PHX Minerals Q2 FY2024 net loss $0.2M; revenue falls 51% YoY on weak gas prices

PHX MINERALS INC.

2024-Q1 EPS reported -$0.01 revenue$7,869,418

Net loss of $0.2M ($0.01 diluted) vs net income of $2.5M prior quarter and $9.6M year-ago.
Total revenue $7.9M, down 51% YoY; natural gas price down 41% and volumes down 13%.
Adjusted EBITDA $4.6M (flat sequentially); debt reduced $2.0M to $30.75M.
Converted 85 gross (0.32 net) wells to production, highest since Q1 2023; 230 gross wells in progress.
Credit facility amended: maturity extended to Sept 2028, borrowing base reaffirmed at $50M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PHX MINERALS INC. reported the quarter ended March 31, 2024 results: revenue $ 7,869,418, net income ($0.2) million, EPS ($0.01) per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $ 7,869,418
Net income: ($0.2) million
EPS: ($0.01) per diluted share
Result: reported results

Exact text from the filing

Gas, Oil and NGL Sales $ 7,090,208 $ 11,857,247 Gains (Losses) on Derivative Contracts $ 627,492 $ 3,802,820 Lease Bonuses and Rental Income $ 151,718 $ 313,150 Total Revenue $ 7,869,418 $ 15,973,217 Lease Operating Expense per Working Interest Mcfe $ 1.28 $ 1.48 Transportation, Gathering and Marketing per Mcfe $ 0.40 $ 0.45 Production and Ad Valorem Tax per Mcfe

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0000950170-24-055787

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.