Overview
PHX Minerals (PHX), formerly Panhandle Oil & Gas, takes pride in owning non-operated oil and natural gas properties in unconventional plays in Arkansas, Oklahoma, North Dakota, New Mexico, and Texas. Assets include mineral acreage, leasehold acreage, and working or royalty interests in producing wells. The company does not operate on its own properties, and engages business partners, mostly well operators, in drilling and production, transportation
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Read More of oil, and transportation and sales of natural gas. It has proven reserves of over 1.3 million barrels of oil, more than 1.2 million barrels of NGL, and about 42.4 million Mcf of natural gas.
Read Less
Read More of oil, and transportation and sales of natural gas. It has proven reserves of over 1.3 million barrels of oil, more than 1.2 million barrels of NGL, and about 42.4 million Mcf of natural gas.
Read Less
Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Drilling oil and gas wells
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Modelled
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Actual
$34.57 million
Actual
-8.86%
-83.32%
$163
DEC
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NYSE:PHX
Contacts
Get in Touch with 5 Principals* and 19 Contacts
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Chad L StephensPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$34.57 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $18 | $24 | $38 |
| Net Investing Cash | -$7 | -$20 | -$31 |
| Net Financing Cash | -$9 | -$5 | -$6 |
| Net Change in Cash | $1 | -$1 | $1 |
| Cash at Beginning of Period | $1 | $2 | $2 |
| Cash at End of Period | $2 | $1 | $3 |
| Capital Expenditure | -$8 | -$30 | -$44 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2 | $1 | $3 |
| Accounts Receivable | $6 | $5 | $13 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1 | $4 | $1 |
| Asset Summary | |||
| Total Current Assets | $10 | $10 | $18 |
| Tangible Fixed Assets | $154 | $156 | $134 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $164 | $167 | $153 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1 | $1 | $1 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $2 | $1 | $11 |
| Liability Summary | |||
| Total Current Liabilities | $3 | $2 | $11 |
| Long-Term Debt | $30 | $33 | $28 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $42 | $43 | $45 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | $77 | $80 | $67 |
| Equity Summary | |||
| Total Equity | $122 | $123 | $108 |
| Shares Outstanding | 36,516,902 | 35,990,246 | 35,776,752 |