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PHX Minerals (PHX)

Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, Texas, North Dakota, New Mexico and Arkansas.

PHX stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
19 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
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Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
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Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 3.0475 6,030 18.38K 5,152,160
2 Aug 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 3.0404 10,705 32.55K 5,146,130
1 Aug 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 3.05 2,300 7.02K 5,135,425
6 Jul 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 2.6574 10,000 26.57K 5,133,125
5 Jul 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 2.6694 1,054 2.81K 5,123,125
29 Jun 22 D'Amico Raphael PHX Common Buy Acquire P No No 3.024 3,500 10.58K 366,075
29 Jun 22 Chad L Stephens PHX Common Buy Acquire P No No 3.073 30,000 92.19K 806,618
23 Jun 22 Edenbrook Capital Class A Common Stock Buy Acquire P Yes No 3.0651 12,500 38.31K 5,122,071
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Management Discussion
  • Revenues decreased in 2021 primarily due to an increase in losses on derivative contracts, partially offset by higher natural gas, oil and NGL sales. We recorded a net loss of $6,217,237, or $0.24 per share, in 2021, compared to net loss of $23,952,037, or $1.41 per share, in 2020. Expenses decreased in 2021, primarily the result of decreases in provision for impairment (non-cash), DD&A, LOE and interest expense, partially offset by an increase in transportation, gathering and marketing expenses, production taxes and loss on debt extinguishment.
  • The increase was due to increased natural gas, oil and NGL prices of 82%, 36% and 108%, respectively, combined with higher natural gas and NGL volumes of 12% and 2%, respectively, partially offset by lower oil volumes of 17%.
  • The increase in natural gas production was primarily due to acquisitions in the Haynesville Shale play of Texas and Louisiana, and slightly offset by naturally declining production in the SCOOP and Arkoma STACK. The decrease in oil production was a result of naturally declining production in high interest wells in the Eagle Ford and Bakken plays, our strategy of no longer participating with working interest in new drilling in the Eagle Ford, and reduced drilling activity in the Bakken.  These decreases were slightly offset by acquisitions and new drilling in the STACK. The increase in NGL production is primarily attributable to high interest wells coming back online after being shut-in for part of fiscal year 2020, as well as new wells being brought online in the STACK. This was slightly offset by naturally declining production in the SCOOP.

Content analysis

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New words: Fort, furniture, geology, opportunistic, shut, slightly, SOFR, strike, Worth
Removed: beneficial, contracted, LIBOR, relation