PHX Minerals Inc. (NYSE:PHX) Q2 2022 Earnings Conference Call May 10, 2022 11:00 AM ET

Company Participants

Danielle Mezo - VP, Engineering

Chad Stephens - President and CEO

Ralph D’Amico - VP and CFO

Conference Call Participants

Operator

Good day, everyone and welcome to the PHX Minerals 2022 Second Fiscal Quarter Earnings Conference Call. Today’s conference is being recorded.

I would now like to turn the call over to Ralph D’Amico. PHX’s Vice President and Chief Financial Officer. Please go ahead.

Ralph D’Amico

Thank you for joining us today to discuss our 2022 second fiscal quarter results. With me on the call today for prepared remarks, are Chad Stephens, President and Chief Executive Officer and Danielle Mezo, Vice President of Engineering. After prepared remarks, we will open up the call to a Q&A session. The earnings press release that was issued earlier yesterday is also posted on the Investor Relations website.

Before I turn the call over to Chad, I’d like to remind everyone that during today’s call, including the Q&A session, we may make forward-looking statements regarding expected revenue, earnings, future plans, opportunities and other expectations of the company. These estimates and plans and other forward-looking statements involve both known and unknown risks and uncertainties that may cause actual results to be materially different from those expressed or implied on the call. These risks are detailed in our most recent annual report on Form 10-K as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q or other reports filed with the Securities and Exchange Commission. The statements made during this conference call are based upon information known to PHX. As of the date and time of this call PHX assumes no obligation to update the information presented in today’s call.

With that, I’d like to turn the call over to Chad Stephens. PHX’s Chief Executive Officer.

Chad Stephens

Thanks Ralph. And thanks to everyone on the line for participating in PHX’s 2022 second quarter conference call. We sincerely appreciate your time and your continued interest in the company. We have made remarkable progress over the last two years implementing our strategy to proactively pursue the acquisition of minerals in our core areas of focus having closed almost 55 million in transactions since September 2020. As part of this strategy, we have focused on hydrating our asset base by divesting of our lower valued mature, non-operated working interest wells and undeveloped marginal minerals and redeploying the proceeds in higher margin mineral acquisition efforts.