PHX Minerals (US:PHX)2025-03-13 19:23Financial Performance & Valuation - As of December 31, 2024, the company's market capitalization was $151.7 million[9], and its enterprise value was $179 million[9] - The company's liquidity as of December 31, 2024, was $27.1 million[9] - The company's dividend yield was 4%[9], based on an annualized dividend of $0.16 per share[12] - The company's leverage ratio was 1.38x[9], calculated as total debt divided by TTM Adjusted EBITDA[12] - The company's LTM Adjusted EBITDA was $21.3 million[9], with a discretionary cash flow yield of approximately 12%[9] and an LTM ROCE of approximately 8%[9] Asset Base & Strategy - Approximately 70% of the company's 3P reserves are natural gas[9] - The company holds 89,135 net leased royalty acres with an average royalty rate of approximately 16%[9] - The company has completed approximately $139 million in mineral acquisitions[15] - Royalty production volumes are up approximately 278%[15], and 2P royalty reserves are up approximately 130%[15] Debt & Liquidity - Since December 31, 2024, the company has paid down $9.8 million of debt, bringing the debt balance to $19.8 million as of March 5, 2025[12]