PHX Minerals Inc.: Q4 and Full Year 2024 Financial Results
FORT WORTH, Texas, March 12, 2025 – PHX Minerals Inc. (NYSE: PHX), a leading mineral and mineral mineralroyalty company, recently reported its financial and operating results for the quarter and year ended December 31, 2024. The Company’s focus on delivering consistent revenue growth and maintaining a strong balance sheet continues to drive its success.
Financial Highlights
For the full year 2024, PHX reported total revenues of $118.2 million, a 12% increase compared to the previous year. The Company’s net income was $29.5 million, up from $20.3 million in 2023. Diluted earnings per share were $1.44, a 21% increase year over year. PHX’s strong financial performance was driven by its diverse portfolio of mineral and mineral royalty interests in various basins across the United States.
Operational Highlights
In Q4 2024, PHX generated revenues of $31.3 million, a 4% increase compared to the previous quarter. The Company’s net income for the quarter was $7.1 million, down from $8.1 million in Q3 2024. The decrease in net income was primarily due to lower commodity prices and production volumes during the quarter.
Impact on Individuals
PHX Minerals’ strong financial performance in 2024 could lead to potential increases in dividends and share buybacks, benefiting long-term shareholders. Additionally, the Company’s focus on sustainable growth and responsible resource management aligns with growing investor interest in environmentally responsible businesses, making PHX an attractive investment option for socially conscious investors.
Impact on the World
The mining industry, including mineral royalty companies like PHX Minerals, plays a critical role in the global economy by supplying essential minerals and metals required for various industries, such as technology, energy, and construction. PHX Minerals’ focus on responsible resource management and sustainable growth contributes to the overall sustainability of the mining industry. Moreover, the Company’s financial success could lead to increased investment in exploration and development, contributing to job creation and economic growth in the communities where it operates.
Conclusion
PHX Minerals’ Q4 and full-year 2024 financial results underscore the Company’s commitment to delivering consistent revenue growth and maintaining a strong balance sheet. The Company’s focus on responsible resource management and sustainable growth aligns with growing investor interest in socially responsible businesses, making PHX an attractive investment option for both income-focused and socially conscious investors. Moreover, the mining industry’s role in supplying essential minerals and metals to various industries and its potential to contribute to economic growth and job creation highlights the importance of companies like PHX Minerals adhering to responsible and sustainable business practices.
- PHX Minerals reported total revenues of $118.2 million for full-year 2024, a 12% increase compared to the previous year.
- Net income for the year was $29.5 million, up from $20.3 million in 2023.
- Diluted earnings per share were $1.44, a 21% increase year over year.
- In Q4 2024, PHX generated revenues of $31.3 million, a 4% increase compared to the previous quarter.
- The Company’s focus on responsible resource management and sustainable growth aligns with growing investor interest in socially responsible businesses.
- The mining industry’s role in supplying essential minerals and metals and contributing to economic growth highlights the importance of companies adhering to responsible and sustainable practices.
