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PHX Minerals (PHX)
NYSE:PHX
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PHX Minerals
(NYSE:PHX)
69Neutral
PHX Minerals (PHX) vs. S&P 500 (SPY)
Market Cap
$148.28M
Dividend Yield3.84%
Average Volume (3M)65.46K
Price to Earnings (P/E)61.3
Beta (1Y)0.30
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees18
SectorEnergy
Sector Strength46
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
Shares Outstanding37,922,367
10 Day Avg. Volume64,932
30 Day Avg. Volume65,458
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.19
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit5.77
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.00Price Target Upside27.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
PHX Minerals Business Overview & Revenue Model
Company DescriptionPHX Minerals (PHX) is an oil and natural gas mineral company based in the United States. It primarily engages in the acquisition, management, and development of oil and natural gas mineral rights. PHX Minerals focuses on optimizing the value of its assets through strategic partnerships and disciplined capital allocation to maximize shareholder returns.
How the Company Makes MoneyPHX Minerals makes money by acquiring and managing mineral rights, which allow the company to receive royalty payments from oil and natural gas production on its properties. The company partners with exploration and production companies that operate the drilling and extraction activities. PHX earns a percentage of the revenue generated from the sale of these natural resources as royalty payments. Additionally, the company may generate income through the sale or lease of its mineral rights, providing another stream of revenue. Strategic partnerships with operators are crucial to PHX Minerals' business model, as they enable the company to leverage the expertise and resources of larger operators to optimize production and generate consistent cash flow.
PHX Minerals Financial Statement Overview
Summary
PHX Minerals demonstrates stability in its balance sheet with low leverage and strong equity. However, declining revenues and profitability margins pose concerns for long-term growth. Cash flow improvement is promising, though primarily due to cost management rather than revenue growth. The company should focus on enhancing operational efficiency and revenue generation to sustain financial health.Income Statement
PHX Minerals shows a declining revenue trend with a TTM revenue of $34.67M, down from $35.72M in 2023 and $53.50M in 2022. The gross profit margin is solid at 59.3% for TTM, but net profit margin has dropped significantly to 13.6% from 39.0% in 2023, indicating increased expenses or decreased efficiency. The EBIT margin is 38.0%, showing effective cost management despite lower revenues.65
Positive
Balance Sheet
PHX Minerals maintains a stable balance sheet with a debt-to-equity ratio of 0.23, reflecting moderate leverage. The equity ratio stands at 75.9%, indicating strong capitalization. Return on equity is relatively low at 3.8% in the TTM, suggesting limited profitability for shareholders despite a robust equity base.70
Positive
Cash Flow
The company exhibits a positive free cash flow of $8.88M in TTM, recovering from negative free cash flow in 2023. Operating cash flow to net income ratio is healthy at 3.93, indicating strong cash conversion from earnings. However, free cash flow growth is driven by reduced capital expenditures rather than increased operational performance.72
Positive
| Breakdown | ||||
| Dec 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 35.72M | 53.50M | 21.97M | 24.97M | 47.06M | Gross Profit |
| 30.45M | 33.05M | 2.29M | 2.98M | 14.47M | EBIT |
| 16.73M | 21.55M | -5.92M | -5.05M | 5.91M | EBITDA |
| 25.34M | 28.83M | 1.83M | 6.27M | 24.11M | Net Income Common Stockholders |
| 13.92M | 20.41M | -6.22M | -23.95M | -40.74M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 806.25K | 3.40M | 2.44M | 10.69M | 6.16M | Total Assets |
| 166.51M | 152.50M | 117.01M | 100.02M | 126.64M | Total Debt |
| 33.45M | 29.50M | 18.42M | 29.80M | 35.42M | Net Debt |
| 32.64M | 26.10M | 15.98M | 19.11M | 29.26M | Total Liabilities |
| 43.28M | 44.72M | 38.30M | 37.03M | 47.34M | Stockholders Equity |
| 123.23M | 107.78M | 78.71M | 62.99M | 79.31M |
| Cash Flow | Free Cash Flow | |||
| -5.89M | -6.55M | -17.42M | 414.91K | 11.82M | Operating Cash Flow |
| 24.17M | 37.53M | 3.94M | 11.11M | 21.01M | Investing Cash Flow |
| -20.45M | -30.86M | -20.37M | -6.46M | 10.33M | Financing Cash Flow |
| -5.03M | -5.71M | 8.17M | -114.07K | -25.70M |
PHX Minerals Technical Analysis
Positive
3.91
Price Trends
3.86
Positive
3.89
Positive
3.64
Positive
Market Momentum
0.02
Negative
53.18
Neutral
49.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PHX, the sentiment is Positive. The current price of 3.91 is above the 20-day moving average (MA) of 3.75, above the 50-day MA of 3.86, and above the 200-day MA of 3.64, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.18 is Neutral, neither overbought nor oversold. The STOCH value of 49.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PHX.
PHX Minerals Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $30.95B | 68.27 | 41.73% | 0.41% | 11.75% | 12.18% | |
77 Outperform | $8.23B | 9.83 | 26.55% | 5.92% | 19.03% | 36.16% | |
70 Outperform | $3.07B | 12.67 | 23.12% | 10.32% | -12.71% | -39.85% | |
69 Neutral | $148.28M | 61.29 | 1.89% | 3.84% | ― | ― | |
67 Neutral | $1.41B | 13.98 | 32.48% | 10.79% | -1.39% | -23.38% | |
60 Neutral | $1.51B | 45.09 | 1.48% | 13.80% | 13.72% | -110.82% | |
56 Neutral | $7.00B | 3.42 | -4.37% | 5.89% | -0.12% | -48.35% |
* Energy Sector Average
Performance Comparison
PHX
PHX Minerals
3.91
0.66
20.31%
DMLP
Dorchester Minerals
29.82
1.46
5.15%
TPL
Texas Pacific Land
1,346.39
785.75
140.15%
VNOM
Viper Energy
42.08
6.68
18.87%
BSM
Black Stone Minerals
14.54
-0.60
-3.96%
KRP
Kimbell Royalty Partners
12.46
-2.15
-14.72%
PHX Minerals Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q4-2024)
| % Change Since: 0.51%|
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a resilient performance by PHX Minerals Inc. amidst challenging industry conditions. While production volumes and dividends increased, the company faced challenges such as decreased reserves and lower realized prices. Debt reduction and ongoing strategic evaluations indicate a positive outlook, but financial pressures remain evident.Q4-2024 Updates
Positive Updates
Increase in Production Volumes
Total production volumes increased by approximately 5% year over year, with royalty volume up 8% for the year.
Dividend Increase
The dividend increased by 33% as announced in the third quarter of 2024, reflecting confidence in asset quality and future growth potential.
Debt Reduction
Debt was reduced to $19.8 million from $29.5 million through proceeds from the sale of non-producing minerals, improving the financial leverage to under 1.0 times adjusted EBITDA.
Resilient Financial Performance
Despite challenging conditions, PHX Minerals Inc. demonstrated resilience with adjusted EBITDA for the quarter increasing to $5.4 million, compared to $4.9 million in the prior quarter.
Strategic Alternatives Review
The company is actively evaluating strategic alternatives to unlock shareholder value, indicating potential future growth opportunities.
Negative Updates
Decrease in Proved Reserves
Total proved reserves decreased by 11% to 63.7 BCFE due to a significant year-over-year drop in gas prices.
Lower Realized Prices for Full Year
For the full year 2024, realized prices decreased by 12% compared to 2023, impacting financial performance.
Net Income Decline
Net income for the quarter decreased to $109,000, down from $1.1 million in the prior sequential quarter, affected by a $1.5 million non-cash mark-to-market adjustment.
Company Guidance
During the PHX Minerals Inc. earnings call for the fiscal year ending December 31, 2024, the company reported a 5% increase in total production volumes and an 8% rise in royalty volumes despite challenging natural gas market conditions. EBITDA slightly decreased year-over-year, supported by a traditional hedging program, while natural gas prices were expected to improve with a gas strip well over $4. The total proved reserves decreased by 11% to 63.7 BCFE, with a PV-10 of $79.6 million. The company highlighted a 33% increase in dividends and announced the sale of non-producing minerals for $8 million, which helped reduce debt. Fourth-quarter sales revenues increased by 13% to $8.9 million, while the full year's revenues decreased by 8% to $33.7 million, with natural gas prices averaging $2.19 per Mcf for the year. Adjusted EBITDA for the year was $21.3 million, and net income for the quarter was $109,000. Total debt was reduced to $19.8 million post-quarter, bringing the pro forma leverage to under one time. The company continues to monitor strategic alternatives and plans to update shareholders upon completion of the process.PHX Minerals Corporate Events
M&A TransactionsDividendsBusiness Operations and StrategyFinancial Disclosures
PHX Minerals Reports Q3 Income and Strategic Moves
Positive
Nov 6, 2024
PHX Minerals Inc. reported a net income of $1.1 million for Q3 2024, with adjusted EBITDA at $4.9 million, despite a decrease in royalty production volumes. The company announced a $0.04 per share dividend and reaffirmed its $50 million borrowing base. PHX continues to see M&A opportunities and reduced its debt by $1.0 million, highlighting its resilience and strategic advantages amid volatile commodity prices.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.