6 Aug 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 81,681 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Aug 2021quarterly activities report▼ Bad
PHX MINERALS INC. reported quarterly revenue of $5.7 million and a net loss of $1.4 million for the period ended 2021-06-30.
5 Aug 2021quarterly activities report▼ Bad
PHX MINERALS INC. reported quarterly revenue of $5.7 million and a net loss of $1.4 million for the period ended 2021-06-30.
16 June 2021securities registration● Neutral
PHX MINERALS INC. filed the final prospectus for a registered offering.
26 May 2021securities registration● Neutral
PHX MINERALS INC. registered a securities offering with the SEC using its shelf eligibility.
13 May 2021securities registration● Neutral
PHX MINERALS INC. filed notice of an exempt private placement.
11 May 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 100,000 shares on the open market.
6 May 2021quarterly activities report▼ Bad
PHX MINERALS INC. reported quarterly revenue of $6.1 million and a net loss of $500 thousand for the period ended 2021-03-31.
6 May 2021quarterly activities report▼ Bad
PHX MINERALS INC. reported quarterly revenue of $6.1 million and a net loss of $500 thousand for the period ended 2021-03-31.
30 Apr 2021asset acquisition disposition▲ GoodMajor
On April 30, 2021 PHX closed the Palmetto/Crestwood SCOOP mineral and royalty purchase first announced April 14, for about $10.94M: about $8.54M cash and 1,200,000 new shares, which are held in escrow for possible indemnity claims and due for release to the sellers about six months after closing. The final deal came in smaller than signed (about 2,514 net royalty acres and 1,889 net mineral acres versus about 2,698 and 2,018, and $10.94M versus $11.947M), and the filing does not explain the difference beyond 'customary adjustments'. The company must register the shares for resale.
26 Apr 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 56,411 shares on the open market.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director Mark T Behrman bought 25,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director Lee M Canaan bought 10,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. VP - CFO Raphael D'amico bought 35,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC acquired 1,545,597 shares and disposed of 4,200 in a set of related equity transactions.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director Christopher T. Fraser bought 80,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. Chief Executive Officer Chad L Stephens bought 40,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director Peter B Delaney bought 10,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director John H Pinkerton bought 10,000 shares on the open market at $2.00.
20 Apr 2021director interest notice● Neutral
PHX MINERALS INC. director Glen A Brown bought 10,000 shares on the open market at $2.00.
19 Apr 2021material agreement● NeutralMajor
On April 16, 2021 the company priced an upsized underwritten offering of 5,500,000 shares at $2.00 each with Stifel, for net proceeds of about $9.94 million, with an option for up to 825,000 more shares. The money is to fund the cash portion of the pending SCOOP acquisition, fees and general corporate purposes, and the offering is not conditional on that deal closing. This funds the April 14 Palmetto/Crestwood purchase but issues more new shares.
19 Apr 2021securities registration● Neutral
PHX MINERALS INC. filed a prospectus supplement for an offering off its existing shelf.
15 Apr 2021securities registration● Neutral
PHX MINERALS INC. filed a free-writing prospectus - marketing material for an offering in progress.
15 Apr 2021securities registration● Neutral
PHX MINERALS INC. filed a prospectus supplement for an offering off its existing shelf.
15 Apr 2021material agreement▲ GoodMajor
On April 14, 2021 the company agreed to buy mineral and royalty assets in Stephens, Carter and Garvin Counties, Oklahoma (SCOOP) from Palmetto Investments Partners, Palmetto Investments Partners II and Crestwood Exploration Partners for $11.947 million: $9.547 million cash and $2.4 million in stock. The assets are about 2,698 net royalty acres and 2,018 net mineral acres, effective November 1, 2020, with closing expected in late April. The stock will be held in escrow for indemnity claims, and the press release says the cash will be raised through a stock offering. This is a new acquisition, following the Red Stone deal.
9 Apr 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 3,224 shares on the open market at $2.80.
8 Apr 2021debt financing▲ GoodMajor
On April 7, 2021 the company signed a ninth amendment to its credit facility: the borrowing base is set at $29.0 million, maturity is extended a year to November 30, 2023, and the quarterly reduction eases to $500,000 from April 15, 2021. The yearly distribution allowance rises from $1.0 million to $1.5 million, and cash from equity raises can be used for acquisitions without the bank's consent. Debt was $23.5 million at March 31, 2021, and the next redetermination is expected December 1, 2021. This continues the loosening of the June 2020 restrictions.
7 Apr 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 26,561 shares on the open market.
1 Apr 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 4,978 shares on the open market.
25 Mar 2021director interest notice● Neutral
PHX MINERALS INC. 10%+ owner Edenbrook Capital, LLC bought 15,596 shares on the open market at $3.02.