PHX MINERALS INC. Reports First Quarter 2021 Results

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Panhandle Oil And Gas (PHX) Misses Q1 EPS by 2c, Revenues Beat

February 8, 2021 4:36 PM EST

Panhandle Oil And Gas (NYSE: PHX) reported Q1 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $6.19 million versus the consensus estimate of $6 million.

SUMMARY OF RESULTS FOR THE PERIOD ENDED DEC. 31, 2020, AND SUBSEQUENT EVENTS

Production volumes for the first fiscal quarter of 2021 were 2,074 Mmcfe, up from 2,038 Mmcfe in the fourth fiscal quarter of 2020 and down from 2,278 Mmcfe in the first fiscal quarter of 2020.Net loss in the first fiscal quarter of 2021 was $0.6 million, or $0.03 per share, as compared to net income of $1.9 million, or... More