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 [...]
We are pleased to be hosting the Northland Capital Markets Institutional Investor Conference 2023 on Tuesday September 19, 2023, at the Minneapolis Marriott City Center, Downtown Minneapolis. We have over 90 companies to participating. The format will be 10 one-on-one meetings scheduled in 35 minute increments. Registration Link: Northland Institutional Investor Conference 2023 We have a growing list with over 90 [...]
PHX Minerals Inc., "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 or 201-389-0927. A replay of the conference call will be available for 14 days by dialing [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter ended March 31, 2023. Summary of Results for the Quarter Ended March 31, 2023 Net income was $9.6 million, or $0.27 per share, compared to net income of $3.3 million, or $0.09 per share, for the quarter ended Dec. 31, 2022, and net loss of million, or $ per share, for the quarter ended March 31, 2022. Adjusted pretax [...]
PHX Minerals Inc., "PHX," , today announced it will release results for the quarter ended March 31, 2023, following the close of market on Tuesday, May 9, 2023. Management will host a conference call to discuss the results at 11 a.m. EDT on May 10, 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 [...]
PHX Minerals Inc. posted a strategy update on its website, https://phxmin.com/investors/presentations, highlighting the Company's financial performance since adopting its mineral-only strategy in January 2020. The investor presentation illustrates the strategic rationale and financial advantages of the Company's current strategy. About PHX Minerals Inc. PHX Minerals is a natural gas and oil mineral company with a strategy [...]
Beta Shale, LLC , an Oklahoma City based oil and natural gas company who owns 1,000,000 shares of PHX Minerals Inc. , has reached out to the PHX Board of Directors to express Beta's concern with the performance of the Company and its proposed future path under the direction of current management. Beta sent an initial letter on February 3, 2023, which was followed by a meeting between Beta's CEO and the Independent [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the quarter ended Dec. 31, 2022. Summary Of Results For The Quarter Ended Dec. 31, 2022 Net income for the quarter ended Dec. 31, 2022, was $3.3 million, or $0.09 per share, compared to net income of $9.2 million, or $0.26 per share, for the quarter ended Sept. 30, 2022, and net income of $6.7 million, or $0.20 per share, for [...]
PHX Minerals Inc., "PHX," , today announced that it has closed on the two previously announced sales of its legacy non-operated working interest wellbores in the Arkoma Basin and the Eagleford Play to separate buyers for a total of $10.7 million. The Arkoma Basin divestiture represents 151 non-operated legacy working interest wellbores with a purchase price of approximately $5.1 million and removes approximately $0.2 [...]
PHX Minerals Inc., "PHX," , today announced it will release results for the quarter ended Dec. 31, 2022, following the close of market on Wednesday, Feb. 8, 2023. Management will host a conference call to discuss the results at 11 a.m. EST on Feb. 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 [...]