PHX Minerals Inc., "PHX," , today announced it will release results for the quarter ended June 30, 2024, following the close of market on Wednesday, Aug. 7, 2024. Management will host a conference call to discuss the results at 11 a.m. EDT on Aug 8, 2024. Interested parties may access the conference call by dialing 877-407-3088 or 201-389-0927. A replay of the conference call will be available for 14 days by dialing [...]
PHX Minerals Inc., , today announced that its Board of Directors has declared a quarterly dividend of $0.03 per share on the company's common stock. The dividend is payable on June 11, 2024, to shareholders of record on May 31, 2024. About PHX Minerals Inc.PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter ended March 31, 2024. Summary of Results for the Quarter Ended March 31, 2024 Net loss was million, or per diluted share, compared to net income of $2.5 million, or $0.07 per diluted share, for the quarter ended Dec. 31, 2023. Adjusted EBITDA was $4.6 million, compared to $4.5 million for the quarter ended Dec. 31 [...]
FORT WORTH, Texas, April 22, 2024 /PRNewswire/ -- PHX Minerals Inc., "PHX," , today announced it will release results for the quarter ended March 31, 2024, following the close of market on Wednesday, May 8, 2024. Management will host a conference call to discuss the results at 11 a.m. EDT on May 9, 2024. Interested parties may access the conference call by dialing 877-407-3088 or 201-389-0927. A replay of the conference [...]
PHX Minerals Inc., "PHX" or the "Company" today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms. Further, the Maturity Date of the credit facility was extended from Sept. 1 [...]
Beta Shale, LLC , an Oklahoma City based oil and natural gas company that owns 1,559,910 shares of PHX Minerals Inc., "PHX" or the "Company" , sent another letter of concern to the PHX Board of Directors on April 17, 2024 about PHX performance and future direction. In response to a disappointing Q4 2023 earnings call, Beta Shale, LLC will vote against proposals 1 , 2 , and 4 of current proxy statement . Despite repeated [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter and fiscal year ended Dec. 31, 2023. Summary of Results for the Period Ended Dec. 31, 2023 Net income in the fiscal fourth quarter and full fiscal year 2023 was $2.5 million, or $0.07 per diluted share, and $13.9 million, or $0.39 per diluted share, respectively, compared to net income of $1.9 million, or $0.05 per [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2023 year ended Dec. 31, 2023, following the close of market on Tuesday, March 12, 2024. As a reminder, the Board approved a change in PHX's fiscal year end from Sept. 30 to Dec. 31 in Dec. of 2022. Management will host a conference call to discuss the results at 11 a.m. EDT on March 13, 2024. Interested parties may access the conference [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter ended Sept. 30, 2023. Summary of Results for the Quarter Ended Sept. 30, 2023 Net income was $1.9 million, or $0.05 per diluted share, compared to net loss of million, or $0.00 per diluted share, for the quarter ended June 30, 2023, and net income of $9.2 million, or $0.25 per diluted share, for the quarter ended [...]
PHX Minerals Inc., "PHX," , today announced it will release results for the quarter ended Sept. 30, 2023, following the close of market on Wednesday, Nov. 8, 2023. Management will host a conference call to discuss the results at 11 a.m. EST on Nov. 9, 2023. Interested parties may access the conference call by dialing 877-407-3088 or 201-389-0927. A replay of the conference call will be available for 14 days by dialing [...]
Beta Shale, LLC , an Oklahoma City based oil and natural gas company that owns 1,559,910 shares of PHX Minerals Inc., "PHX" or the "Company" , sent a letter to the PHX Board of Directors on August 10, 2023 following the rejection of WhiteHawk Energy's proposed business combination, in addition to the rejection of Beta's own offer. In the letter, Beta requested further clarity on the WhiteHawk Energy proposal decision [...]
Acquisition Highlights Expected to be immediately accretive on a cash flow per share basis Builds upon our existing mineral and royalty positions in the Haynesville and the SCOOP Approximately 988 net royalty acres Anticipated next 12-month production of between 1.2 and 1.4 Bcfe , generating an estimated $4.0 to $4.3 million of cash flow at NYMEX strip pricing as of Aug. 9, 2023 Expected to add approximately 31 gross [...]