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 |
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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
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
5 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
4 - PHX MINERALS INC. (0000315131) (Issuer)
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
10-Q - PHX MINERALS INC. (0000315131) (Filer)
8-K/A - PHX MINERALS INC. (0000315131) (Filer)
8-K - PHX MINERALS INC. (0000315131) (Filer)
8-K - PHX MINERALS INC. (0000315131) (Filer)
8-K - PHX MINERALS INC. (0000315131) (Filer)
10-Q - PHX MINERALS INC. (0000315131) (Filer)
8-K - PHX MINERALS INC. (0000315131) (Filer)
EFFECT - PHX MINERALS INC. (0000315131) (Filer)
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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, 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, April 18, 2024 /PRNewswire/ -- PHX Minerals Inc., "PHX" or the "Company" (NYSE:PHX) 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 (the "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, 2025, to Sept. 1, 2028. Chad Stephens, President and CEO, commented, "The reaffirmation of our borrowing base demonstrates the quality and resiliency of our assets and our financial stren
OKLAHOMA CITY, April 18, 2024 /PRNewswire/ -- Beta Shale, LLC ("Beta"), an Oklahoma City based oil and natural gas company that owns 1,559,910 shares of PHX Minerals Inc., "PHX" or the "Company" (NYSE:PHX), 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 (Election of Directors), 2 (Executive Compensation), and 4 (Shelf Registration) of current proxy statement (Form DEF 14A). Despite repeated calls for cost-cutting measures, management of PHX remains unresponsive while the Company has greatly simplified its business st
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. 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
FORT WORTH, Texas, Aug. 8, 2023 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), 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 ($0.04) 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 pretax net income(1) was $0.6 million, or $0.02 per share, compared to $4.7 million, or $0.13 per share, for the quarter ended March 31, 2023, and $4.3 million, or $0.12 per share, for the quarter ended June 30, 20
FORT WORTH, Texas, July 24, 2023 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE:PHX), today announced it will release results for the quarter ended June 30, 2023, following the close of market on Tuesday, Aug. 8, 2023. Management will host a conference call to discuss the results at 11 a.m. EDT on Aug. 9, 2023. 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 13740305. 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 wi
PHX Minerals (NYSE:PHX) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.02 by 150 percent. This is a 103.7 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $7.869 million which missed the analyst consensus estimate of $8.059 million by 2.35 percent. This is a 50.74 percent decrease over sales of $15.973 million the same period last year.
The Dow Jones index closed lower by over 30 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Power Solutions International The Trade: Power Solutions International, Inc. (OTC:PSIX) 10% owner Neil Gagnon acquired a total of 1,321 shares an average price of $2.00. To acquire these shares, it cost around $2,642. What’s Happening: On March 14
Northland Capital Markets analyst Donovan Schafer maintains PHX Minerals (NYSE:PHX) with a Outperform and lowers the price target from $5 to $4.3.
PHX Minerals (NYSE:PHX) reported its Q1 earnings results on Tuesday, March 12, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings PHX Minerals beat estimated earnings by 75.0%, reporting an EPS of $0.07 versus an estimate of $0.04. Revenue was down $6.49 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 5.0% drop in the share price the next day. Here's a look at PHX Minerals's past performance: Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.05 0.04 0.04 0.15 EPS Actual 0.05 0 0.27 0.09 Revenue Estimate 10.48M 9.13M 10.63M 15.57M Revenue Actual 9.18M 7
PHX Minerals (NYSE:PHX) reported quarterly earnings of $0.07 per share which met the analyst consensus estimate. The company reported quarterly sales of $11.783 million which beat the analyst consensus estimate of $10.382 million by 13.50 percent. This is a 35.51 percent decrease over sales of $18.270 million the same period last year.
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PHX Minerals (NYSE:PHX) is set to give its latest quarterly earnings report on Tuesday, 2024-03-12. Here's what investors need to know before the announcement. Analysts estimate that PHX Minerals will report an earnings per share (EPS) of $0.04. PHX Minerals bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.00, which was followed by a 4.55% drop in the share
Stifel analyst Derrick Whitfield maintains PHX Minerals (NYSE:PHX) with a Buy and lowers the price target from $5.7 to $5.5.
Stifel analyst Derrick Whitfield maintains PHX Minerals (NYSE:PHX) with a Buy and raises the price target from $5.4 to $5.7.
PHX Minerals (NYSE:PHX) reported quarterly earnings of $0.05 per share which met the analyst consensus estimate. This is a 80.77 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $9.18 million which missed the analyst consensus estimate of $10.48 million by 12.37 percent. This is a 47.68 percent decrease over sales of $17.55 million the same period last year.