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Phx Minerals Inc (PHX)
:PHX
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 11, 2018
|% Change Since: 17.05%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with strong operational and financial management leading to increased royalty volumes and reduced debt. However, significant challenges were noted in the natural gas market, impacting production and revenue. The company's strategic focus on asset quality and financial stability provides a balanced outlook.Company Guidance
During PHX Minerals' Q3 2024 earnings call, the company provided detailed guidance and metrics highlighting their operational and financial performance amid challenging market conditions. Despite a 20% sequential decrease in total corporate production to 2,379 Mcfe, PHX achieved its second highest quarterly royalty production at 2,098 Mcfe. The company remains optimistic about natural gas prices, anticipating an increase in demand by around 20 Bcf per day over the next five years, driven by LNG exports and power needs. PHX reported $7.9 million in sales revenues, a 20% decline from the previous quarter, largely due to a dip in production volumes and realized natural gas prices averaging $2 per Mcf. The company successfully reduced its debt by $5 million year-to-date and reaffirmed its $50 million borrowing base. PHX continues to focus on disciplined mineral acquisitions, with $3 million deployed during the quarter, and maintains a strong inventory of 278 gross wells in progress. Additionally, PHX highlighted a 33% increase in its annual dividend, reflecting confidence in future growth and a robust financial position.Second Highest Royalty Volumes in Company History
Despite challenges in the natural gas market, PHX reported its second highest quarterly royalty production record, reflecting strong asset quality and operational performance.
Debt Reduction and Financial Stability
PHX reduced its debt by $5 million year-to-date, equating to a 15% reduction, and reaffirmed its $50 million borrowing base, highlighting strong financial management.
Dividend Increase
The Board approved a quarterly dividend of $0.04 per share, reflecting a 33% annual increase, indicating confidence in the company’s growth and financial health.
Growing Drilling Activity in SpringBoard III
There has been a significant increase in drilling activity in SpringBoard III, with gross wells in progress doubling from the previous year, signaling potential for future production growth.
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PHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.46 | $3.46 | 0.00% |
| Aug 07, 2024 | $3.18 | $3.29 | +3.46% |
| May 08, 2024 | $3.32 | $3.20 | -3.61% |
| Mar 12, 2024 | $2.91 | $2.91 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Phx Minerals Inc (PHX) report earnings?
Phx Minerals Inc (PHX) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Phx Minerals Inc (PHX) earnings time?
Phx Minerals Inc (PHX) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHX EPS forecast?
PHX EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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