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Stock impact report

PHX Minerals Reports Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]

PHX Minerals Inc. (PHX) 
Last phx minerals inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: panhandleoilandgas.com
Company Research Source: Yahoo! Finance
Summary of Results for the Quarter Ended March 31, 2024 Net loss was ($0.2) million , or per diluted share, compared to net income of $2.5 million , or per diluted share, for the quarter ended Dec. 31, 2023 Adjusted EBITDA was $4.6 million , compared to $4.5 million for the quarter ended Dec. 31, 2023 Royalty production volumes decreased 5% to 1,857 Mmcfe compared to the quarter ended Dec. 31, 2023 Total production volumes decreased 6% to 2,117 Mmcfe compared to the quarter ended Dec. 31, 2023 Converted 85 gross (0.32 net) wells to producing status, compared to 46 gross (0.098 net) during the quarter ended Dec. 31, 2023 Inventory of 230 gross (1.099 net) wells in progress and permits as of March 31, 2024 , compared to 263 gross (1.295 net) wells in progress and permits as of Dec. 31, 2023 Total debt was $30.8 million and the debt to adjusted EBITDA (TTM) ratio was 1.58x at March 31, 2024 Subsequent Events PHX entered into the sixth amendment to its credit agreement Show less Read more
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