---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055787"
form_type: "8-K"
ticker: null
cik: "0000315131"
company_name: "PHX MINERALS INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:17:55.585138+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-055787
- form_type: 8-K
- cik: 0000315131
- company_name: PHX MINERALS INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315131/000095017024055787/0000950170-24-055787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315131/000095017024055787/phx-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055787
- JSON: https://secwatch.observer/filing/0000950170-24-055787.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055787.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/315131/000095017024055787/0000950170-24-055787-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.