TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
PHX Minerals ( (PHX) ) just unveiled an announcement.
PHX Minerals reported its financial results for the quarter and year ended December 31, 2024, showing a net income of $0.1 million for the fourth quarter and $2.3 million for the year. The company achieved its highest total corporate production volumes since 2019, with royalty production volumes increasing by 8% year-over-year. PHX also reduced its total debt by $3.25 million over the year and announced a $0.04 per share quarterly dividend. Additionally, the company closed the sale of 165,326 net mineral acres for $8.0 million, which were considered non-core assets with no near-term development potential.
More about PHX Minerals
PHX Minerals Inc. operates in the oil and gas industry, focusing on the acquisition, development, and management of mineral and royalty interests across the United States. The company is primarily involved in the production and sale of natural gas, oil, and natural gas liquids.
YTD Price Performance: -5.04%
Average Trading Volume: 89,119
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $141.3M
See more insights into PHX stock on TipRanks’ Stock Analysis page.