PHX Minerals Shareholders Face Major Change as Company Exits NYSE

Rhea-AI Filing Summary

PHX Minerals has filed a Form 25 with the SEC, notifying the removal of its Class A Common Stock from listing and registration on the New York Stock Exchange (NYSE). The delisting notification was filed on June 28, 2025, with the actual certification dated June 23, 2025.

The company, headquartered at 1320 South University Drive, Fort Worth, Texas, is proceeding with this delisting action under SEC rules. The filing was certified by NYSE representative Anthony Sozzi, Market Watch Analyst, confirming the exchange's compliance with applicable rules for delisting procedures.

This Form 25 filing is significant as it indicates PHX Minerals will no longer be traded on the NYSE, which could impact stock liquidity and trading accessibility for investors. The company's Commission File Number is 001-31759.

Positive

• None.

Negative

• PHX Minerals is being delisted from the New York Stock Exchange (NYSE), which significantly reduces trading visibility and institutional investor access
• Delisting from a major exchange like NYSE often indicates financial distress or failure to meet listing requirements, which could impact investor confidence and stock liquidity

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-31759

Issuer:	PHX MINERALS INC.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	1320 South University Drive
	Fort Worth	TEXAS	76107
Telephone number:					(405) 948-1560

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Class A Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-06-23	By	Anthony Sozzi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why is PHX Minerals being delisted from the NYSE?

PHX Minerals Inc. (PHX) is being removed from listing on the New York Stock Exchange (NYSE) through a Form 25 filing. The delisting is being processed under NYSE's compliance with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange, as indicated by the checked box referring to 17 CFR 240.12d2-2(b).

When will PHX Minerals' delisting from NYSE become effective?

The Form 25 notification for PHX Minerals' delisting was filed on June 28, 2025, with the document being signed by NYSE Market Watch Analyst Anthony Sozzi on June 23, 2025. While the exact effective date isn't specified in the filing, Form 25 delistings typically become effective 10 days after filing.

What securities of PHX Minerals are being delisted from the NYSE?

The securities being delisted from the NYSE are PHX Minerals Inc.'s Class A Common Stock, as specified in the Form 25 filing.

Where is PHX Minerals' headquarters located according to the Form 25?

According to the Form 25 filing, PHX Minerals Inc.'s principal executive offices are located at 1320 South University Drive, Fort Worth, Texas 76107. The company's telephone number is listed as (405) 948-1560.