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 reported a net income of $3.3 million, or $0.09 per share, for Q4 2022, down from $9.2 million in Q3 2022 and $6.7 million in Q4 2021. Adjusted EBITDA fell to $5.3 million from $8.4 million in Q3 2022. Total production dropped 15% to 2,215 Mmcfe compared to Q3 2022, but rose 4% year-over-year. The company invested $14.7 million in acquisitions while reducing total debt to $33.3 million. Despite a challenging environment due to lower commodity prices, management remains optimistic about a potential recovery in natural gas prices in late 2023.
PHX MINERALS INC. (PHX) has successfully closed the sales of its legacy non-operated working interest wellbores in the Arkoma Basin and Eagleford Play, totaling $10.7 million. The Arkoma Basin sale included 151 wellbores for approximately $5.1 million, removing $0.2 million in asset retirement obligations. The Eagleford Play, consisting of 106 wellbores, sold for about $5.6 million, eliminating $0.7 million in obligations. Following these transactions, PHX retains 563 gross legacy non-operated working interest wellbores.
PHX Minerals Inc. (NYSE: PHX) will release its quarterly financial results for the period ending December 31, 2022, on February 8, 2023, after market closure. Management will host a conference call on February 9, 2023, at 11 a.m. EST to discuss these results. The conference call can be accessed by calling 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A replay will be available for 14 days post-call. PHX, a natural gas and oil mineral company, focuses on growing its mineral position across key areas in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas.
PHX Minerals has announced the sale of 257 non-operated legacy working interest wellbores for approximately $10.7 million. This sale includes assets in the Arkoma Basin and Eagleford Play, with buyers assuming $879,000 in asset retirement obligations. The proceeds will be used to acquire higher-margin minerals and repay credit facility borrowings. Once completed, PHX will retain 564 legacy working interest wellbores, marking a significant reduction since the CEO's appointment in 2019.
PHX Minerals Inc. (PHX) reported strong financial results for Q4 and fiscal year 2022, achieving a net income of $9.2 million ($0.26/share) in Q4 and $20.4 million ($0.59/share) for the year. Adjusted EBITDA rose to $8.4 million in Q4 and $25.8 million for the year. Royalty production set a record at 1,842 Mmcfe in Q4, up 15% year-over-year. Proved royalty reserves jumped 45% to 52.8 Bcfe. The company increased its quarterly dividend by 12.5% and reaffirmed its borrowing base at $50 million. Total debt stood at $28.3 million with a debt to adjusted EBITDA ratio of 1.10x.
PHX Minerals Inc. (NYSE: PHX) will release its fiscal 2022 results on December 13, 2022, after market close. A follow-up conference call is scheduled for 11:00 a.m. EST on December 14, 2022, where management will discuss the results and answer investor questions. The company, based in Fort Worth, focuses on growing its mineral position primarily in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The news release and conference call access information can be found on the company's website.
PHX Minerals Inc. (NYSE: PHX) announced a quarterly dividend of $0.02 per share, payable on Dec. 7, 2022, to shareholders of record on Nov. 23, 2022. The company, based in Fort Worth, Texas, focuses on the natural gas and oil mineral sector, owning mineral rights primarily in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. This dividend highlights the company's commitment to returning value to shareholders while strategically growing its mineral position in key areas.
PHX Minerals Inc. (NYSE: PHX) has completed the divestiture of 210 legacy non-operated working interest wellbores in the Fayetteville Shale for $6,050,000. This sale reduces the company's asset retirement obligations by approximately $212,000. In a strategic move, PHX also acquired 575 net royalty acres in Louisiana for $6,226,489, redeploying the funds from the divestiture. These transactions aim to enhance the asset base by focusing on higher-margin royalty minerals in active natural gas production areas, potentially increasing cash flows in future quarters.
PHX Minerals Inc. (PHX) reported a strong third fiscal quarter for 2022, achieving a net income of $8.6 million ($0.25 per share) compared to a net loss of $4.0 million in the previous quarter. Adjusted EBITDA rose to $7.2 million, up from $5.8 million. Royalty production increased by 3% to 1,595 Mmcfe, while total production slightly declined by 1% to 2,430 Mmcfe. Total debt stood at $28.3 million, with a debt-to-adjusted EBITDA ratio of 1.31x. The company also declared a $0.02 quarterly dividend, payable on September 9, 2022.
PHX Minerals Inc. (NYSE: PHX) announces it will release its fiscal 2022 third-quarter results on August 8, 2022, after market close. A conference call to discuss these results will take place on August 9, 2022, at 11:00 a.m. EDT. Investors can join the call by calling 877-407-3088 for domestic lines or 201-389-0927 for international access. PHX Minerals is focused on growing its mineral position across approximately 75,000 net leased mineral acres primarily located in Oklahoma, Louisiana, Texas, North Dakota, and Arkansas.
FAQ
What is the current stock price of Phx Minerals (PHX)?
What is the market cap of Phx Minerals (PHX)?
