secwatch.observer — SEC 8-K summary
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Issuer:     PHX MINERALS INC. (—)
CIK:        0000315131
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055787
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315131/000095017024055787/0000950170-24-055787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315131/000095017024055787/phx-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055787

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