PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. It owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas. As of September 30, 2020, it had proved reserves of 57.7 Bcfe. It sells its products to pipeline and marketing companies. The company was formerly known as Panhandle Oil and Gas Inc. and changed its name to PHX Minerals Inc. in October 2020. PHX Minerals Inc. was founded in 1926 and is based in Oklahoma City, Oklahoma.
IPO Year: 2003
Exchange: NYSE
Website: phxmin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2023 | $5.50 | Buy | Johnson Rice |
| 10/3/2022 | $6.00 | Outperform | Northland Capital |
Johnson Rice initiated coverage of PHX Minerals with a rating of Buy and set a new price target of $5.50
Northland Capital resumed coverage of PHX Minerals with a rating of Outperform and set a new price target of $6.00
Seaport Global initiated coverage of PHX Minerals with a rating of Buy
Northland Capital Markets initiated coverage of PHX Minerals with a rating of Outperform and set a new price target of $4.00
FORT WORTH, Texas, Dec. 12, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today announced that its Board of Directors (the "Board") has agreed to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential merger or sale of the Company. RBC Capital Markets, LLC has been retained as financial advisor to assist in the review process. About PHX Minerals Inc. 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 mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional i
FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX): The Board of Directors of PHX responds to the WhiteHawk Energy, LLC ("WhiteHawk") proposal to acquire PHX. The PHX Board of Directors appreciates engagement from all stockholders to enhance stockholder value. We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect to the WhiteHawk proposal, as we communicated to WhiteHawk, the Board of Directors of PHX believes it is in the best interest of the Company's stockholders to decline this proposal. About PHX Minerals Inc. PHX Minerals is a natural gas and oil mineral company with a s
Calls upon the PHX Board of Directors to engage with WhiteHawk to pursue and complete a transaction Encourages PHX stockholders to reach out to PHX's Board and ask them to engage with WhiteHawk around a value-maximizing transaction WhiteHawk Energy, LLC (together with its subsidiaries, "WhiteHawk"), calls for a response from the Board of Directors of PHX Minerals, Inc. ("PHX" or the "Company") related to WhiteHawk's proposal to acquire PHX in a $4.00 per share all-cash transaction. "We are asking all stockholders to reach out to PHX to encourage discussions with WhiteHawk related to WhiteHawk's all cash proposal of $4.00 per share. We have previously demonstrated financing for this tr
FORT WORTH, Texas, Nov. 6, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today reported financial and operating results for the quarter ended Sept. 30, 2024. Summary of Results for the Quarter Ended Sept. 30, 2024 Net income was $1.1 million, or $0.03 per diluted share, compared to net income of $1.3 million, or $0.04 per diluted share, for the quarter ended June 30, 2024, and net income of $1.9 million, or $0.05 per diluted share, for the quarter ended Sept. 30, 2023.Adjusted EBITDA(1) was $4.9 million, compared to $6.4 million for the quarter ended June 30, 2024 and $6.3 million for the quarter ended Sept. 30, 2023.Royalty production volumes decreased 23% to 2
FORT WORTH, Texas, Oct. 23, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE:PHX), today announced it will release results for the quarter ended Sept. 30, 2024, following the close of market on Wednesday, Nov. 6, 2024. Management will host a conference call to discuss the results at 12 p.m. EST on Nov 7, 2024. Interested parties may access the conference call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13748980. A live audio webcast of the conference call will be accessible from the "Investors" section of the PHX website at https://phxmin.com/events. The webcast
Proposal reflects a 19% premium to PHX's 90 day volume weighted average price, and a 17% premium to PHX's 30 day volume weighted average price WhiteHawk letter to PHX Board of Directors highlights PHX stockholders suffering from excessive G&A expenses, dilutive acquisitions, minimal dividends, and as a result, persistent stock price underperformance WhiteHawk has acquired and currently owns 946,506 common shares of PHX or approximately 2.5% of the outstanding common stock Urges the PHX Board of Directors to engage with WhiteHawk to pursue and complete a transaction following unwillingness to engage over the past 18 months WhiteHawk Energy, LLC (together with its subsidiaries, "WhiteHawk
President and CEO, Mark Behrman, to Succeed Mr. Roedel as Board Chairman LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU) today announced the retirement of Richard Roedel as Chairman of the Board of Directors (the "Board") due to personal health reasons, effectively immediately. The Board has elected Mark Behrman, LSB's President and CEO, to serve as Chairman of the Board. Lynn White, a member of LSB's Board since 2015, has been appointed Lead Independent Director. Mr. Roedel will remain on the Board until a successor is identified and elected in order to ensure an orderly transition. "It has been an extremely gratifying experience to serve on a Board of this caliber," stated M
FORT WORTH, Texas, Aug. 7, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today reported financial and operating results for the quarter ended June 30, 2024. Summary of Results for the Quarter Ended June 30, 2024 Net income was $1.3 million, or $0.04 per diluted share, compared to net loss of ($0.2) million, or ($0.01) per diluted share, for the quarter ended March 31, 2024.Adjusted EBITDA(1) was $6.4 million, compared to $4.6 million for the quarter ended March 31, 2024.Royalty production volumes increased 46%, to a quarterly record 2,709 Mmcfe, compared to the quarter ended March 31, 2024, as a result of high interest high impact wells coming online in the Hayn
FORT WORTH, Texas, July 24, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: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 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13748051. A live audio webcast of the conference call will be accessible from the "Investors" section of the PHX website at https://phxmin.com/events. The webcast w
FORT WORTH, Texas, May 20, 2024 /PRNewswire/ -- PHX Minerals Inc., (NYSE:PHX), 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 principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at www.phxmin.com. View original content:https://www.prnewswire.com/news-releases/
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President and CEO, Mark Behrman, to Succeed Mr. Roedel as Board Chairman LSB Industries, Inc. ("LSB" or "the Company"), (NYSE:LXU) today announced the retirement of Richard Roedel as Chairman of the Board of Directors (the "Board") due to personal health reasons, effectively immediately. The Board has elected Mark Behrman, LSB's President and CEO, to serve as Chairman of the Board. Lynn White, a member of LSB's Board since 2015, has been appointed Lead Independent Director. Mr. Roedel will remain on the Board until a successor is identified and elected in order to ensure an orderly transition. "It has been an extremely gratifying experience to serve on a Board of this caliber," stated M
FORT WORTH, Texas, Nov. 6, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today reported financial and operating results for the quarter ended Sept. 30, 2024. Summary of Results for the Quarter Ended Sept. 30, 2024 Net income was $1.1 million, or $0.03 per diluted share, compared to net income of $1.3 million, or $0.04 per diluted share, for the quarter ended June 30, 2024, and net income of $1.9 million, or $0.05 per diluted share, for the quarter ended Sept. 30, 2023.Adjusted EBITDA(1) was $4.9 million, compared to $6.4 million for the quarter ended June 30, 2024 and $6.3 million for the quarter ended Sept. 30, 2023.Royalty production volumes decreased 23% to 2
FORT WORTH, Texas, Oct. 23, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE:PHX), today announced it will release results for the quarter ended Sept. 30, 2024, following the close of market on Wednesday, Nov. 6, 2024. Management will host a conference call to discuss the results at 12 p.m. EST on Nov 7, 2024. Interested parties may access the conference call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13748980. A live audio webcast of the conference call will be accessible from the "Investors" section of the PHX website at https://phxmin.com/events. The webcast
FORT WORTH, Texas, Aug. 7, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today reported financial and operating results for the quarter ended June 30, 2024. Summary of Results for the Quarter Ended June 30, 2024 Net income was $1.3 million, or $0.04 per diluted share, compared to net loss of ($0.2) million, or ($0.01) per diluted share, for the quarter ended March 31, 2024.Adjusted EBITDA(1) was $6.4 million, compared to $4.6 million for the quarter ended March 31, 2024.Royalty production volumes increased 46%, to a quarterly record 2,709 Mmcfe, compared to the quarter ended March 31, 2024, as a result of high interest high impact wells coming online in the Hayn
FORT WORTH, Texas, July 24, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: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 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13748051. A live audio webcast of the conference call will be accessible from the "Investors" section of the PHX website at https://phxmin.com/events. The webcast w
FORT WORTH, Texas, May 20, 2024 /PRNewswire/ -- PHX Minerals Inc., (NYSE:PHX), 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 principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at www.phxmin.com. View original content:https://www.prnewswire.com/news-releases/
FORT WORTH, Texas, May 8, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), 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 ($0.2) million, or ($0.01) 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(1) was $4.6 million, compared to $4.5 million for the quarter ended Dec. 31, 2023.Royalty production volumes decreased 5% to 1,857 Mmcfe compared to the quarter ended Dec. 31, 2023.Total production volumes decreased 6% to 2,117 Mmcfe compared to the quarter ended Dec. 31, 2023.
FORT WORTH, Texas, April 22, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: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 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13746174. A live audio webcast of the conference call will be accessible from the "Investors" section of the PHX website at https://phxmin.com/events. The webcast
FORT WORTH, Texas, March 12, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), 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 diluted share, for the quarter ended Sept. 30, 2023, and net income of $17.1 million, or $0.48 per diluted share, for the year ended Dec. 31, 2022.Adjusted EBITDA(1) in the fiscal fourth quarter and full fiscal year
FORT WORTH, Texas, Feb. 5, 2024 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: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 call by dialing 877-407-3088 (U.S. Toll-Free) or 201-389-0927. A replay of the conference call will be available for 14 days by dialing 877-660-6853 and using the access code 13744298. A live audio webcast of the con
FORT WORTH, Texas, Aug. 15, 2023 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today confirmed that its board of directors (the "Board") previously received, thoroughly reviewed and rejected an unsolicited, non-binding proposal from WhiteHawk Income Corporation ("WhiteHawk") 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 methodology that PHX has utilized to evaluate over 150 potential acquisitions since 2020, the Board carefully considered WhiteHawk's offer. Following this comprehensive review, the Board unanimousl
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