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 +2.88% change in stock price 10 days leading up to the earnings, and a +4.17% change 10 days following the report. On the earnings day itself, the stock moves by -0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
PHX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.05M
-15.46%
-19.20%
Gross Margin
61.49%
-12.57%
-9.93%
Operating Margin
14.33%
-57.91%
-43.47%
Net Margin
13.67%
-31.34%
5.07%
EPS
0.03
-40.00%
-25.00%
No Data Available
PHX Earnings Analysis
PHX Minerals Inc. Corporation (PHX.N) Earnings Conference Call
Positive
Record Royalty Volumes: 1. Record Royalty Volumes: The current quarter’s royalty volumes represent the second highest in the history of PHX, with a total of 2,098 Mcfe despite a challenging natural gas macro environment.
Well Activity Surge: 2. Increased Well Activity: Over the past year, the number of gross wells in the SpringBoard III area of Oklahoma has doubled from 20 to around 40, indicating a significant increase in drilling activity.
Debt Reduction Achievement: 3. Debt Reduction: PHX reduced its debt by $5 million or approximately 15% year-to-date, demonstrating a commitment to financial strength and stability.
Quarterly Dividend Approval: 4. Quarterly Dividend: The Board approved a quarterly dividend of $0.04 per share, reflecting confidence in the company’s ability to grow its asset base and return capital to shareholders.
Well Location Inventory: 5. Strong Well Inventory: PHX maintains an inventory of approximately 2,000 gross undeveloped well locations, ensuring a steady pipeline for future production growth.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Natural gas, oil, and NGL sales revenues decreased 20% to $7.9 million compared to the prior sequential quarter due primarily to a decrease in production volumes.
Production Volume Decline: 2. Decreased Production Volumes: Total corporate production decreased 20% from the quarter ended June 30, 2024, to 2,379 Mcfe, with royalty production down 23% to 2,098 Mcfe compared to the prior sequential quarter.
Declining Commodity Prices: 3. Lower Realized Prices: Realized natural gas prices for Q3 2024 averaged $2 per Mcf, down from $2.05 in Q2 2024, while realized oil prices averaged $74.83, down 3% from Q2 2024, and NGL prices averaged $19.60 a barrel, down 18% from Q2 2024.
Decline in Adjusted EBITDA: 4. Reduced Adjusted EBITDA: Adjusted EBITDA was down to $4.9 million in Q3 2024 compared to $6.4 million in Q2 2024, primarily due to lower production volumes.
Net Income Decrease: 5. Net Income Decline: Net income for the quarter was $1.1 million or $0.03 per share, compared to $1.3 million or $0.04 per share in the prior sequential quarter.
PHX FAQs
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PHX Earning Call Sentiment
PHX Minerals Inc. (PHX) Q3 2024 Earnings Call Transcript
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PHX.N
0%Positive
The earnings call summary presents mixed signals. Basic financial performance is weak due to a 20% drop in revenues and lower realized prices, but the company shows strong potential with increased dividends, debt reduction, and a positive outlook on future production growth. The Q&A section reveals management's cautious stance on production forecasts and market conditions, leading to uncertainty. Overall, the optimistic guidance on production growth and dividend increase balances the negative financial performance, resulting in a neutral sentiment. The stock is expected to remain stable over the next two weeks.