PHX MINERALS INC. Reports Fourth Quarter And Fiscal 2020 Results And Announces Dividend Payment

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Panhandle Oil And Gas (PHX) Reports Q4 Loss of $0.07, Revenues Miss

December 10, 2020 4:34 PM EST

Panhandle Oil And Gas (NYSE: PHX) reported Q4 EPS of ($0.07), versus ($3.35) reported last year. Revenue for the quarter came in at $4.37 million versus the consensus estimate of $10.7 million.

Chad L. Stephens, President and CEO, commented, "In many respects, the COVID-19 pandemic impacted the energy industry harder than any other major sector of the U.S. economy in 2020. While natural gas and oil prices have rebounded recently, 2020 saw some of the largest price declines in decades causing producers to quickly shut-in production, slash capital investments and significantly... More