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. (NYSE: PHX) provides investors with essential updates through this centralized news hub tracking the company's strategic developments in mineral ownership and royalty-based energy assets. Our curated collection features official press releases, regulatory filings, and market-moving announcements directly from the company.
Access timely updates on royalty acquisitions, working interest conversions, and financial performance across PHX's diversified mineral portfolio. Key content includes quarterly earnings reports, asset transactions in core operating regions, and management commentary on navigating commodity price cycles. Investors benefit from organized access to material information impacting the company's royalty revenue streams and long-term asset valuation.
This resource serves both active traders monitoring short-term developments and long-term investors analyzing PHX's mineral accumulation strategy. All content maintains strict neutrality while providing necessary context about the energy sector's operational landscape. Bookmark this page for efficient tracking of PHX's progress in building sustainable royalty portfolio value across North American energy basins.
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.
PHX Minerals announced it will release its financial results for the quarter ended Sept. 30, 2024, after market close on Nov. 6, 2024. The company will host a conference call to discuss the results on Nov. 7, 2024, at 12 p.m. EST. Investors can join via phone (877-407-3088 U.S. Toll-Free or 201-389-0927) or access the webcast through the company's website. A replay will be available for 14 days using access code 13748980.
WhiteHawk Energy has reiterated its proposal to acquire PHX Minerals for $4.00 per share in an all-cash transaction. This offer represents a 19% premium to PHX's 90-day volume weighted average price and a 17% premium to its 30-day volume weighted average price. WhiteHawk currently owns 946,506 common shares of PHX, approximately 2.5% of the outstanding common stock.
The proposal includes an option for qualified PHX stockholders to exchange their shares for WhiteHawk common shares. WhiteHawk has been attempting to engage with PHX for over 18 months, expressing concerns about PHX's excessive G&A expenses, dilutive acquisitions, and minimal dividends. WhiteHawk urges PHX's Board of Directors to engage in good faith negotiations, highlighting PHX's underperformance compared to peers and market indices since 2020.
LSB Industries (NYSE: LXU) announced the retirement of Richard Roedel as Chairman of the Board due to health reasons. Mark Behrman, the company's President and CEO, has been elected as the new Board Chairman, while Lynn White has been appointed Lead Independent Director. Mr. Roedel will remain on the Board until a successor is identified to ensure a smooth transition.
Mr. Behrman, who joined LSB in 2014 and became President and CEO in 2018, has led the company through operational and balance sheet transformation. He has also established LSB's low carbon ammonia strategy. With 30 years of experience in finance and investment banking, Mr. Behrman has been instrumental in positioning LSB for future growth in the global energy transition.
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