PHX Minerals (PHX Minerals) Retained Earnings : $80.02 Mil (As of Dec. 2023)

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What is PHX Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PHX Minerals's retained earnings for the quarter that ended in Dec. 2023 was $80.02 Mil.

PHX Minerals's quarterly retained earnings increased from Jun. 2023 ($77.56 Mil) to Sep. 2023 ($78.62 Mil) and increased from Sep. 2023 ($78.62 Mil) to Dec. 2023 ($80.02 Mil).

PHX Minerals's annual retained earnings increased from Sep. 2021 ($48.97 Mil) to Sep. 2022 ($67.12 Mil) and increased from Sep. 2022 ($67.12 Mil) to Dec. 2023 ($80.02 Mil).

PHX Minerals Retained Earnings Historical Data

The historical data trend for PHX Minerals's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PHX Minerals Retained Earnings Chart

PHX Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Dec23

Retained Earnings

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81.85

56.24

48.97

67.12

80.02

PHX Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															68.93	78.43	77.56	78.62	80.02

PHX Minerals Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

PHX Minerals (NYSE:PHX) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

PHX Minerals (PHX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Minerals Inc (NYSE:PHX) » Definitions » Retained Earnings

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5AH:Germany

Address

1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107

Website

https://www.phxmin.com

PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.

Executives

Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Chad True	officer: Principal Accounting Officer	2113 NW 59TH PLACE, OKLAHOMA CITY OK 73112
Raphael D'amico	officer: VP - Business Development	5400 NORTH GRAND BOULEVARD, SUITE 300, OKLAHOMA CITY OK 73112
Chad L Stephens	director	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Srp Capital Advisors, Llc	10 percent owner	3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Steven L Packebush	director	3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238
Peter B Delaney	director	P.O. BOX 321, OKLAHOMA CITY OK 73101
Christopher T. Fraser	director	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Glen A Brown	director	P.O. BOX 268836, OKLAHOMA CITY OK 73126
William T Fennebresque	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Srpo-ii Manager, Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Cwep-srpoii Investments, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners Ii, Llc	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Ryan A Turner	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219