PHX Minerals Inc. (PHX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1320 SOUTH UNIVERSITY DRIVE
FORT WORTH, TX 76107
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2681,1613,3974,4891,7041,559
Cash and cash equivalents1,2681,1613,3974,4891,7041,559
Receivables6,5158,23113,15212,6419,4518,020
Derivative instruments and hedges, assets1,3712,041    
Other current assets3718301,3731,2771,1881,333
Total current assets:9,52512,26417,92218,40712,34310,913
Noncurrent Assets
Operating lease, right-of-use asset641674739771564586
Oil and gas property, successful effort method141,969142,221133,084123,427116,897109,734
Derivative instruments and hedges  112    
Other noncurrent assets597653757764537570
Total noncurrent assets:143,207143,661134,580124,962117,998110,890
TOTAL ASSETS:152,732155,924152,502143,370130,342121,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2713094,5144868561,112
Taxes payable496254500
Employee-related liabilities1,296 
Accounts payable271309647486602612
Accrued liabilities   2,075   
Deferred revenue   263   
Derivative instruments and hedges, liabilities   7,87410,19014,7936,413
Other undisclosed current liabilities1,5692,083(1,389)1,6801,6422,181
Total current liabilities:1,8402,39111,26312,35517,2919,707
Noncurrent Liabilities
Long-term debt and lease obligation23,75026,00029,28629,31524,72120,755
Long-term debt, excluding current maturities23,75026,00028,30028,30024,00020,000
Liabilities, other than long-term debt7,0727,2924,1753,7363,5813,000
Asset retirement obligations1,0411,0321,9022,1162,1782,157
Deferred income tax liabilities5,1335,3881,586551371710
Operating lease, liability8148729861,015721755
Derivative instruments and hedges, liabilities84 6871,0691,032133
Total noncurrent liabilities:30,82233,29233,46133,05128,30223,755
Total liabilities:32,66235,68344,72445,40645,59333,462
Equity
Equity, attributable to parent, including:120,070120,241107,77997,96384,74988,341
Common stock599599596594574573
Treasury stock, value(3,235)(3,235)(5,609)(5,609)(5,609)(5,609)
Additional paid in capital43,78343,13544,17742,85037,59736,741
Retained earnings77,55578,42967,11858,67650,77954,799
Other undisclosed equity, attributable to parent1,3691,3131,4961,4521,4071,836
Total equity:120,070120,241107,77997,96384,74988,341
TOTAL LIABILITIES AND EQUITY:152,732155,924152,502143,370130,342121,802

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Revenues7,52615,97317,54717,3841,96216,602
Gain (loss) on disposition of assets for financial service operations(866)3,1721,6403,283(11,773)4,550
Cost of revenue(4,556)(369)(2,171)(4,935)(3,206)(7,057)
Gross profit:2,97015,60415,37512,449(1,243)9,545
Operating expenses(3,177)(2,984)(3,786)(2,884)(2,744)(2,101)
Operating income (loss):(207)12,62011,5899,565(3,987)7,444
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
(139)4,3343,4996312,261(2,148)
Interest and debt expense(524)(557)(472)(286)(230)(177)
Income (loss) from continuing operations before equity method investments, income taxes:(871)16,39714,6179,909(1,957)5,120
Other undisclosed income (loss) from continuing operations before income taxes664(3,777)(3,028)(344)(2,031)2,325
Income (loss) from continuing operations before income taxes:(207)12,62011,5899,565(3,987)7,444
Income tax expense (benefit)166(3,067)(2,431)(976)(33)(762)
Income (loss) from continuing operations:(41)9,5539,1588,589(4,020)6,682
Income (loss) before gain (loss) on sale of properties:9,1588,589(4,020)6,682
Net income (loss) available to common stockholders, diluted:(41)9,5539,1588,589(4,020)6,682

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Net income (loss):(41)9,5539,1588,589(4,020)6,682
Comprehensive income (loss), net of tax, attributable to parent:(41)9,5539,1588,589(4,020)6,682

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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