PHX Minerals Inc.

PHX Minerals Inc.

PHX
PHX Minerals Inc.US flagNew York Stock Exchange
4.35
USD
- -
- -
164.96MMarket Cap
PHX Minerals Inc.
PHX
(New York Stock Exchange)

Recent

price

4.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
2.24
2.68
2.61
2.87
3.68
4.98
3.37
2.32
2.67
2.95
2.47
1.41
1.47
2.04
1.05
- -
1.04
Revenue per Share
-0.14
0.68
0.51
0.44
0.84
1.49
0.56
-0.61
0.21
0.86
-2.46
-1.41
-0.24
0.59
0.39
- -
0.19
Basic EPS, GAAP
2.25
1.65
1.47
1.35
2.19
3.14
2.84
1.34
1.23
0.92
0.93
0.05
-0.64
-0.17
-0.15
- -
0.28
Free Cash Flow per Basic Share
0.14
0.14
0.14
0.14
0.14
0.16
0.16
0.16
0.16
0.16
0.16
0.1
0.04
0.07
0.1
- -
0.15
Dividend per Share
3.85
4.38
4.76
5.08
5.78
7.12
7.5
6.7
6.72
7.41
4.95
3.33
1.91
1.97
2.24
- -
2.21
Book Value per Share
3.82
4.37
4.69
5.01
5.72
7.13
7.57
6.84
6.91
7.6
4.78
3.7
3.04
3.13
3.42
- -
3.44
Tangible Book Value per Share
17
17
17
17
17
17
17
17
17
17
17
17
26
34
36
- -
36
Basic Weighted Avg Shares
38
45
44
48
62
83
57
39
45
50
41
24
38
70
38
34
38
Sales/Revenue/Turnover
-13.38
22.52
27.82
22.83
31.02
44.73
10.98
-18.24
11.12
17.37
-0.48
-24.75
26.94
54.57
26.36
16.19
22.11
Operating Margin (%)
31
19
15
19
22
22
24
24
18
18
18
11
8
7
9
10
10
Depreciation Expense
-2
11
8
7
14
25
9
-10
4
15
-41
-24
-6
20
14
2
7
Net Income, GAAP
- -
30.03
27.31
30.76
32.53
32.1
34.16
- -
16.32
- -
- -
- -
- -
17.07
25.38
26.27
23.21
Effective Tax Rate (%)
-6.39
25.27
19.38
15.37
22.68
30.02
16.49
-26.28
7.83
29.29
-99.48
-99.55
-16.29
29.02
37.02
6.77
18.23
Profit Margin (%)
3
10
7
4
8
10
9
2
6
3
11
13
-3
7
8
6
4
Working Capital
10
- -
- -
15
8
78
65
44
52
51
35
28
18
29
33
30
20
LT Debt
64
74
79
84
96
119
127
115
117
129
79
63
79
108
123
122
126
Total Equity
- -
9.59
11.6
8.54
12.66
16.69
2.09
- -
2.55
- -
- -
- -
- -
27.06
5.02
2.65
4.27
Return on Invested Capital (%)
- -
15.35
11.06
8.3
13.74
16.77
5.33
- -
2.85
- -
- -
- -
- -
25.89
14.83
3.79
8.17
Return on Capital (%)
-3.59
16.5
11.06
8.94
15.38
23.18
7.62
-8.63
3.12
12.24
-39.24
-34.53
-11.72
34.82
18.77
2.93
8.62
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
28
30
20
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
37
37
Market Capitalization
121
145
144

Working Capital

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
8
10
10
Cash, Cash Equivalents & STI
3
2
3
Accounts Receivable, Net
4
6
7
Inventories
- -
- -
- -
Total Current Liabilities
3
3
6
Payables & Accruals
2
2
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.51%
10.92%
-1.04%
Free Cash Flow
-268.66%
-517.99%
-284.76%
Net Income, GAAP
-113%
-131.73%
-83.32%
Sales/Revenue/Turnover
-0.87%
9.25%
-8.86%
Total Cash Common Dividend
14.38%
28.67%
48.55%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
9
12
7
10
38
2024
7
10
8
9
34
2025
11
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.27
- -
0.05
0.39
2024
-0.01
0.04
0.03
- -
- -
2025
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.02
0.02
0.02
0.1
2024
0.03
0.03
0.04
0.04
- -
2025
0.04
- -
- -
- -
- -
Business
PHX Minerals Inc operates as a natural gas and oil mineral company primarily focused on perpetual ownership of mineral rights and interests in resource plays within the United States. The company owns, manages, and sells natural gas, crude oil, and natural gas liquids derived from mineral acreage primarily located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. Its portfolio includes approximately 240,651 net mineral acres, 13,293 net leased acres, and interests in over 6,700 producing wells and additional wells in development. PHX Minerals sells its energy products mainly to pipeline and marketing companies. Founded in 1926 and headquartered in Fort Worth, Texas, PHX Minerals shifted its business model away from drilling operations toward owning and expanding perpetual mineral rights and royalty interests. The company completed a significant strategic milestone in June 2025 when it was acquired by WhiteHawk Income Corporation in an all-cash transaction valued at approximately $187 million. This acquisition expanded WhiteHawk’s footprint in premier natural gas mineral and royalty assets, particularly in the Haynesville Shale and the SCOOP/STACK regions. Following the acquisition, WhiteHawk integrated PHX’s mineral interests, which include over 1.8 million gross unit acres with production from thousands of wells, significantly expanding its asset base in major U.S. natural gas basins. Prior to acquisition, PHX had demonstrated strong operational performance with increased royalty production volumes driven by new wells coming online in key plays such as Haynesville and SCOOP, reduced debt, steady cash flow generation, and dividend payments to shareholders. The company continues to focus on mineral asset acquisitions and conversion of undeveloped reserves to producing status to maximize shareholder value. PHX Minerals’ business segments include mineral ownership, leasehold management, royalty interests, and the marketing of natural gas, oil, and natural gas liquids from its core resource plays in the U.S. Its target markets include energy companies, pipeline operators, and commodities marketers. The company operates with a lean workforce tailored to the management and acquisition of mineral interests, reflecting a strategic emphasis on asset ownership rather than direct exploration or production. PHX Minerals’ operational footprint and assets are predominantly in key U.S. oil and gas basins, positioning it as a specialized mineral holding and royalty company within the oil and gas industry. Overall, PHX Minerals Inc represents a focused natural gas and oil mineral asset company with an established legacy since 1926, headquartered in Fort Worth, Texas, that recently transitioned ownership to WhiteHawk to further scale its portfolio of mineral assets and royalty interests across major U.S. basins in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. This positions it as a significant player in the oil and gas mineral rights market, emphasizing cash flow generation from royalties and strategic mineral acquisitions. This description covers PHX Minerals’ main product offerings including minerals, royalties, natural gas, crude oil, and NGLs; its operational focus and strategic shift; recent acquisition by WhiteHawk in 2025; and its geographic, business, and industry context. All information reflects the latest publicly available data as of late 2025.

Company News

APIChatGPT
  • PHX Energy Services Corp. Announces Quarterly Dividend

  • PHX Energy Announces Increase to its 2026 Capital Expenditure Program

  • PHX Energy Announces Annual Meeting Voting Results for Election of Directors

  • PHX Energy Announces Strong First Quarter Results with Continued Growth in its North American RSS Activity

  • PHX Energy Services (TSE:PHX) Insider Jeffery John Shafer Sells 20,000 Shares

  • PHX Energy Services Corp. Announces Quarterly Dividend

  • PHX Energy Announces a Special Dividend and Record Fourth Quarter and Annual Revenue Supported by Strong RSS Activity

  • PHX Energy Services (TSE:PHX) Stock Passes Above 200 Day Moving Average – Here’s Why

  • PHX Energy Services (TSE:PHX) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

  • PHX Energy Services: Strong Cash Flows Fully Cover Generous Dividends

  • PHX Energy Announces Third Quarter Results & 2026 Capital Expenditure Budget

  • PHX Energy Receives TSX Approval for Renewal of Normal Course Issuer Bid

  • PHX Energy Announces Second Quarter Results and Record Second Quarter Revenue

  • PHX Energy Services: Raking In Dividends While Waiting For Share Price Appreciation

  • WhiteHawk Completes Acquisition of PHX

  • WhiteHawk Completes Tender Offer for Acquisition of PHX

  • PHX Energy Services Corp. Announces Quarterly Dividend

  • PHX MINERALS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PHX Minerals Inc. - PHX

  • John M. Hooks Decreases Ownership of PHX Energy Services Corp. Below 10%

  • PHX MINERALS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PHX Minerals Inc. - PHX