PHX MINERALS INC.

Overview

• IndustryCrude Petroleum & Natural Gas²
• HeadquartersFort Worth, United States²
• Incorporated inDE³
• Business address1320 South University Drive, Suite 720, Fort Worth, Tx 76107³
• Filer categoryNon-accelerated filer, Smaller reporting company³
• Legal formProfit Corporation²
• LEI5493007OI1JOF1QSPE51²
• StatusActive²
• LEI statusLapsed (not renewed)²
• Registered addressC/O THE CORPORATION COMPANY, 73128 OKLAHOMA City, United States²
• Registered withBusiness Filing Department (Oklahoma Secretary of State), 1900329203²

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All statements, other than statements of historical facts, included in this Annual Report on Form 10-K that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements may include, but are not limited to statements relating to: our ability to execute our business strategies; the volatility of realized natural gas and oil prices; the level of production on our properties; estimates of quantities of natural gas, oil and NGL reserves and their values; general economic or industry conditions; legislation or regulatory requirements; conditions of the securities markets; our ability to raise capital; changes in accounting principles, policies or guidelines; financial or political instability; acts of war or terrorism; title defects in the properties in which we invest; and other economic, com…⁴ From its latest annual report

Corporate structure

PHX MINERALS INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PHX MINERALS INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Properties, in its own words

General Background

We are focused on perpetual natural gas and oil mineral ownership in resource plays in the United States. As part of our evolution as a company, we also own interests in leasehold acreage and non-operated working interests in natural gas and oil properties.

Item 2 of the 10-K filed Mar 12, 2025.⁴

Leadership

Who has led PHX MINERALS INC., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerChad L. Stephens Aug 30, 2019 to now¹⁴
• Chief executive officerPaul Blanchard Jr. Mar 24, 2017 to Nov 6, 2019¹⁵
• Chief executive officerMichael C. Coffman Oct 30, 2008 to Jan 4, 2017¹⁶
• ChairE. Chris Kauffman Jan 12, 2006 to Aug 21, 2008¹⁷
• Chief financial officerRaphael D'Amico Apr 23, 2020 to now¹⁸
• Chief financial officerRobb Winfield Nov 21, 2017 to Dec 26, 2019¹⁹
• Chief financial officerLonnie Joe Lowry Dec 12, 2011 to Dec 29, 2016²⁰
• Chief operating officerPaul Blanchard Jr. May 21, 2010 to Dec 29, 2016²¹

Former names

• PANHANDLE OIL & GAS INCMay 9, 2007 to Oct 14, 2020³
• PANHANDLE ROYALTY CODec 21, 1995 to Mar 21, 2007³

Timeline

1. Jun 23, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale⁴⁴
2. May 12, 20258-K Entered a material agreement; Results of operations; Executive or director change⁴⁵
3. Apr 11, 20258-K Bylaws or fiscal year changed⁴⁶
4. Mar 12, 20258-K Results of operations; Regulation FD disclosure⁴⁷
5. Nov 6, 20248-K Results of operations; Regulation FD disclosure⁴⁸
6. Aug 7, 20248-K Results of operations; Regulation FD disclosure⁴⁹
7. Jul 19, 20248-K Bylaws or fiscal year changed; Regulation FD disclosure⁵⁰
8. Jul 17, 20248-K Bylaws or fiscal year changed; Regulation FD disclosure⁵¹
9. May 20, 20248-K Change to shareholders' rights; Executive or director change; Bylaws or fiscal year changed⁵²
10. May 8, 20248-K Results of operations; Regulation FD disclosure⁵³
11. Apr 18, 20248-K Entered a material agreement; New debt or obligation⁵⁴
12. Mar 12, 20248-K Results of operations; Regulation FD disclosure⁵⁵
13. Aug 30, 2019New chief executive Chad L. Stephens becomes CEO¹⁴
14. Mar 24, 2017New chief executive Paul Blanchard Jr. becomes CEO¹⁵
15. Oct 30, 2008New chief executive Michael C. Coffman becomes CEO¹⁶
16. Dec 11, 1978Founded PHX MINERALS INC. is founded²

Calendar

When it reported results

1. May 12, 2025Reported quarterly or annual results⁴⁵
2. Mar 12, 2025Reported quarterly or annual results⁴⁷
3. Nov 6, 2024Reported quarterly or annual results⁴⁸
4. Aug 7, 2024Reported quarterly or annual results⁴⁹
5. May 8, 2024Reported quarterly or annual results⁵³
6. Mar 12, 2024Reported quarterly or annual results⁵⁵
7. Nov 8, 2023Reported quarterly or annual results⁵⁶
8. Aug 8, 2023Reported quarterly or annual results⁵⁷

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

242 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 40 major events, 108 insider forms, 21 large holders, 58 other. The latest 20:

1. Aug 14, 2025SCHEDULE 13G/A EDGAR
2. Aug 14, 2025SCHEDULE 13G/A EDGAR
3. Aug 14, 2025SCHEDULE 13G/A EDGAR
4. Jul 23, 20254 OWNERSHIP DOCUMENT EDGAR
5. Jul 3, 202515-12G EDGAR
6. Jun 26, 2025EFFECT EDGAR
7. Jun 26, 2025EFFECT EDGAR
8. Jun 26, 2025EFFECT EDGAR
9. Jun 26, 2025EFFECT EDGAR
10. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
11. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
12. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
13. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
14. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
15. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
16. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
17. Jun 23, 20254 OWNERSHIP DOCUMENT EDGAR
18. Jun 23, 2025S-8 POS EDGAR
19. Jun 23, 2025S-8 POS EDGAR
20. Jun 23, 2025S-8 POS EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 55 buys and 1 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Beryl Capital Management LLCSCHEDULE 13G/A, 2 filings May 27, 2025 to Aug 14, 2025⁵⁸
• GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 30, 2025 to Aug 14, 2025⁵⁹
• SRP CAPITAL ADVISORS, LLCSCHEDULE 13G/A, 5 filings Oct 4, 2021 to Aug 14, 2025⁶⁰
• Robert A. Hefner Iii.SCHEDULE 13G/A, 3 filings Sep 1, 2022 to Jun 13, 2025⁶¹
• Edenbrook Capital, LLCSCHEDULE 13D/A, 5 filings Feb 10, 2022 to May 27, 2025⁶²
• PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.SCHEDULE 13G/A, 2 filings Feb 14, 2024 to May 15, 2025⁶³
• GHK Royalty LLCSC 13G/A, 1 filing Sep 1, 2022⁶⁴
• Trigran Investments, Inc.SC 13G/A, 1 filing Oct 6, 2021⁶⁵

SEC filer profile

How PHX MINERALS INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARPHX MINERALS INC.¹
• CIK0000315131
• Employer ID (EIN)73-1055775⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated indelaware⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)1311 Crude Petroleum & Natural Gas¹
• SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
• Business address1320 South University Drive, Suite 720, Fort Worth, TX 76107¹
• Phone4059481560¹
• Shares outstanding37,922,368 as of May 5, 2025¹³
• Public float$113.9M as of Jun 30, 2024⁴
• AuditorErnst & Young LLP, Oklahoma PCAOB ID 42; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceMay 11, 1995¹
• Filings1,023 in all: 4 (452), 8-K (145), 10-Q (71), SC 13G/A (39), DEF 14A (30), 10-K (23), 3 (20), 10QSB (19)¹
  All 56 form types

  5 (18), UPLOAD (17), 4/A (15), ARS (14), EFFECT (14), SC 13G (13), CORRESP (11), 425 (10), PRE 14A (9), DEFA14A (8), POS AM (8), 8-K/A (6), S-3 (6), SCHEDULE 13G/A (6), 424B5 (5), S-8 POS (5), 10KSB (4), 10KSB40 (3), 3/A (3), 424B3 (3), S-3/A (3), S-8 (3), SC 13D/A (3), 25-NSE (2), 8-A12B (2), CERTNYS (2), D (2), DEFR14A (2), FWP (2), PRER14A (2), SC 13D (2), SC 14D9/A (2), SC14D9C (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 10-K/A (1), 10-Q/A (1), 10-QT (1), 15-12G (1), 25 (1), 8-K12B (1), DEFS14A (1), PRES14A (1), SC 14D9 (1), SC TO-C (1), SC TO-T (1), SC TO-T/A (1), SCHEDULE 13D (1)

• Latest filingsAnnual report (10-K) Mar 12, 2025
  Quarterly report (10-Q) May 8, 2025
  Proxy statement (DEF 14A) Apr 5, 2024
  Latest 8-K (8-K) Jun 23, 2025

Securities registered for trading

From the cover page of the 10-K filed Mar 12, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks PHX MINERALS INC. names in Item 1A of its 10-K filed Mar 12, 2025: 27 risks under these headings, as written.⁴

• Risks Related to our Business
• The volatility of natural gas and oil prices due to factors beyond our control greatly affects our financial condition, results of operations and cash available for distribution.
• Low natural gas, oil and NGL prices for a prolonged period of time would have a material adverse effect on the Company.
• There is no assurance that our evaluation of strategic alternatives will result in any particular outcome, and the process of reviewing strategic alternatives or the conclusion of the process could adversely affect our business and our stockholders.
• The conflicts in Ukraine and Israel and related price volatility and geopolitical instability could negatively impact our business.
• Lower natural gas, oil and NGL prices or negative adjustments to natural gas, oil and NGL reserves may result in significant impairment charges.
• Our future success depends on developing our existing inventory of mineral acreage and acquiring additional mineral interests. Failure to develop our existing inventory of mineral acreage and to acquire additional mineral interests will cause reserves and production to decline materially from their current levels.
• Any acquisition of additional mineral and royalty interests that we complete will be subject to substantial risks.
• Our estimated proved reserves are based on many assumptions that may prove to be inaccurate. Any inaccuracies in these reserve estimates or underlying assumptions may materially affect the quantities and present value of our reserves.
• Debt level and interest rates may adversely affect our business.
• We may incur losses as a result of title defects in the properties we own.
• Competition in the oil and natural gas industry is intense, and most of our competitors have greater financial and other resources than we do.

Legal proceedings

In the ordinary course of business, we may be, from time to time, a claimant or a defendant in various legal proceedings. There were no material pending legal proceedings involving the Company on December 31, 2024, or at the date of this Annual Report.

The opening of Item 3, Legal Proceedings.⁴