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) reported financial and operating results for Q2 2024. The company achieved a record royalty production of 2,709 Mmcfe, a 46% increase from Q1 2024. Net income was $1.3 million, or $0.04 per diluted share, compared to a net loss of $0.2 million in Q1 2024. Adjusted EBITDA rose to $6.4 million from $4.6 million in Q1 2024.
PHX converted 55 gross wells to producing status and reduced its total debt by $4.0 million to $28.8 million. The debt-to-adjusted EBITDA ratio improved to 1.32x. The company increased its fixed quarterly dividend by 33% to $0.04 per share, payable on Sep. 6, 2024.
PHX Minerals Inc. (NYSE: PHX) has announced its schedule for releasing financial results for the quarter ended June 30, 2024. The company will release its quarterly results on Wednesday, August 7, 2024, after the market closes. Following this, management will host a conference call on Thursday, August 8, 2024, at 11 a.m. EDT to discuss the results.
Investors and interested parties can access the conference call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A replay of the call will be available for 14 days by dialing 877-660-6853 and using the access code 13748051. Additionally, a live audio webcast of the conference call will be accessible from the 'Investors' section of the PHX website and will be archived for at least 90 days.
PHX Minerals, listed on the NYSE as PHX, has announced a quarterly dividend of $0.03 per share.
This dividend will be paid on June 11, 2024, to shareholders who own the stock as of May 31, 2024.
The announcement was made by the company's Board of Directors on May 20, 2024.
PHX Minerals Inc. reported a net loss of ($0.2) million for the quarter ended March 31, 2024, with Adjusted EBITDA at $4.6 million. Royalty and total production volumes decreased, and debt was $30.8 million. The company entered into a credit agreement amendment extending maturity to Sept. 1, 2028.
FAQ
What is the current stock price of Phx Minerals (PHX)?
What is the market cap of Phx Minerals (PHX)?
