$PHX
PHX MINERALS INC.

2020 Q2 Form 10-Q Financial Statement

#000156459020040047 Filed on August 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $2.702M $16.34M $7.636M
YoY Change -83.46% 70.98% -33.14%
Cost Of Revenue $1.280M $3.640M $3.460M
YoY Change -64.84% -2.15% -6.99%
Gross Profit $2.260M $6.370M $5.970M
YoY Change -64.52% -20.08% -34.03%
Gross Profit Margin 83.63% 38.98% 78.18%
Selling, General & Admin $2.870M $1.810M $2.130M
YoY Change 58.56% 13.84% 20.34%
% of Gross Profit 126.99% 28.41% 35.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.465M $4.383M $3.624M
YoY Change -43.77% -5.12% -14.53%
% of Gross Profit 109.05% 68.81% 60.7%
Operating Expenses $5.690M $6.190M $5.750M
YoY Change -8.08% -0.32% -4.17%
Operating Profit -$3.430M $180.0K $220.0K
YoY Change -2005.56% -89.77% -92.79%
Interest Expense $241.2K $526.7K $485.8K
YoY Change -54.21% -120.65% -127.29%
% of Operating Profit 292.6% 220.81%
Other Income/Expense, Net $70.00K
YoY Change
Pretax Income -$4.433M $5.919M -$2.061M
YoY Change -174.89% -701.49% -297.04%
Income Tax -$877.9K $1.315M -$130.0K
% Of Pretax Income 22.22%
Net Earnings -$3.555M $4.604M -$1.931M
YoY Change -177.22% -694.02% -280.47%
Net Earnings / Revenue -131.56% 28.17% -25.29%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$0.21 $278.5K -$114.5K
COMMON SHARES
Basic Shares Outstanding 16.55M 16.69M
Diluted Shares Outstanding 16.55M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.000M $1.500M $500.0K
YoY Change 33.33% 200.0% 150.0%
Cash & Equivalents $2.025M $1.530M $505.0K
Short-Term Investments
Other Short-Term Assets $2.300M $1.438M $1.500M
YoY Change 59.93% 619.07% 400.0%
Inventory
Prepaid Expenses
Receivables $2.200M $5.504M $6.400M
Other Receivables $1.600M $500.0K $600.0K
Total Short-Term Assets $8.200M $11.47M $8.900M
YoY Change -28.52% 55.03% 14.1%
LONG-TERM ASSETS
Property, Plant & Equipment $83.00M $194.7M $196.6M
YoY Change -57.37% 3.02% 2.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $100.0K $200.0K $200.0K
YoY Change -50.0% 0.0% 0.0%
Other Assets $231.4K $200.0K $100.0K
YoY Change 15.69%
Total Long-Term Assets $83.50M $195.1M $196.9M
YoY Change -57.21% 3.19% 2.82%
TOTAL ASSETS
Total Short-Term Assets $8.200M $11.47M $8.900M
Total Long-Term Assets $83.50M $195.1M $196.9M
Total Assets $91.70M $206.6M $205.8M
YoY Change -55.62% 5.14% 3.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $563.6K $500.0K
YoY Change 24.19% -53.03% -37.5%
Accrued Expenses $1.500M $1.900M $1.500M
YoY Change -21.05% 18.75% 7.14%
Deferred Revenue
YoY Change
Short-Term Debt $2.000M $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M
YoY Change
Total Short-Term Liabilities $4.200M $2.444M $1.900M
YoY Change 71.86% -57.13% -52.5%
LONG-TERM LIABILITIES
Long-Term Debt $28.00M $41.50M $44.10M
YoY Change -32.53% 2.72% 1.38%
Other Long-Term Liabilities $3.000M $2.900M $2.900M
YoY Change 3.45% -6.45% -3.33%
Total Long-Term Liabilities $31.00M $41.50M $47.00M
YoY Change -25.3% -4.6% 1.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.200M $2.444M $1.900M
Total Long-Term Liabilities $31.00M $41.50M $47.00M
Total Liabilities $35.20M $43.94M $71.00M
YoY Change -19.9% -34.7% 3.2%
SHAREHOLDERS EQUITY
Retained Earnings $58.24M $138.7M
YoY Change -58.0%
Common Stock $3.657M $3.219M
YoY Change 13.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.229M $7.863M
YoY Change -8.06%
Treasury Stock Shares $483.6K $508.6K
Shareholders Equity $56.50M $136.5M $134.8M
YoY Change
Total Liabilities & Shareholders Equity $91.72M $206.6M $205.8M
YoY Change -55.61% 5.14% 3.26%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$3.555M $4.604M -$1.931M
YoY Change -177.22% -694.02% -280.47%
Depreciation, Depletion And Amortization $2.465M $4.383M $3.624M
YoY Change -43.77% -5.12% -14.53%
Cash From Operating Activities $3.720M $5.270M $5.050M
YoY Change -29.41% -16.35% -38.11%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K $810.0K -$2.710M
YoY Change -107.41% -167.5% 73.72%
Acquisitions
YoY Change
Other Investing Activities $30.00K $700.0K -$1.380M
YoY Change -95.71% -168.63% -337.93%
Cash From Investing Activities -$20.00K $1.510M -$4.100M
YoY Change -101.32% -168.33% 314.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.170M -5.760M -910.0K
YoY Change -62.33% 52.38% -87.98%
NET CHANGE
Cash From Operating Activities 3.720M 5.270M 5.050M
Cash From Investing Activities -20.00K 1.510M -4.100M
Cash From Financing Activities -2.170M -5.760M -910.0K
Net Change In Cash 1.530M 1.020M 40.00K
YoY Change 50.0% 229.03% -110.0%
FREE CASH FLOW
Cash From Operating Activities $3.720M $5.270M $5.050M
Capital Expenditures -$60.00K $810.0K -$2.710M
Free Cash Flow $3.780M $4.460M $7.760M
YoY Change -15.25% -40.53% -20.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Costs And Expenses
CostsAndExpenses
30142759
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4433155
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5919236
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29728855
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-877940
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1315000
CY2020Q2 phx Accrued Liabilities And Other
AccruedLiabilitiesAndOther
1485708
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
2000000
CY2019Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
5976007
CY2020Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2871603
CY2020Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
140466
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
281509
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3375400
CY2020Q2 phx Deferred Directors Compensation
DeferredDirectorsCompensation
1829786
CY2020Q2 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
83038001
CY2019Q3 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
111427021
CY2020Q2 us-gaap Long Term Investments
LongTermInvestments
113408
CY2019Q3 us-gaap Long Term Investments
LongTermInvestments
205076
CY2019Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
237505
CY2020Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
181993
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
231387
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
297890
us-gaap Production Tax Expense
ProductionTaxExpense
835284
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6160691
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
58244355
CY2020Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
63731050
CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
7229006
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
56502044
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
91724110
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01666
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000500
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16897306
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
483588
CY2020Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-838282
CY2020Q2 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
3108
us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
13114725
us-gaap Revenues
Revenues
50307601
us-gaap Operating Lease Expense
OperatingLeaseExpense
4639749
CY2020Q2 phx Transportation Gathering And Marketing Expense
TransportationGatheringAndMarketingExpense
956653
CY2019Q2 phx Transportation Gathering And Marketing Expense
TransportationGatheringAndMarketingExpense
1529270
us-gaap Production Tax Expense
ProductionTaxExpense
1565038
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2464568
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4383043
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8793787
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11820705
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
358826
us-gaap Asset Impairment Charges
AssetImpairmentCharges
29904528
CY2020Q2 us-gaap Interest Expense
InterestExpense
241191
CY2019Q2 us-gaap Interest Expense
InterestExpense
526677
us-gaap Interest Expense
InterestExpense
958429
us-gaap Interest Expense
InterestExpense
1551831
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1908790
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1809439
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6306479
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5881432
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
73687
CY2019Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-66260
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
44551
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-82045
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-3555215
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.92
CY2020Q2 phx Weighted Average Number Of Shares Outstanding Basic And Diluted Common Shares
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedCommonShares
16403243
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
7138538
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
10423158
us-gaap Costs And Expenses
CostsAndExpenses
54322056
CY2019Q2 phx Weighted Average Number Of Shares Outstanding Basic And Diluted Common Shares
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedCommonShares
16515498
phx Weighted Average Number Of Shares Outstanding Basic And Diluted Common Shares
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedCommonShares
16375736
phx Weighted Average Number Of Shares Outstanding Basic And Diluted Common Shares
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedCommonShares
16646828
CY2020Q2 phx Weighted Average Number Of Shares Outstanding Basic And Diluted Other
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOther
141799
CY2019Q2 phx Weighted Average Number Of Shares Outstanding Basic And Diluted Other
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOther
170066
phx Weighted Average Number Of Shares Outstanding Basic And Diluted Other
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOther
152500
phx Weighted Average Number Of Shares Outstanding Basic And Diluted Other
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOther
183206
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16545042
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16685564
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16528236
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16830034
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
1892114
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7635
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
148515
CY2019Q4 phx Adjustments To Additional Paid In Capital Distribution Of Restricted Stock To Officers And Directors
AdjustmentsToAdditionalPaidInCapitalDistributionOfRestrictedStockToOfficersAndDirectors
93
CY2019Q4 phx Common Shares To Be Issued To Directors For Services Value
CommonSharesToBeIssuedToDirectorsForServicesValue
86212
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
80108933
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-20454814
CY2020Q1 phx Adjustments To Additional Paid In Capital Distribution Of Deferred Directors Compensation
AdjustmentsToAdditionalPaidInCapitalDistributionOfDeferredDirectorsCompensation
-1
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
128196
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
166132
CY2020Q2 phx Common Shares To Be Issued To Directors For Services Value
CommonSharesToBeIssuedToDirectorsForServicesValue
44058
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
159469
CY2018Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1347789
CY2018Q4 phx Adjustments To Additional Paid In Capital Distribution Of Restricted Stock To Officers And Directors
AdjustmentsToAdditionalPaidInCapitalDistributionOfRestrictedStockToOfficersAndDirectors
160
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-1931334
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2827126
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
286852
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
381
CY2019Q1 phx Adjustments To Additional Paid In Capital Distribution Of Restricted Stock To Officers And Directors
AdjustmentsToAdditionalPaidInCapitalDistributionOfRestrictedStockToOfficersAndDirectors
75
CY2019Q1 phx Adjustments To Additional Paid In Capital Distribution Of Deferred Directors Compensation
AdjustmentsToAdditionalPaidInCapitalDistributionOfDeferredDirectorsCompensation
-3
CY2019Q1 phx Common Shares To Be Issued To Directors For Services Value
CommonSharesToBeIssuedToDirectorsForServicesValue
51993
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
134832789
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2497501
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
159911
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
664835
CY2019Q2 phx Adjustments To Additional Paid In Capital Distribution Of Restricted Stock To Officers And Directors
AdjustmentsToAdditionalPaidInCapitalDistributionOfRestrictedStockToOfficersAndDirectors
56
CY2019Q2 phx Common Shares To Be Issued To Directors For Services Value
CommonSharesToBeIssuedToDirectorsForServicesValue
65540
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
136500196
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
us-gaap Profit Loss
ProfitLoss
-22117915
us-gaap Profit Loss
ProfitLoss
15408842
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6158000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5150000
phx Gain From Leasing Of Fee Mineral Acreage
GainFromLeasingOfFeeMineralAcreage
567975
phx Gain From Leasing Of Fee Mineral Acreage
GainFromLeasingOfFeeMineralAcreage
951832
phx Proceeds From Leasing Of Fee Mineral Acreage
ProceedsFromLeasingOfFeeMineralAcreage
582458
phx Proceeds From Leasing Of Fee Mineral Acreage
ProceedsFromLeasingOfFeeMineralAcreage
967337
us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
3258994
us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
13114725
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
184188
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
197820
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
128765205
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
12735940
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1140559
CY2018Q4 phx Common Shares To Be Issued To Directors For Services Value
CommonSharesToBeIssuedToDirectorsForServicesValue
80287
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
139252713
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1530477
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
4
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
27782
phx Payments To Acquire Oil And Gas Property And Equipment Gross
PaymentsToAcquireOilAndGasPropertyAndEquipmentGross
10335534
phx Payments To Acquire Oil And Gas Property And Equipment Gross
PaymentsToAcquireOilAndGasPropertyAndEquipmentGross
8149347
phx Increase Decrease In Accounts Payable For Properties And Equipment Additions Net
IncreaseDecreaseInAccountsPayableForPropertiesAndEquipmentAdditionsNet
164650
phx Increase Decrease In Accounts Payable For Properties And Equipment Additions Net
IncreaseDecreaseInAccountsPayableForPropertiesAndEquipmentAdditionsNet
320759
phx Cash Receipts Payments On Settled Derivative Contracts
CashReceiptsPaymentsOnSettledDerivativeContracts
3230034
phx Cash Receipts Payments On Settled Derivative Contracts
CashReceiptsPaymentsOnSettledDerivativeContracts
-1099402
us-gaap Restricted Stock Expense
RestrictedStockExpense
619812
us-gaap Restricted Stock Expense
RestrictedStockExpense
606232
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3718
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-15848
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2194430
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1597667
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
121635
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
859258
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
31755
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3270
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
134908
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
476846
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-6544
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-6949
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-950686
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
86467
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
31943655
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-1075891
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9825740
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14332951
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
196168
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
3349640
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10304016
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5120466
phx Proceeds From Payment To Acquire Investments In Partnerships
ProceedsFromPaymentToAcquireInvestmentsInPartnerships
-1648
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
3457500
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
13114969
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7042684
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4643215
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
6061725
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
15053345
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11486725
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
24553345
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7635
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6465186
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1486031
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2013005
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6918666
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17978191
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4135610
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
997975
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
532502
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2025081
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
10500184
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8470106
CY2019Q4 phx Maximum Percentage Of Operating Lease Right Use Assets To Assets
MaximumPercentageOfOperatingLeaseRightUseAssetsToAssets
0.01
CY2019Q4 phx Maximum Percentage Of Operating Lease Obligations To Assets
MaximumPercentageOfOperatingLeaseObligationsToAssets
0.01
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3517561
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18329017
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9782337
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31214375
us-gaap Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
true
phx Estimated Oil And Natural Gas Sales Resulted Decrease In Loss Before Income Taxes
EstimatedOilAndNaturalGasSalesResultedDecreaseInLossBeforeIncomeTaxes
237341
CY2020Q2 phx Estimated Oil And Natural Gas Sales Resulted Decrease In Loss Before Income Taxes
EstimatedOilAndNaturalGasSalesResultedDecreaseInLossBeforeIncomeTaxes
237341
phx Estimated Oil And Natural Gas Sales Resulted Decrease In Net Loss
EstimatedOilAndNaturalGasSalesResultedDecreaseInNetLoss
175632
CY2020Q2 phx Estimated Oil And Natural Gas Sales Resulted Decrease In Net Loss
EstimatedOilAndNaturalGasSalesResultedDecreaseInNetLoss
189873
phx Estimated Oil And Natural Gas Sales Resulted Decrease In Net Income Loss Per Common Share
EstimatedOilAndNaturalGasSalesResultedDecreaseInNetIncomeLossPerCommonShare
0.01
CY2020Q2 phx Estimated Oil And Natural Gas Sales Resulted Decrease In Net Income Loss Per Common Share
EstimatedOilAndNaturalGasSalesResultedDecreaseInNetIncomeLossPerCommonShare
0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.26
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.20
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2020Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
128196
CY2019Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
159911
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
754567
CY2020Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
324913067
CY2019Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
354718398
CY2020Q2 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
19081485
CY2019Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
14599023
CY2020Q2 us-gaap Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
777104
CY2019Q3 us-gaap Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
717121
CY2020Q2 phx Oil And Gas Property Successful Effort Method Gross Excluding Other Oil And Gas Property
OilAndGasPropertySuccessfulEffortMethodGrossExcludingOtherOilAndGasProperty
344771656
CY2019Q3 phx Oil And Gas Property Successful Effort Method Gross Excluding Other Oil And Gas Property
OilAndGasPropertySuccessfulEffortMethodGrossExcludingOtherOilAndGasProperty
370034542
CY2020Q2 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
261733655
CY2019Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
258607521
CY2019Q1 phx Number Of Assets Sold
NumberOfAssetsSold
0
phx Computation Of Oil Natural Gas And Ngl Reserves
ComputationOfOilNaturalGasAndNglReserves
P12M
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
29315807
CY2019Q2 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2020Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
358826
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
588721
CY2020Q1 phx Percentage Of Discount Rate For Proved Developed Location
PercentageOfDiscountRateForProvedDevelopedLocation
0.10
CY2020Q1 phx Undeveloped Location Assigned Value
UndevelopedLocationAssignedValue
0
CY2018Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2809378
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
27782
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
61985
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
9669
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
97803
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
99996
CY2019Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2927487
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
1679511
CY2019Q3 us-gaap Derivative Assets
DerivativeAssets
2494144
CY2020Q2 phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
1699122
CY2019Q2 phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
418892
phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
3230034
phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-1099402
CY2020Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-2537404
CY2019Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1894303
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-814633
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
6125525
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-838282
CY2019Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2313195
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2415401
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5026123
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2028640
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2256639
CY2020Q2 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralCurrent
208663
CY2020Q2 phx Derivative Asset Fair Value Gross Non Current Asset
DerivativeAssetFairValueGrossNonCurrentAsset
57386
CY2019Q3 phx Derivative Asset Fair Value Gross Non Current Asset
DerivativeAssetFairValueGrossNonCurrentAsset
237505
CY2020Q2 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Non Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralNonCurrent
57386
CY2020Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
208663
CY2020Q2 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralCurrent
208663
CY2020Q2 phx Derivative Liabilities Fair Value Gross Non Current Liabilities
DerivativeLiabilitiesFairValueGrossNonCurrentLiabilities
197852
CY2020Q2 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Non Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralNonCurrent
57386
phx Producing Properties Fair Value
ProducingPropertiesFairValue
5288710

Files In Submission

Name View Source Status
0001564590-20-040047-index-headers.html Edgar Link pending
0001564590-20-040047-index.html Edgar Link pending
0001564590-20-040047.txt Edgar Link pending
0001564590-20-040047-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
phx-10q_20200630.htm Edgar Link pending
phx-20200630.xml Edgar Link completed
phx-20200630.xsd Edgar Link pending
phx-20200630_cal.xml Edgar Link unprocessable
phx-20200630_def.xml Edgar Link unprocessable
phx-20200630_lab.xml Edgar Link unprocessable
phx-20200630_pre.xml Edgar Link unprocessable
phx-ex311_8.htm Edgar Link pending
phx-ex312_6.htm Edgar Link pending
phx-ex321_9.htm Edgar Link pending
phx-ex322_7.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending