PHX Minerals Inc. (NYSE:PHX) Q3 2024 Results Conference Call November 7, 2024 12:00 PM ET

Company Participants

Stephen Lee - Investor Relations for PHX Minerals
Chad Stephens - President and Chief Executive Officer
Ralph D’Amico - Executive Vice President and Chief Financial Officer
Danielle Mezo - Vice President of Engineering

Conference Call Participants

Jeff Grampp - Alliance Global
Charles Meade - Johnson Rice

Operator

Greetings, and welcome to the PHX Minerals, Inc. Third Quarter Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It’s now my pleasure to introduce your host, Stephen Lee, Investor Relations for PHX Minerals. Please go ahead, Stephen.

Stephen Lee

Thank you, operator, and thank you, everyone, for joining us today to discuss PHX Minerals September 30, 2024, quarterly results. Joining us on the call today are Chad Stephens, President and Chief Executive Officer; Ralph D’Amico, Executive Vice President and Chief Financial Officer; and Danielle Mezo, Vice President of Engineering. The earnings press release that was issued yesterday after 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, including the Q&A session, management may make forward-looking statements regarding expected revenue, 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 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 7, 2024, 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 that, I’ll turn the call over to Chad Stephens, PHX’s Chief Executive Officer. Chad?

Chad Stephens

Thanks, Stephen, and thanks to all of you on this call for participating in PHX’s September 30, 2024, quarter-end earnings call. We appreciate your interest. A continuing theme which we have highlighted over the last several quarters is the challenging macro environment in which we operate. This quarter is no different. We are largely a natural gas-focused company. The weather-adjusted natural gas supply-demand macro during the quarter remained bearish.