PHX Earnings Prediction
The chart below shows how PHX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PHX sees a +3.34% change in stock price 10 days leading up to the earnings, and a +2.57% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
PHX Key Earning Data
2024/Q4
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Gross Margin
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Net Margin
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EPS
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PHX Earnings Analysis
PHX Minerals Inc Corporation (PHX.N) Earnings Conference Call
Positive
Production Volume Increase: Despite challenging industry conditions, PHX Minerals Inc. achieved a 5% year-over-year increase in total production volumes and an 8% increase in royalty volume for the year.
Dividend Increase Announcement: The company maintained a strong dividend policy, announcing a 33% increase in dividends in the third quarter of 2024, reflecting confidence in its financial health.
Debt Reduction Strategy: PHX Minerals successfully sold non-producing minerals for $8 million, allowing for debt reduction and strengthening the balance sheet.
Sales Revenue Resilience: The company reported a 13% increase in natural gas, oil, and NGL sales revenues for the fourth quarter, indicating resilience in revenue generation despite market challenges.
Q4 Adjusted EBITDA Increase: Adjusted EBITDA for the fourth quarter increased to $5.4 million, up from $4.9 million in the previous quarter, showcasing operational efficiency.
Inventory Potential for Growth: The company has a robust inventory of over 2,400 undrilled probable locations, which supports future growth and production increases.
Strong Well Conversion Rates: Well conversion rates remained strong, with 71 gross wells converted to production in the fourth quarter, reflecting effective asset management and operational execution.
Negative
Proved Reserves Decline: Total proved reserves decreased 11% to 63.7 BCFE, primarily due to a large year-over-year drop in gas prices.
Royalty Reserves Decline: Improved royalty reserves decreased 9% to 52.5 BCFE, indicating a decline in asset value due to market conditions.
Natural Gas Price Decline: Realized natural gas prices for the full year 2024 averaged $2.19, down from $2.61 in 2023, reflecting a significant price drop.
Declining Oil Prices: Oil prices averaged $74.59 in 2024, down from $76.76 in 2023, indicating a downward trend in oil revenue.
Debt Concerns and Leverage: Total debt as of December 31, 2024, was $29.5 million, which raised concerns about leverage despite subsequent reductions.
Net Income Decline: Net income for the quarter was only $109,000, a significant drop from $1.1 million in the prior sequential quarter, indicating profitability challenges.
Decline in Adjusted EBITDA: Adjusted EBITDA for the full year decreased to $21.3 million from $22.7 million in 2023, showing a decline in operational profitability.
Rising Operational Costs: Cash G&A increased to $2.34 million in the fourth quarter, indicating rising operational costs despite overall cost control efforts.
PHX FAQs
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PHX Earning Call Sentiment
PHX Minerals Inc. (NYSE:PHX) Q4 2024 Earnings Call Transcript
PHX.N
0%Positive
The earnings call reflects concerns with declining financial metrics, unclear management responses, and no guidance provided. Despite debt reduction and dividend increase, lower realized prices, production challenges, and market uncertainties weigh heavily. The refusal to provide guidance, especially with prior consistency, suggests potential negative impacts. The Q&A section highlights management's evasiveness on strategic directions, further contributing to negative sentiment.
