Phx Minerals Inc Stock Price, News & Analysis

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.

PHX Minerals Inc. (NYSE: PHX) announced that President and CEO Chad Stephens, along with CFO Ralph D'Amico, will present at the Stifel 2022 Cross Sector Insight Conference on June 9, 2022, at 3:35 p.m. EDT in Boston. The company, based in Oklahoma City, focuses on natural gas and oil mineral rights and owns approximately 75,000 net leased mineral acres across Oklahoma, Louisiana, Texas, North Dakota, and Arkansas. Investors can access the conference webcast through the Investor Relations section on the company's website.

PHX Minerals Inc. (NYSE: PHX) announced an amendment to its credit facility, increasing the borrowing base from $32.0 million to $50.0 million. As of March 31, 2022, the company had $24.0 million outstanding under the facility and $1.7 million in cash, resulting in total liquidity of approximately $27.7 million. This 72% increase reflects confidence in PHX's high-quality assets and supports its mineral acquisition strategy, which focuses on converting undeveloped locations to production.

PHX Minerals Inc. (PHX) reported second-quarter results for fiscal 2022, highlighting a net loss of $4 million ($0.12 per share), a significant decline from net income of $6.7 million in the previous quarter. Royalty production volumes surged 26% to a record 1,548 Mmcfe, while total production rose 16% to 2,460 Mmcfe. Adjusted EBITDA improved to $5.8 million, up from $3.6 million year-over-year. The company made significant acquisitions, closing on $9.3 million in net royalty acres. Additionally, the quarterly dividend increased by 33% to $0.02 per share, payable June 3, 2022.

PHX Minerals Inc. (NYSE: PHX) announced an acquisition of approximately 477 net royalty acres in the Haynesville play, Louisiana, for $4.3 million. This acquisition complements a previous $5.1 million deal from April 19, 2022. Funded through cash and borrowings, the acquisition is expected to close by May 13, 2022. It includes three producing gross wells and an estimated net reserve of 3.0 Bcf, with production anticipated at 350 to 450 mcf/d. This expansion strengthens PHX's footprint in the Haynesville and is operated by Chesapeake.

PHX Minerals Inc. (NYSE: PHX) announced it will release its fiscal 2022 second-quarter results on May 9, 2022, after the market closes. The subsequent conference call to discuss the results is scheduled for May 10, 2022, at 11:00 a.m. EST. Investors can join by dialing 877-407-3088 for domestic calls or 201-389-0927 for international participation. The news release will be accessible on the company's website in the Investors section. PHX Minerals focuses on growing its mineral holdings primarily in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas.

PHX Minerals Inc. (NYSE: PHX) has announced the acquisition of approximately 506 net royalty acres in the Haynesville play, primarily located in Louisiana, for $5.1 million. The deal, unanimously approved by the Board, will be funded through cash and credit facility borrowings, expected to close by May 27, 2022. This acquisition adds to PHX's portfolio of 5,000 net royalty acres since January 2020, with the company investing around $40 million. The Haynesville area is positioned as a critical natural gas resource, crucial for U.S. LNG exports and Europe's energy needs amid ongoing crises.

PHX Minerals Inc. (NYSE: PHX) announced the appointment of Steve Packebush to its Board of Directors effective April 1, 2022, filling the vacancy left by the retirement of Christopher T. Fraser on March 2, 2022. Packebush, a founder of Elevar Partners and former president of Koch Ag & Energy Solutions, brings extensive experience in the agriculture and energy sectors. His addition is expected to provide valuable insights and a fresh perspective to the board, enhancing the company's strategy to grow its mineral assets across key regions.