Yahoo Finance PHX Minerals Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
PHX Minerals (NYSE:PHX) Full Year 2022 Results
Key Financial Results
Revenue: US$67.1m (up 85% from FY 2021).
Net income: US$20.4m (up from US$6.22m loss in FY 2021).
Profit margin: 30% (up from net loss in FY 2021).
EPS: US$0.59 (up from US$0.24 loss in FY 2021).
PHX Production and Reserves
Oil Reserves and Sales Price
Proven reserves: 1.383 MMbbls.
Average sales price/bbl (hedged): US$91.32.
Gas Reserves and Sales Price
Proven reserves: 62.237 Bcf.
Average sales price/mcf (hedged): US$6.16.
LNG Reserves and Sales Price
Proven reserves: 1.763 MMbbls.
Average sales price/bbl (hedged): US$36.11.
Combined production
Oil equivalent production: 1.602 MMboe (1.513 MMboe in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PHX Minerals Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 7.1% decline forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 12% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for PHX Minerals (1 is a bit unpleasant!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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