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PHX Minerals Inc. - PHX STOCK NEWS

Welcome to our dedicated news page for PHX Minerals (Ticker: PHX), a resource for investors and traders seeking the latest updates and insights on PHX Minerals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PHX Minerals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PHX Minerals's position in the market.

Rhea-AI Summary
WhiteHawk Energy proposes a stock-for-stock transaction to combine with PHX Minerals and form a publicly traded corporation called WhiteHawk Minerals. PHX stockholders would own approximately 61% of the pro forma equity and receive a one-time $0.20 per share cash dividend. The proposal aims to provide enhanced scale, additional mineral and royalty assets, G&A synergies of $4 million per year, and an increased stockholder payout ratio of 50-60% of distributable cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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dividends
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Rhea-AI Sentiment
End-of-Day
0.63%
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Rhea-AI Summary
PHX Minerals Inc. reports Q1 2023 financial results with net income of $9.6 million, a significant increase compared to previous quarters. Royalty production volumes increased by 29% and total production volumes increased by 12%. The company closed on acquisitions totaling 913 net royalty acres. PHX announced a quarterly dividend of $0.0225 per share. The borrowing base under PHX's credit facility will decrease from $50.0 million to $45.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
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dividends
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Rhea-AI Sentiment
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0.38%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.34%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.06%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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PHX Minerals Inc.

NYSE:PHX

PHX Rankings

PHX Stock Data

128.11M
24.90M
15.01%
45.7%
0.31%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
FORT WORTH

About PHX

panhandle oil & gas inc is an oil and energy company located in 6007 oklahoma ave, woodward, oklahoma, united states.