Phx Minerals Inc ( (PHX) ) has released its Q1 earnings. Here is a breakdown of the information Phx Minerals Inc presented to its investors.
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PHX Minerals Inc., a company engaged in the exploration and production of natural gas, oil, and natural gas liquids, operates primarily in the energy sector with a focus on acquiring and managing mineral and royalty interests.
In its latest quarterly earnings report, PHX Minerals Inc. announced a significant turnaround with a net income of $4.38 million for the quarter ending March 31, 2025, compared to a net loss of $183,615 in the same period last year. This improvement was driven by increased revenues from natural gas, oil, and NGL sales, alongside strategic asset divestitures.
Key financial highlights include a 47% increase in natural gas, oil, and NGL sales, totaling $10.43 million, and a substantial gain of $6.7 million from property divestitures. The company also reduced its long-term debt by $9.75 million, strengthening its balance sheet. However, the company faced losses on derivative contracts amounting to $3.16 million, reflecting the volatility in energy prices.
Looking ahead, PHX Minerals Inc. remains focused on optimizing its asset portfolio and maintaining financial discipline. The company’s management is cautiously optimistic about future growth, supported by a robust cash position and strategic investments in mineral and royalty interests.