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 Inc. (PHX) reported a net loss of $0.6 million in Q1 2021, down from a profit of $1.9 million in Q1 2020. Production volumes slightly increased to 2,074 Mmcfe, yet revenue dropped 42% to $6.19 million due to lower natural gas, oil, and NGL prices. Adjusted EBITDA decreased to $2.76 million, but debt was reduced by 6% to $27 million. The company approved a dividend of $0.01 per share, payable March 5, 2021. PHX continues to acquire mineral assets and reported a decrease in total cost per Mcfe, driven primarily by reduced depreciation rates.
PHX Minerals Inc. (NYSE: PHX) announced it will release its fiscal 2021 first quarter results on February 8, 2021, after the NYSE trading close. A conference call will follow at 5:00 p.m. EST to discuss the results and address investor questions. The company, based in Oklahoma City, holds approximately 253,000 net mineral acres across Oklahoma, Texas, North Dakota, New Mexico, and Arkansas, with about 71% being unleased and undeveloped. More details are available at their official website.
PHX MINERALS INC. (NYSE: PHX) announced the appointment of John H. Pinkerton to its Board of Directors effective February 1, 2021. Mr. Pinkerton succeeds Robert E. Robotti, who retired on May 1, 2020. This addition increases the board size to six members. With extensive experience in the oil and gas sector, including leadership roles at Range Resources Corporation and Encino Energy, Mr. Pinkerton aims to enhance the company's growth strategy in mineral acquisitions.
PHX Minerals reported a net loss of $24 million in fiscal 2020, narrowing from $40.7 million in 2019. Production volumes decreased by 17% to 8.6 Bcfe, while revenue fell 56% to $29 million. Adjusted EBITDA was $13.5 million, down from $36.9 million. Despite challenges from COVID-19, the company paid down $6.7 million in debt and reduced cash expenses by 19%, indicating a focus on fiscal health. Looking ahead, the company aims to eliminate debt in four years and pursue strategic mineral acquisitions, bolstered by its recent equity offering of 5.75 million shares.
PHX Minerals Inc. (NYSE: PHX) will announce its fiscal 2020 results on December 10, 2020, after market close. The results will cover the year ending September 30, 2020. A conference call at 5:00 p.m. EST will follow, allowing investors to engage in a Q&A session. PHX owns approximately 253,000 net mineral acres in key states, with about 71% unleased and undeveloped. Detailed information will be posted on their website.
PHX MINERALS INC. (NYSE: PHX) announced a quarterly dividend of one cent per share during its Board meeting on October 23, 2020. The dividend is set to be paid on December 7, 2020, to shareholders recorded by November 23, 2020. Based in Oklahoma City, PHX focuses on growing its mineral holdings, owning approximately 253,000 net mineral acres across several states, with 71% of these being unleased and undeveloped.
PHX Minerals Inc. (formerly Panhandle Oil and Gas) announced a name change effective October 8, 2020, aimed at reflecting its new corporate strategy. The company will now focus solely on acquiring and managing mineral rights, ceasing participation as a non-operated working interest owner in new drilling wells. With approximately 253,000 net mineral acres across several states, 71% of its assets are still undeveloped. This strategic shift emphasizes growth through the acquisition of high-quality minerals and divestment of lower-margin properties.
Panhandle Oil and Gas Inc. (NYSE: PHX) has finalized the acquisition of two mineral and royalty packages in Grady County, Oklahoma, and Panola and Harrison Counties, Texas, for approximately $5.5 million and 153,375 shares of common stock. This deal allows Panhandle to benefit from cash flow starting June 1, 2020. CEO Chad L. Stephens highlighted the importance of this acquisition in transitioning the company's focus towards minerals and expressed optimism about future market opportunities.
Panhandle Oil and Gas Inc. (NYSE: PHX) has priced its public offering of 5 million shares of common stock at $1.63 each. The offering aims to raise about $7.2 million after expenses, with expected closure on or around Sept. 1, 2020. The funds will be used for acquisitions and general corporate purposes. Additionally, underwriters have a 30-day option to purchase 750,000 extra shares at the same price. The offering is made under an effective shelf registration statement.
Panhandle Oil and Gas Inc. (NYSE: PHX) announced its agreement to acquire mineral and royalty assets in the SCOOP and Haynesville plays for approximately $6.9 million in cash and stock. The transaction includes $6.4 million in cash and $0.5 million in stock, with funding through a public offering. The assets consist of 795 net royalty acres with an estimated 7.4 Bcfe of reserves and a current production of 1.1 Mmcfe/d. The deal, approved by the Board, is set to close in the first fiscal quarter of 2021.
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