PHX Minerals Inc. (NYSE:PHX) Q4 2023 Earnings Conference Call November 9, 2023 11:00 AM ET

Company Participants

Rob Fink - FNK Investor Relations

Chad Stephens - President and Chief Executive Officer

Danielle Mezo - Vice President, Engineering

Ralph D'Amico - SVP, Chief Financial Officer and Corporate Secretary

Conference Call Participants

Derrick Whitfield - Stifel

Charles Meade - Johnson Rice

Jeff Grampp - Alliance Global Partners

Donovan Schafer - Northland Capital Markets

Operator

Good morning and thank you for attending today's PHX Minerals September 30, 2023 Quarter End Earnings Conference Call. At this time, all lines will be muted during the presentation of the call with an opportunity for Q&A at the end. As a reminder, this call is being recorded.

I would now like to turn the call over to Rob Fink with FNK, IR. Please go ahead.

Rob Fink

Thank you operator. Hosting the call today are Chad Stephens, President and Chief Executive Officer; Ralph D'Amico, Senior Vice President and Chief Financial Officer; Danielle Mezo, Vice President of Engineering. The earnings press release that was issued yesterday after the close is also posted on PHX's Investor Relations website.

Before I turn the call over to Chad, I'd like to remind everyone that during today's call and during the Q&A session, management may make forward-looking statements regarding expected revenues, earnings, future plans, opportunities, and other expectations of the company. These estimates and other forward-looking statements involve 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 PHX Minerals' 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 call are based upon information known to PHX as of today, November 9, 2023 and the company does not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

With all that said, I'd like to now turn the call over to Chad. Chad, the call is yours.

Chad Stephens

Thanks Rob and thanks to all of you on this call for participating in PHX's September 30, 2023 quarterly conference call. We appreciate your interest in the company. The sequential improvement in our financial results and the continued strengthening of our portfolio reflect the steady normalization of the natural gas macro environment, which has recovered from historically low prices. Since early this spring we have continued to express our rationale for projected improvement in the natural gas supply-demand, macro and price. Just over the last few weeks, the 12-month strip price has shown steady improvement.