PHX Minerals Q1 2025 10-Q: Derivatives & New Wells
| Field | Detail |
|---|---|
| Company | Phx Minerals Inc. |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: derivatives, oil, natural gas, hedging
TL;DR
PHX Minerals Q1 2025 10-Q: Hedging oil/gas prices with swaps/collars, new wells drilled in 2024.
AI Summary
PHX Minerals Inc. filed its 10-Q for the period ending March 31, 2025. The company reported on its derivative instruments, including oil fixed-price swaps and natural gas costless collars. Specific periods mentioned for these contracts range from January to February 2025 and extend through March 31, 2025, with some contracts referencing December 2024. The filing also touches upon new wells on PHX acreage for oil and gas during the 2024 fiscal year.
Why It Matters
This filing provides insight into PHX Minerals' hedging strategies for oil and natural gas prices, which directly impacts their revenue and profitability. It also highlights ongoing development activities through new well drilling.
Risk Assessment
Risk Level: medium — The company's reliance on commodity prices and hedging strategies introduces volatility and risk to its financial performance.
Key Numbers
- 2025-03-31 — Reporting Period End (Quarterly financial data is reported as of this date.)
- 2024-12-31 — Fiscal Year End (The company's fiscal year concludes on this date.)
- 2024-01-01 to 2024-03-31 — Q1 2024 Period (Used for reporting Additional Paid In Capital.)
- 2024-01-01 to 2024-12-31 — Full Year 2024 (Period for reporting new wells on PHX acreage.)
Key Players & Entities
- PHX MINERALS INC. (company) — Filer
- 20250331 (date) — Reporting Period End Date
- 0000315131 (company) — Central Index Key
- 1320 SOUTH UNIVERSITY DRIVE (location) — Business Address
- FORT WORTH (location) — Business Address City
- TX (location) — Business Address State
- 76107 (location) — Business Address Zip
- 4059481560 (phone_number) — Business Phone
- PANHANDLE OIL & GAS INC (company) — Former Company Name
- 20070509 (date) — Former Company Name Change Date
FAQ
What specific derivative instruments does PHX Minerals use to manage commodity price risk?
PHX Minerals utilizes oil fixed-price swaps, natural gas costless collars, oil costless collars, and natural gas fixed-price swaps as indicated in the filing.
What are the key periods covered by the derivative contracts mentioned in the filing?
The filing mentions periods such as January to February 2025, through March 31, 2025, and references December 2024 for some contracts.
What business activity related to acreage is highlighted for the 2024 fiscal year?
The company reported on 'New Wells On PHX Acreage' for oil and gas during the period from January 1, 2024, to December 31, 2024.
What financial metric is reported for the first quarter of 2024?
The filing reports on 'Additional Paid In Capital' for the period from January 1, 2024, to March 31, 2024.
Has PHX Minerals undergone any name changes in its history?
Yes, PHX Minerals was formerly known as PANHANDLE OIL & GAS INC. (name change effective May 9, 2007) and prior to that, PANHANDLE ROYALTY CO. (name change effective July 3, 1992).
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding PHX MINERALS INC..