PHX Minerals Inc.

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 [...]

PHX Minerals Inc., "PHX" or the "Company" , today confirmed that its board of directors previously received, thoroughly reviewed and rejected an unsolicited, non-binding proposal from WhiteHawk Income Corporation to combine with PHX in a stock-for-stock transaction. The Board reiterates that it is open to and regularly evaluates opportunities to enhance stockholder value. Using a consistent process and valuation [...]

An affiliate of WhiteHawk Energy, LLC , an independent energy minerals and royalties company, today sent a letter to Mark Behrman, the Chairman of PHX Minerals Inc.'s board of directors, copied in full below, with respect to its proposal to combine with PHX in a stock-for-stock transaction to form a publicly traded corporation, WhiteHawk Minerals Corporation. Under the terms of the proposal, first made privately to PHX in [...]

PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter ended June 30, 2023. Summary of Results for the Quarter Ended June 30, 2023 Net loss was million, or $0.00 per share, compared to net income of $9.6 million, or $0.27 per share, for the quarter ended March 31, 2023, and net income of $8.6 million, or $0.25 per share, for the quarter ended June 30, 2022. Adjusted [...]