Phx Minerals Inc Stock Price, News & Analysis

PHX Minerals Inc. (NYSE: PHX) will announce its financial results for the quarter ended March 31, 2023, after the market closes on May 9, 2023. A conference call to discuss these results is scheduled for May 10, 2023, at 11 a.m. EDT. Stakeholders can participate by calling 877-407-3088 (U.S. Toll-Free) or 201-389-0927, and a replay will be available for 14 days following the call. PHX Minerals focuses on growing its mineral positions, owning acreage primarily in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. For more details, visit the company's website.

PHX Minerals Inc. (NYSE: PHX) released a strategy update on March 23, 2023, detailing its financial performance since adopting a mineral-only strategy in January 2020. The company emphasizes the strategic rationale and financial benefits linked to this approach. PHX Minerals focuses on growing its mineral positions primarily in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The investor presentation is available on their website, showcasing the advantages of their current strategy.

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.