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PHX Minerals Reports Results for the Quarter Ended March 31, 2025 and Announces Dividend Payment

On May 8, 2025, from Fort Worth, Texas, PHX Minerals Inc. Disclosed its financial and operational performance for the first quarter ending March 31, 2025.
The report followed PHX's recent sale of non-productive mineral assets earlier this year and highlighted improving conditions in the natural gas market that have led to increased activity by operators.
The company posted net income of $4.4 million and an adjusted EBITDA of $6.2 million with total production volumes up 2% year-over-year despite a 9% quarterly decrease in royalty production volumes.
PHX declared a quarterly dividend of four cents per share to be distributed on June 4, 2025, with an ex-dividend date of May 20, 2025, and confirmed that WhiteHawk will purchase PHX in a cash-only deal valued at about $187 million, including net debt.
The financial results and improved market environment support expected higher production and cash flow through 2025 and 2026, alongside a reduced debt balance of $19.8 million and a debt-to-EBITDA ratio below 1x.

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PHX Minerals Reports Results for the Quarter Ended March 31, 2025 and Announces Dividend Payment

FORT WORTH, Texas, May 8, 2025 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE: PHX), today reported financial and operating results for the quarter ended March 31, 2025.

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