Earnings Call Summary | PHX Minerals(PHX.US) Q1 2024 Earnings Conference
Earnings Call Summary | PHX Minerals(PHX.US) Q1 2024 Earnings Conference
EBITDA was down significantly year-over-year but increased slightly compared to the previous quarter, reflecting the company's strong hedging program.The following is a summary of the PHX Minerals Inc. (PHX) Q1 2024 Earnings Call Transcript:
以下是PHX礦業公司（PHX）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Despite a 40% drop in natural gas prices from the previous year, PHX reported steady, positive adjusted EBITDA and cash flow.
Royalty volumes were down slightly year-over-year and sequentially.
EBITDA was down significantly year-over-year but increased slightly compared to the previous quarter, reflecting the company's strong hedging program.
PHX was able to pay dividends, reduce debt, and close on acquisitions worth approximately $1.1 million, $2 million, and $1.5 million, respectively.
Total corporate production decreased by 6% compared to the prior quarter, and revenues from natural gas, oil, and NGL sales have decreased by 17% to $7.1 million.
Net loss for the quarter was $200,000 or negative $0.01 per diluted share.
PHX reduced total debt to $30.75 million by the end of Q1 2024.
儘管天然氣價格比上年下降了40％，但PHX報告了穩定、正的調整後息稅折舊攤銷前利潤和現金流。
特許權使用費金額同比略有下降，環比下降。
息稅折舊攤銷前利潤同比大幅下降，但與上一季度相比略有增加，這反映了該公司強勁的套期保值計劃。
PHX得以支付股息，減少債務，並完成分別價值約110萬美元、200萬美元和150萬美元的收購。
與上一季度相比，企業總產量下降了6％，天然氣、石油和液化天然氣銷售收入下降了17％，至710萬美元。
該季度的淨虧損爲20萬美元，攤薄後每股虧損0.01美元。
到2024年第一季度末，PHX將總債務減少至3,075萬美元。
Business Progress:
業務進展：
The company is replenishing its existing PDP reserve base through well conversions and is expecting positive macro events in the near future.
PHX reported a significant increase in new wells online with plans to increase Haynesville locations converting to PDP in the coming years.
The company has spent roughly $130 million acquiring a solid mineral position in the SCOOP and Haynesville since 2020 and continues to focus on acquiring minerals in the core of their focus area with near-term development potential.
PHX Minerals is viewing a potential increase of around 5-5.5 BCF a day in Haynesville production over the next three years and expects larger public operators to drive development due to their large leasehold positions.
The company will continue to participate in investor marketing activities and conferences to maintain investor relations, remaining committed to its strategy of focusing on natural gas.
該公司正在通過油井轉換來補充其現有的PDP儲備基礎，並預計在不久的將來會出現積極的宏觀事件。
PHX報告稱，在線新油井顯著增加，並計劃在未來幾年內增加海恩斯維爾改爲PDP的地點。
自2020年以來，該公司已花費約1.3億美元收購了SCOOP和海恩斯維爾的固體礦產頭寸，並將繼續專注於收購其重點領域核心具有短期開發潛力的礦產。
PHX Minerals預計，未來三年海恩斯維爾每天的產量可能增加約5-550億立方英尺，並預計大型公共運營商將由於擁有大量租賃權而推動開發。
該公司將繼續參與投資者營銷活動和會議，以維護投資者關係，繼續致力於其專注於天然氣的戰略。
More details: PHX Minerals IR
更多詳情： PHX 礦業 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
