Line

Altex is a small, asset-focused oil and gas company with limited operations. Its business model centers on holding property interests and managing costs.

AI Generated • Apr 16, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

1

CEO

Steven H. Cardin

Website

altexinc.com

Headquarters

Denver, CO 80206-4084, US

ALTX Financials

Key Financial Metrics (TTM)

Gross Margin

80.00%

Operating Margin

-1125.00%

Net Income Margin

-605.00%

Return on Equity

-9.12%

Return on Capital

-20.54%

Return on Assets

-4.56%

Earnings Yield

-4.50%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$2.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

11.19M

Volume

100

Avg. Volume

2.07K

Financials (TTM)

Gross Profit

$16.00K

Operating Income

-$225.00K

EBITDA

$82.00K

Operating Cash Flow

-$117.00K

Capital Expenditure

$0.00

Free Cash Flow

-$117.00K

Cash & ST Invst.

$2.48M

Total Debt

$140.00K

Altex Industries Performance Analysis

Altex Industries annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 36,000-18.2%
20232023-09-30USD 32,000-11.1%
20242024-09-30USD 23,000-28.1%
20252025-09-30USD 18,000-21.7%
Altex Industries sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-3025.0%
Q42025-09-30-20.0%
Q12025-12-3175.0%
Q22026-03-31-42.9%
Altex Industries annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 0.03N/A
20232023-09-30USD -0.01N/A
20242024-09-30USD 0.04N/A
20252025-09-30USD -0.02N/A
Altex Industries sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-06-3060.7%
Q42025-09-30-163.6%
Q12025-12-316.9%
Q22026-03-31-55.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$4.00K

+0.0%

Gross Profit

$4.00K

+0.0%

Gross Margin

100.00%

N/A

Market Cap

$2.69MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.69M

N/A

Employees

1

N/A

Net Income

-$47.00K

-46.9%

EBITDA

-$68.00K

-119.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$2.48M

-4.9%

Total Debt

$140.00K

-22.7%

Accounts Receivable

$3.00K

+0.0%

Inventory

$0.00

N/A

Long Term Debt

$113.00K

-22.6%

Short Term Debt

$27.00K

-61.4%

Return on Assets

-4.56%

N/A

Return on Invested Capital

-16.33%

N/A

Free Cash Flow

-$35.00K

-66.7%

Operating Cash Flow

-$35.00K

-66.7%

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Questions About ALTX

What is the current price of Altex Industries?

Altex Industries is trading at $0.24 per share.

What is the 52-week range for Altex Industries?

Over the past 52 weeks, Altex Industries has traded between $0.18 and $0.44.

How much debt does Altex Industries have?

As of the most recent reporting period, Altex Industries reported total debt of $140.00K.

How much cash does Altex Industries have on hand?

Altex Industries reported $2.48M in cash and cash equivalents in its most recent financial results.

What is Altex Industries’s dividend yield?

Altex Industries does not currently have a dividend yield.

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