Sale of 257 non-operated legacy working interest wellbores for $10.7 million, advances strategy of high-grading Company's asset base to further fixed-cost royalty production model PHX Minerals Inc. , announced today that it has entered into two agreements with separate buyers to sell 257 non-operated legacy working interest wellbores in the Arkoma Basin and the Eagleford Play for total cash consideration of approximately [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the fiscal fourth quarter and fiscal year ended Sept. 30, 2022. 30, 2022 Net income in the fiscal fourth quarter of 2022 and full fiscal year 2022 was $9.2 million, or $0.26 per share, and $20.4 million, or $0.59 per share, respectively, compared to net income of $8.6 million, or $0.25 per share, in the fiscal third quarter of [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2022 year ended Sept. 30, 2022, on Tuesday, Dec. 13, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EST on Dec. 14, 2022. Management's discussion will be followed by a question-and-answer session with investors. To participate on [...]
PHX Minerals Inc., , today announced that its Board of Directors has declared a quarterly dividend of $0.02 per share on the company's common stock. The dividend is payable on Dec. 7, 2022, to shareholders of record on Nov. 23, 2022. PHX Minerals Inc. Fort Worth-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns [...]
PHX Minerals Inc., , today announced that it has closed on the previously announced sale of all its remaining legacy non-operated working interest wellbores in the Fayetteville Shale play in Arkansas to an undisclosed buyer for a total of $6,050,000. This divestiture represents 210 gross legacy wellbores and removes approximately $212,000 in asset retirement obligation from the Company's balance sheet. On a pro forma [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the third fiscal quarter ended June 30, 2022. 30, 2022, AND SUBSEQUENT EVENTS Net income in the third fiscal quarter of 2022 was $8.6 million, or $0.25 per share, compared to net loss of million, or per share, in the second fiscal quarter of 2022. Adjusted EBITDA of $7.2 million for the third fiscal quarter of 2022 increased [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2022 third quarter ended June 30, 2022, on Monday, Aug. 8, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EDT on Aug. 9, 2022. Management's discussion will be followed by a question and answer session with investors. To [...]
PHX Minerals Inc. , a natural gas focused mineral and royalty company, today announced that Chad Stephens, President and CEO, and Ralph D'Amico, Chief Financial Officer, will present at the Stifel 2022 Cross Sector Insight Conference at 3:35 p.m. EDT, on Thursday, June 9, 2022, at the InterContinental Hotel in Boston. You may access the webcast on the Investor Relations section of www.phxmin.com under Events, or by [...]
OKLAHOMA CITY , May 18, 2022 /PRNewswire/ -- PHX Minerals Inc. , today announced that it has entered into an amendment to its credit facility under which the borrowing base has been increased from $32.0 million to $50.0 million in connection with its regularly scheduled semi-annual redetermination. As of March 31, 2022, the Company had $24.0 million outstanding under the Credit Facility and $1.7 million of cash on hand [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the second fiscal quarter ended March 31, 2022. 31, 2022, AND SUBSEQUENT EVENTS Royalty production volumes for the second fiscal quarter of 2022 increased 26% to a record 1,548 Mmcfe, and total production volumes for the second fiscal quarter of 2022 increased 16% to 2,460 Mmcfe compared to the first fiscal quarter of 2022. 82 [...]
PHX Minerals Inc. today announced a mineral and royalty acquisition targeting the Haynesville play in Louisiana. PHX has agreed to acquire approximately 477 net royalty acres located in three contiguous sections operated by Chesapeake for aggregate consideration of $4,300,000 in cash from a private seller subject to customary closing adjustments . The Acquisition is in addition to the Company's $5,100,000 acquisition in [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2022 second quarter ended March 31, 2022, on Monday, May 9, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EST on May 10, 2022. Management's discussion will be followed by a question and answer session with investors. To [...]