$PHX
PHX MINERALS INC.

2022 Q1 Form 10-Q Financial Statement

#000156459022018886 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $14.78M $6.056M
YoY Change 144.11% -46.46%
Cost Of Revenue $1.627M $1.470M
YoY Change 10.67% -23.44%
Gross Profit $13.32M $6.930M
YoY Change 92.19% 30.26%
Gross Profit Margin 90.09% 114.43%
Selling, General & Admin $4.233M $3.380M
YoY Change 25.23% -4.25%
% of Gross Profit 31.78% 48.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.121M $1.778M
YoY Change 19.31% -47.3%
% of Gross Profit 15.93% 25.65%
Operating Expenses $6.354M $5.160M
YoY Change 23.14% -85.84%
Operating Profit $6.965M $1.770M
YoY Change 293.5% -105.69%
Interest Expense $230.2K $267.9K
YoY Change -14.06% -22.71%
% of Operating Profit 3.31% 15.13%
Other Income/Expense, Net $100.0K
YoY Change -350.0%
Pretax Income -$3.987M -$716.7K
YoY Change 456.35% -97.39%
Income Tax $33.00K -$217.0K
% Of Pretax Income
Net Earnings -$4.020M -$499.7K
YoY Change 704.54% -97.56%
Net Earnings / Revenue -27.19% -8.25%
Basic Earnings Per Share -$0.12 -$0.02
Diluted Earnings Per Share -$0.12 -$0.02
COMMON SHARES
Basic Shares Outstanding 34.29M 22.61M
Diluted Shares Outstanding 34.29M 22.61M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.704M $1.300M
YoY Change 31.05% 160.0%
Cash & Equivalents $1.704M $1.270M
Short-Term Investments
Other Short-Term Assets $1.188M $800.0K
YoY Change 48.54% -83.33%
Inventory
Prepaid Expenses
Receivables $9.451M $4.700M
Other Receivables $0.00 $2.500M
Total Short-Term Assets $12.34M $9.200M
YoY Change 34.17% -26.98%
LONG-TERM ASSETS
Property, Plant & Equipment $117.5M $86.10M
YoY Change 36.42% 0.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $537.2K $600.0K
YoY Change -10.47%
Total Long-Term Assets $118.0M $86.70M
YoY Change 36.1% 0.62%
TOTAL ASSETS
Total Short-Term Assets $12.34M $9.200M
Total Long-Term Assets $118.0M $86.70M
Total Assets $130.3M $95.90M
YoY Change 35.91% -2.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $602.4K $700.0K
YoY Change -13.94% -13.59%
Accrued Expenses $1.642M $1.500M
YoY Change 9.45% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.29M $5.200M
YoY Change 232.53% 152.84%
LONG-TERM LIABILITIES
Long-Term Debt $24.00M $23.50M
YoY Change 2.13% -26.56%
Other Long-Term Liabilities $3.931M $4.400M
YoY Change -10.66% 51.72%
Total Long-Term Liabilities $24.00M $27.90M
YoY Change -13.98% -12.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.29M $5.200M
Total Long-Term Liabilities $24.00M $27.90M
Total Liabilities $45.59M $34.10M
YoY Change 33.7% 0.13%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $390.3K
Shareholders Equity $84.75M $61.73M
YoY Change
Total Liabilities & Shareholders Equity $130.3M $95.90M
YoY Change 35.91% -2.9%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$4.020M -$499.7K
YoY Change 704.54% -97.56%
Depreciation, Depletion And Amortization $2.121M $1.778M
YoY Change 19.31% -47.3%
Cash From Operating Activities $7.296M $4.210M
YoY Change 73.31% 4.99%
INVESTING ACTIVITIES
Capital Expenditures -$86.67K -$300.0K
YoY Change -71.11% 900.0%
Acquisitions $9.274M
YoY Change
Other Investing Activities -$6.980M -$40.00K
YoY Change 17349.9% -50.0%
Cash From Investing Activities -$7.067M -$340.0K
YoY Change 1978.42% 183.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change
Cash From Financing Activities -85.37K -3.760M
YoY Change -97.73% 2.73%
NET CHANGE
Cash From Operating Activities 7.296M 4.210M
Cash From Investing Activities -7.067M -340.0K
Cash From Financing Activities -85.37K -3.760M
Net Change In Cash 144.3K 110.0K
YoY Change 31.2% -52.17%
FREE CASH FLOW
Cash From Operating Activities $7.296M $4.210M
Capital Expenditures -$86.67K -$300.0K
Free Cash Flow $7.383M $4.510M
YoY Change 63.7% 11.63%

Facts In Submission

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EarningsPerShareBasic
-0.05
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4020455
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22608374
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33683685
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22581601
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34292455
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22608374
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33683685
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22581601
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q1 phx Oil And Gas Property Successful Effort Method Gross Excluding Other Oil And Gas Property
OilAndGasPropertySuccessfulEffortMethodGrossExcludingOtherOilAndGasProperty
313857954
CY2021Q3 phx Oil And Gas Property Successful Effort Method Gross Excluding Other Oil And Gas Property
OilAndGasPropertySuccessfulEffortMethodGrossExcludingOtherOilAndGasProperty
361245151
CY2022Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
196960903
CY2021Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
257643661
CY2022Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
116897051
CY2021Q3 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
103601490
CY2022Q1 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
48878130
CY2021Q3 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
40466098
CY2022Q1 us-gaap Other Oil And Gas Property Successful Effort Method
OtherOilAndGasPropertySuccessfulEffortMethod
844582
CY2022Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
433137
CY2021Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
161170
us-gaap Restricted Stock Expense
RestrictedStockExpense
688981
us-gaap Restricted Stock Expense
RestrictedStockExpense
284148
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
2750181
CY2022Q1 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
264135242
CY2021Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
319984874
phx Computation Of Oil Natural Gas And Ngl Reserves
ComputationOfOilNaturalGasAndNglReserves
P12M
CY2022Q1 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0
CY2022Q1 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Non Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralNonCurrent
31174
CY2021Q3 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralCurrent
17395
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
15825035
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
13784467
CY2022Q1 phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-1210766
CY2021Q1 phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-297431
phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
-2925098
phx Net Cash Received Paid On Derivative Contracts Settled
NetCashReceivedPaidOnDerivativeContractsSettled
315883
CY2022Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-11772640
CY2021Q1 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-2050712
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-7222140
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-2918062
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-12983406
CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2348143
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-10147238
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2602179
CY2022Q1 phx Cash Paid To Settle Off Market Derivative Contracts
CashPaidToSettleOffMarketDerivativeContracts
2493481
phx Cash Paid To Settle Off Market Derivative Contracts
CashPaidToSettleOffMarketDerivativeContracts
5181572
phx Cash Receipts Payments On Off Market Derivative Contracts
CashReceiptsPaymentsOnOffMarketDerivativeContracts
-7930160
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
60347
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
14853743
CY2022Q1 phx Derivative Asset Fair Value Gross Non Current Asset
DerivativeAssetFairValueGrossNonCurrentAsset
31174
CY2022Q1 phx Derivative Liabilities Fair Value Gross Non Current Liabilities
DerivativeLiabilitiesFairValueGrossNonCurrentLiabilities
1062813
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
17395
CY2021Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
12105383
CY2021Q3 phx Derivative Liabilities Fair Value Gross Non Current Liabilities
DerivativeLiabilitiesFairValueGrossNonCurrentLiabilities
1696479
CY2022Q1 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralCurrent
60347
CY2022Q1 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralCurrent
60347
CY2022Q1 phx Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral Non Current
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateralNonCurrent
31174
CY2021Q3 phx Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral Current
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateralCurrent
17395
CY2022Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
14793396
CY2022Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1031639
CY2021Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12087988
CY2021Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1696479

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