Welcome to our dedicated page for Phx Minerals news (Ticker: PHX), a resource for investors and traders seeking the latest updates and insights on Phx Minerals stock.
PHX Minerals Inc. (formerly listed on the New York Stock Exchange under the symbol PHX) generated a steady flow of corporate and operational news while it was a standalone public company and through its subsequent acquisition by WhiteHawk Income Corporation. News coverage for PHX spans quarterly and annual financial results, production and leasing updates, strategic reviews and the detailed steps of its sale process.
Company releases have reported net income, adjusted EBITDA, royalty and working interest production volumes, and natural gas, oil and NGL sales. Operating updates have highlighted wells converted to producing status, wells in progress and permits across PHX’s mineral positions, and leasing activity such as net mineral acres leased to third-party exploration and production companies. These disclosures provide context on how PHX’s natural gas and oil mineral assets in states such as Oklahoma, Texas, Louisiana, North Dakota and Arkansas were being developed and managed over time.
News items also document key corporate actions, including the board’s decision to initiate a strategic alternatives process, responses to acquisition proposals, and the eventual execution of an Agreement and Plan of Merger with WhiteHawk. Subsequent announcements describe the tender offer, the percentage of shares tendered, the closing of the all-cash transaction at $4.35 per share, and the completion of the merger on June 23, 2025, after which PHX became a wholly owned subsidiary of WhiteHawk Acquisition, Inc.
This PHX news page serves as an archive of those developments, from earnings releases and operational commentary to transaction milestones and delisting notices. Readers can review how PHX’s financial performance, production profile and corporate strategy evolved leading up to its acquisition and the suspension of trading in its shares.
PHX Minerals (NYSE: PHX) has scheduled its quarterly financial results announcement for the period ending March 31, 2025. The company will release its results after market close on May 8, 2025, followed by a conference call with management on May 9, 2025 at 11 a.m. ET.
Investors can participate in the conference call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A 14-day replay will be available via 877-660-6853 using access code 13753481. Additionally, a live webcast will be accessible through the company's website and archived for at least 90 days.
PHX Minerals reported its Q4 and full-year 2024 financial results. The company recorded Q4 net income of $0.1 million ($0.00 per share) and full-year net income of $2.3 million ($0.06 per share), down from $13.9 million in 2023. Adjusted EBITDA for 2024 was $21.3 million, compared to $22.7 million in 2023.
Key operational highlights include:
- Total production volumes increased 5% to 9,841 Mmcfe for 2024
- Royalty production volumes grew 8% to 8,760 Mmcfe
- Converted 255 gross wells to producing status in 2024
- Reduced total debt to $29.5 million by year-end
Notable subsequent events include a $0.04 quarterly dividend announcement and the divestiture of 165,326 net mineral acres for $8.0 million. The company's proved reserves decreased 11% to 63.7 Bcfe at year-end 2024, primarily due to lower gas prices.
PHX Minerals (NYSE: PHX) has scheduled the release of its full-year 2024 financial results for March 12, 2025, after market close. The company will host an earnings conference call the following day, March 13, 2025, at 11 a.m. ET.
Investors can participate in the conference call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A 14-day replay will be available via 877-660-6853 using access code 13751358. Additionally, a live webcast will be accessible through the company's website and archived for at least 90 days.
PHX Minerals (NYSE: PHX) announced on December 12, 2024, that its Board of Directors has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value. The company is considering options including a potential merger or sale. RBC Capital Markets has been appointed as financial advisor to assist in the review process.
PHX Minerals' Board of Directors has formally responded to and declined WhiteHawk Energy's acquisition proposal. The board stated they appreciate stockholder engagement aimed at enhancing value but determined that rejecting WhiteHawk's offer was in the best interest of PHX stockholders. The company affirmed its commitment to continue reviewing opportunities focused on maximizing stockholder value.
WhiteHawk Energy, has called on the Board of Directors of PHX Minerals to respond to its proposal to acquire PHX in an all-cash transaction valued at $4.00 per share. WhiteHawk's CEO, Daniel C. Herz, emphasized that the proposal offers a substantial premium over PHX's recent trading prices and urged stockholders to encourage the PHX Board to engage in discussions.
WhiteHawk has demonstrated financing for the transaction and believes it benefits all stockholders. The company is advised by Stephens Inc. and Weil, Gotshal & Manges LLP. WhiteHawk Energy specializes in acquiring mineral and royalty interests in top-tier natural gas resource plays, managing approximately 1,050,000 gross unit acres and interests in over 3,400 producing horizontal wells.
WhiteHawk is committed to pursuing this value-creating opportunity and encourages transparency and engagement from PHX's Board. Investors are urged to read any forthcoming documents related to the proposal filed with the SEC.
PHX Minerals reported financial results for Q3 2024. The company posted net income of $1.1 million ($0.03 per diluted share), down from $1.9 million in Q3 2023. Adjusted EBITDA was $4.9 million, compared to $6.3 million year-over-year. Total production volumes decreased 20% quarter-over-quarter to 2,379 Mmcfe but increased 1% year-over-year. The company converted 46 gross wells to producing status and maintained an inventory of 278 gross wells in progress. Total debt stood at $27.8 million with a debt-to-adjusted EBITDA ratio of 1.36x. PHX announced a $0.04 per share quarterly dividend and had its $50 million borrowing base reaffirmed.
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