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 [...]
PHX Minerals Inc. today announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments . The transaction will be funded with a combination of cash on hand and borrowings under our existing credit facility. The [...]
OKLAHOMA CITY, March 17, 2022 /PRNewswire/ -- PHX Minerals Inc., the "Company" or "PHX" , today announced that Steve Packebush was appointed to the Company's Board of Directors effective April 1, 2022. Mr. Packebush's appointment fills the vacancy created by the retirement of Christopher T. Fraser, which was effective March 2, 2022. "Our Board and management team are delighted that Mr. Packebush has agreed to join our [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the first quarter ended Dec. 31, 2021. 31, 2021, AND SUBSEQUENT EVENTS Royalty production volumes for the first fiscal quarter of 2022 increased 23% to 1,225 Mmcfe from 998 Mmcfe in the fourth fiscal quarter of 2021 and total production volumes for the first fiscal quarter of 2022 decreased 4% to 2,128 Mmcfe from 2,212 Mmcfe in [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2022 first quarter ended Dec. 31, 2021, on Monday, Feb. 14, 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 Feb. 15, 2022. Management's discussion will be followed by a question and answer session with investors. To [...]