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While PHX Minerals Inc. might still be in the hunt for a possible merger or sale, the Fort Worth company plans to release its year end financial results in the coming month.
With Oklahoma among its list of core focus efforts, the ccompany will release the results following the close of market on Wednesday, March 12, 2025. PHX also owns mineral acreage in Texas, Louisiana, North Dakota and Arkansas.
In November 2024, PHX turned down an acquisition offer from Philadelphia-based WhiteHawk Energy, then its directors decided a month later they wouldconsider a merger or sale of the company. The decision came after a third quarter financial report showed a drop in net income as well as production and converting wells in production. The firm reported it had experienced a 23% drop in royalty production volumes.
The board also hired a financial advisor to help in the review process.
