PHX Minerals (PHX) AI Stock Analysis

• Market Cap: $164.96M
• Dividend Yield: 3.68%
• Average Volume (3M): 738.88K
• Price to Earnings (P/E): 23.7
• Beta (1Y): 0.15
• Revenue Growth: 11.84%
• EPS Growth: 61.88%
• Country: US
• Employees: 18
• Sector: Energy
• Sector Strength: 44
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.22
• Shares Outstanding: 16,388,725
• 10 Day Avg. Volume: 338,024
• 30 Day Avg. Volume: 738,882
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 4.57
• Enterprise Value/Gross Profit: 8.33
• Enterprise Value/Ebitda: 8.39
• 1Y Price Target: $4.35
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 65 Neutral
• Price Target: $4.50 ▲(3.45% Upside)

PHX Minerals' financial performance reveals stability in its balance sheet, but its valuation and recent corporate events introduce significant risks. While technical analysis indicates positive momentum, overvaluation concerns and the potential negative impact of corporate restructuring weigh heavily on the stock's outlook.

PHX Minerals Business Overview & Revenue Model

Company Description

PHX Minerals Inc. (PHX) is an oil and natural gas mineral company focused on the acquisition, management, and development of oil and natural gas properties. Based in the United States, PHX Minerals operates primarily in the Mid-Continent region, including Oklahoma, Texas, North Dakota, and Arkansas. The company primarily generates its revenues through the ownership and management of mineral rights, which enable it to collect royalties from oil and gas production on its properties.

How the Company Makes Money

PHX Minerals makes money primarily through the collection of royalties from oil and natural gas production on its properties. The company owns mineral rights, which grant it the entitlement to a portion of the production revenues generated by operators who extract oil and gas from its properties. PHX Minerals' revenue model is largely dependent on the volume of production and the prevailing market prices for oil and natural gas. Additionally, PHX may engage in strategic acquisitions of additional mineral rights to expand its portfolio and revenue potential. The company's earnings can be influenced by factors such as commodity price fluctuations, production levels, and the operational efficiency of the operators working on its properties.

PHX Minerals Financial Statement Overview

Summary

PHX Minerals exhibits strong balance sheet metrics with stable equity and prudent leverage management. Despite improved operational efficiency, challenges in maintaining consistent revenue growth and profitability, along with high capital expenditures, pose risks.

Income Statement

PHX Minerals shows a fluctuating revenue trend with recent declines but has improved its gross and EBIT margins over the years. The gross profit margin stands at 50.3% for the latest period, reflecting decent operational efficiency. However, a significant drop in net income in the latest year reduces the net profit margin to 6.8%, indicating challenges in maintaining profitability.

Balance Sheet

The balance sheet reveals a stable equity base with an equity ratio of 74.4%, demonstrating strong financial health. The debt-to-equity ratio is moderate at 0.25, suggesting prudent leverage management. Despite these strengths, the company's asset growth has been modest, which may limit future expansion capabilities.

Cash Flow

Cash flow analysis shows improved free cash flow to $10.2 million, a positive sign compared to past deficits. The operating cash flow to net income ratio is robust at 7.8, indicating efficient cash generation. However, the negative trend in free cash flow growth due to high capital expenditures remains a concern for sustaining cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	38.46M	34.27M	35.72M	53.50M	21.97M	24.97M
Gross Profit	21.10M	17.22M	30.45M	33.05M	2.29M	2.98M
EBITDA	20.95M	15.32M	25.34M	28.83M	1.83M	6.27M
Net Income	6.89M	2.32M	13.92M	20.41M	-6.22M	-23.95M
Balance Sheet
Total Assets	161.09M	163.92M	166.51M	152.50M	117.01M	100.02M
Cash, Cash Equivalents and Short-Term Investments	2.54M	2.24M	806.25K	3.40M	2.44M	10.69M
Total Debt	20.39M	30.20M	33.45M	29.50M	18.42M	29.80M
Total Liabilities	35.54M	41.97M	43.28M	44.72M	38.30M	37.03M
Stockholders Equity	125.55M	121.95M	123.23M	107.78M	78.71M	62.99M
Cash Flow
Free Cash Flow	10.00M	10.19M	-5.89M	-6.55M	-17.42M	414.91K
Operating Cash Flow	17.11M	18.08M	24.17M	37.53M	3.94M	11.11M
Investing Cash Flow	1.22M	-7.36M	-20.45M	-30.86M	-20.37M	-6.46M
Financing Cash Flow	-17.42M	-9.28M	-5.03M	-5.71M	8.17M	-114.07K

PHX Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 4.35 is above the 20-day moving average (MA) of 4.33, above the 50-day MA of 4.15, and above the 200-day MA of 3.80, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 66.66 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PHX.

PHX Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPSN	68 Neutral	$140.03M	31.70	5.18%	4.57%	45.90%	-2.29%
REI	68 Neutral	$190.37M	2.69	8.08%	―	-13.66%	-4.85%
PHX	65 Neutral	$164.96M	23.68	5.55%	3.68%	11.84%	61.88%
EPM	57 Neutral	$172.91M	89.30	-1.24%	9.47%	3.79%	-131.01%
Sector *	56 Neutral	C$4.17B	2.03	16.25%	5.63%	10.63%	-51.09%
WTI	54 Neutral	$259.59M	―	203.83%	2.29%	-11.53%	-342.58%
GTE	43 Neutral	$126.34M	21.67	-16.06%	―	-5.53%	-216.84%

PHX Minerals Corporate Events

PHX Minerals Completes Merger and Corporate Restructuring

On June 23, 2025, PHX Minerals completed a merger, becoming a guarantor of indebtedness under an amended note purchase agreement, secured by nearly all its assets, and terminated its previous credit agreement. The merger resulted in PHX becoming a wholly owned subsidiary, leading to significant corporate restructuring, including the termination of top executives and board members, suspension of trading on the NYSE, and a delisting of shares, with an overall transaction value of approximately $187 million.

The most recent analyst rating on (PHX) stock is a Hold with a $4.35 price target. To see the full list of analyst forecasts on PHX Minerals stock, see the PHX Stock Forecast page.

PHX Minerals Announces Merger with WhiteHawk Acquisition

On May 8, 2025, PHX Minerals Inc. announced a merger agreement with WhiteHawk Acquisition, Inc., where WhiteHawk will acquire all outstanding shares of PHX at $4.35 per share in an all-cash transaction valued at approximately $187 million. The merger, approved by PHX’s Board of Directors, is expected to enhance the company’s financial position and operations, with implications for stakeholders including a change in executive leadership and potential impacts on shareholder value. Additionally, PHX reported strong financial results for the quarter ended March 31, 2025, with a significant increase in net income and adjusted EBITDA, alongside a reduction in debt, reflecting a robust start to the year driven by favorable market conditions and strategic divestitures.

The most recent analyst rating on (PHX) stock is a Buy with a $4.30 price target. To see the full list of analyst forecasts on PHX Minerals stock, see the PHX Stock Forecast page.