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. (NYSE: PHX) has launched an underwritten public offering of 5,000,000 shares of common stock, with an option for underwriters to purchase an additional 750,000 shares. The proceeds will be allocated towards a pending acquisition and general corporate purposes. Stifel is the book-running manager, supported by Northland Capital Markets and Seaport Global Securities. The offering falls under an effective shelf registration statement with the SEC. Details regarding the offering can be obtained via Stifel.
PHX Minerals Inc. (NYSE: PHX) announced an amendment to its revolving credit facility with Bank of Oklahoma, effective April 7, 2021. The revised borrowing base is set at $29 million, maturing on November 30, 2023, with a reduced quarterly commitment reduction of $500,000. As of March 31, 2021, PHX reported $23.5 million in outstanding debt, a decrease of $3.5 million since December 31, 2020. The next borrowing base redetermination is scheduled for December 1, 2021.
PHX Minerals Inc. (NYSE: PHX) has declared a quarterly dividend of one cent per share, approved during the Board of Directors meeting on March 2, 2021. This dividend is set for payment on June 4, 2021, to shareholders on record by May 20, 2021. PHX operates primarily in natural gas and oil mineral rights, owning approximately 253,000 net mineral acres across several states including Oklahoma, Texas, North Dakota, New Mexico, and Arkansas.
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.
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