Phx Minerals Inc Stock Price, News & Analysis

PHX Minerals Inc. (NYSE: PHX) will release its fiscal 2022 first quarter results on February 14, 2022, after market close. A conference call to discuss these results is scheduled for February 15, 2022, at 11:00 a.m. EST. Interested participants can join by dialing 877-407-3088 for domestic or 201-389-0927 for international access. PHX Minerals focuses on the growth of its mineral position across key states including Oklahoma, Texas, Louisiana, North Dakota, and Arkansas, further positioning itself within the natural gas and oil sector.

PHX Minerals Inc. (PHX) reported financial results for Q4 and FY 2021, with total production increasing 6% year-over-year to 9,076 Mmcfe. Royalty production volumes rose 25% to 4,178 Mmcfe for the fiscal year. Despite a net loss of $(6.2) million, a significant improvement from $(24.0) million in FY 2020, the company saw an 11% rise in adjusted EBITDA to $15.0 million. A 50% increase in the quarterly dividend to 1.5 cents per share was announced. Debt was reduced by 39%, now totaling $17.5 million, improving the total debt to adjusted EBITDA ratio to 1.17x.

PHX Minerals Inc. (NYSE: PHX) announced an increase in its Credit Facility borrowing base from $27.5 million to $32.0 million. The Company also has purchase agreements for 426 net royalty acres in Caddo Parish, Louisiana, for $5,787,272 in cash. The Acquisition is funded through cash and borrowings, leading to an estimated total debt of $20.0 million post-acquisition. CEO Chad Stephens noted that the Acquisition will provide immediate cash flow and help replace volumes from a previous divestiture. The deal is set to close by December 15, 2021.

PHX Minerals Inc. (NYSE: PHX) has divested 193 non-operated legacy wellbores in Oklahoma, generating approximately $2.5 million, with buyers assuming $500,000 of asset retirement obligations. This follows previous sales totaling $4.625 million, removing $670,000 in obligations from the balance sheet. Additionally, PHX acquired 172 net royalty acres in Carter and Stephens Counties for $1.376 million. These moves are part of PHX's strategy to enhance its asset base, focusing on higher-margin minerals and expected to maintain overall production levels in 2022.

PHX Minerals Inc. (NYSE: PHX) announced it will release its fiscal 2021 results on December 13, 2021, after the market closes. A conference call to discuss these results will occur at 5:00 p.m. EST the same day, allowing for a question-and-answer session with investors. The company's mineral assets are primarily located in states such as Oklahoma, Texas, North Dakota, New Mexico, and Arkansas. Interested parties can access the news release and participate by calling specific domestic or international numbers provided.

PHX Minerals Inc. (NYSE: PHX) has announced the acquisition of approximately 827 net royalty acres in the Haynesville play located in East Texas and Louisiana for $5.2 million in cash and stock. This acquisition includes a mix of cash and 1,519,481 shares of PHX common stock, subject to a 120-day lock-up period, and is expected to close by December 1, 2021. Additionally, PHX has completed two prior transactions for 219 net royalty acres for $2.3 million. The acquisitions enhance PHX's asset base with significant upside potential in a key natural gas region.

On November 1, 2021, PHX Minerals Inc. (NYSE: PHX) announced the sale of 499 non-operated wellbores in Arkansas for $2,125,000. The buyer will assume a $173,000 asset retirement obligation. PHX also acquired approximately 220 net royalty acres in Oklahoma for $1,216,374. This strategic divestiture aligns with PHX's aim to focus on higher-margin mineral and royalty operations. CEO Chad Stephens emphasized the intent to enhance corporate margins and expand royalty production volumes through this move.

PHX MINERALS INC. (NYSE: PHX) has declared a quarterly dividend of one cent per share, approved by its Board of Directors on October 18, 2021. The dividend will be payable on December 7, 2021, to shareholders of record as of November 23, 2021. This move reflects the company's strategy in the natural gas and oil sector, where it holds approximately 251,000 net mineral acres across key states including Oklahoma, Texas, and North Dakota.

PHX MINERALS INC. (NYSE: PHX) has successfully closed the acquisition of two mineral and royalty packages in East Texas and Louisiana, totaling 817 net royalty acres for $7,249,347. This amount includes $728,214 in cash and 2,349,207 newly issued shares of PHX common stock. The cash flow from production related to this acquisition is expected to commence on April 1, 2021. PHX aims to enhance its mineral position, owning approximately 251,000 net mineral acres across various states including Oklahoma and Texas.