PHX Minerals Management

Management criteria checks 2/4

PHX Minerals' CEO is Chad Stephens, appointed in Aug 2019, has a tenure of 4.75 years. total yearly compensation is $2.82M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 3.23% of the company’s shares, worth €3.48M. The average tenure of the management team and the board of directors is 4.1 years and 5 years respectively.

Key information

Chad Stephens

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	14.2%
CEO tenure	4.8yrs
CEO ownership	3.2%
Management average tenure	4.1yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chad Stephens's remuneration changed compared to PHX Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$4m
Dec 31 2023	US$3m	US$400k	US$14m
Sep 30 2023	n/a	n/a	US$15m
Jun 30 2023	n/a	n/a	US$22m
Mar 31 2023	n/a	n/a	US$31m
Dec 31 2022	US$441k	US$94k	US$17m
Sep 30 2022	n/a	n/a	US$20m
Jun 30 2022	n/a	n/a	US$7m
Mar 31 2022	n/a	n/a	-US$2m
Dec 31 2021	n/a	n/a	US$1m
Sep 30 2021	US$1m	US$345k	-US$6m
Jun 30 2021	n/a	n/a	-US$4m
Mar 31 2021	n/a	n/a	-US$6m
Dec 31 2020	n/a	n/a	-US$26m
Sep 30 2020	US$1m	US$419k	-US$24m
Jun 30 2020	n/a	n/a	-US$78m
Mar 31 2020	n/a	n/a	-US$70m
Dec 31 2019	n/a	n/a	-US$52m
Sep 30 2019	US$689k	US$58k	-US$41m
Jun 30 2019	n/a	n/a	US$16m
Mar 31 2019	n/a	n/a	US$11m
Dec 31 2018	n/a	n/a	US$14m
Sep 30 2018	US$95k	n/a	US$15m
Jun 30 2018	n/a	n/a	US$15m
Mar 31 2018	n/a	n/a	US$17m
Dec 31 2017	n/a	n/a	US$20m
Sep 30 2017	US$22k	n/a	US$4m

Compensation vs Market: Chad's total compensation ($USD2.82M) is above average for companies of similar size in the German market ($USD385.89K).

Compensation vs Earnings: Chad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Chad Stephens (67 yo)

4.8yrs

Tenure

US$2,816,505

Compensation

Mr. Chad L. Stephens, III, has been Chief Executive Officer and President of PHX Minerals Inc. (formerly known as Panhandle Oil and Gas Inc.). since January 16, 2020. He served as Interim Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chad Stephens	President	4.8yrs	US$2.82m	3.23% $ 3.5m
Raphael D'Amico	Executive VP & CFO	4.2yrs	US$1.28m	1.46% $ 1.6m
Chad True	Senior VP of Accounting & Corporate Secretary	4yrs	no data	0.21% $ 221.6k
Taylor McClain	Vice President of Geology	less than a year	no data	no data
Danielle Mezo	Vice President of Engineering	no data	no data	no data

4.1yrs

Average Tenure

37yo

Average Age

Experienced Management: 5AH's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chad Stephens	President	6.7yrs	US$2.82m	3.23% $ 3.5m
John Pinkerton	Independent Director	3.3yrs	US$174.10k	0.26% $ 279.9k
Mark Behrman	Independent Chairman	7.2yrs	US$198.94k	0.48% $ 520.1k
Lee Canaan	Independent Director	9.2yrs	US$176.19k	0.31% $ 330.5k
Steven Packebush	Independent Director	2.1yrs	US$165.37k	0.43% $ 466.0k
Glen Brown	Independent Director	3.2yrs	US$174.76k	0.28% $ 304.4k

5.0yrs

Average Tenure

66yo

Average Age

Experienced Board: 5AH's board of directors are considered experienced (5 years average tenure).

PHX Minerals Management

Management criteria checks 2/4

Key information

Recent management updates

PHX Minerals Inc., Annual General Meeting, May 16, 2024

Insufficient new directors

Independent Chairman recently bought €68k worth of stock

PHX Minerals Inc., Annual General Meeting, Mar 06, 2023

President recently bought €88k worth of stock

President recently bought €82k worth of stock

Recent updates

New minor risk - Profit margin trend

First quarter 2024 earnings released: US$0.005 loss per share (vs US$0.27 profit in 1Q 2023)

PHX Minerals Inc. to Report Q1, 2024 Results on May 08, 2024

PHX Minerals Inc., Annual General Meeting, May 16, 2024

New major risk - Revenue and earnings growth

Insufficient new directors

Independent Chairman recently bought €68k worth of stock

New minor risk - Earnings quality

PHX Minerals Inc. Provides Production Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$0.39 (vs US$0.49 in FY 2022)

PHX Minerals Inc. Announces Quarterly Dividend, Payable on March 29, 2024

PHX Minerals Inc. to Report Fiscal Year 2023 Results on Mar 12, 2024

Upcoming dividend of US$0.03 per share at 2.7% yield

New major risk - Revenue and earnings growth

PHX Minerals Inc. Announces Increase Fixed Quarterly Dividend, Payable on Dec. 7, 2023

PHX Minerals Inc. to Report Q4, 2023 Results on Nov 08, 2023

PHX Minerals Inc. (NYSE:PHX) agreed to acquire Approximately 988 net royalty acres in Louisiana and Texas and the SCOOP play in Oklahoma from five separate sellers for $13.6 million .

Upcoming dividend of US$0.022 per share at 2.7% yield

Whitehawk Makes Merger Offer to Phx Minerals

Third quarter 2023 earnings released: US$0.001 loss per share (vs US$0.25 profit in 3Q 2022)

PHX Minerals Inc. Announces Quarterly Dividend, Payable on Sept. 8, 2023

PHX Minerals Inc. to Report Q3, 2023 Results on Aug 08, 2023

PHX Minerals Inc. Reports Impairment of Producing Properties for the Three Months Ended March 31, 2023

First quarter 2023 earnings released: EPS: US$0.094 (vs US$0.20 in 1Q 2022)

PHX Minerals Inc. Provides Production Guidance for the Year of 2023

Upcoming dividend of US$0.022 per share at 2.7% yield

An unknown buyer completed the acquisition of Non-operated legacy working interest wellbores in the Arkoma Basin from PHX Minerals Inc. (NYSE:PHX).

PHX Minerals Inc. to Report Q1, 2023 Results on Feb 08, 2023

PHX Minerals Inc., Annual General Meeting, Mar 06, 2023

An unknown buyer agreed to acquire The Arkoma Basin from PHX Minerals Inc. (NYSE:PHX).

Full year 2022 earnings released: EPS: US$0.59 (vs US$0.24 loss in FY 2021)

PHX Minerals Inc. Announces Quarterly Dividend, Payable on March 3, 2023

Upcoming dividend of US$0.02 per share

PHX Minerals Inc. to Report Fiscal Year 2022 Results on Dec 13, 2022

PHX Minerals Inc. Declares Quarterly Dividend, Payable on December 7, 2022

An unknown buyer completed the acquisition of non-operated working interest position in the Fayetteville Shale of Arkansas of PHX Minerals Inc. (NYSE:PHX).

Investor sentiment improved over the past week

Upcoming dividend of US$0.02 per share

Third quarter 2022 earnings released

An unknown buyer entered into a purchase and sale agreement to acquire non-operated working interest position in the Fayetteville Shale of Arkansas of PHX Minerals Inc. (NYSE:PHX) for approximately $6 million.

PHX Minerals Inc. Announces Quarterly Dividend, Payable on September 9, 2022

PHX Minerals Inc. to Report Q3, 2022 Results on Aug 04, 2022

President recently bought €88k worth of stock

Second quarter 2022 earnings released: US$0.12 loss per share (vs US$0.022 loss in 2Q 2021)

PHX Minerals Inc. Announces Quarterly Dividend, Payable on June 3, 2022

PHX Minerals Inc. to Report Q2, 2022 Results on May 09, 2022

PHX Minerals Inc. (NYSE:PHX) agreed to acquire 506 Net Royalty Acres in Louisiana for $5.1 million.

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

PHX Minerals Inc. Reports Impairment of Producing Properties for the First Quarter Ended December 31, 2021

Upcoming dividend of US$0.015 per share

PHX Minerals Inc. to Report Q1, 2022 Results on Feb 14, 2022

PHX Minerals Inc. (NYSE:PHX) completed the acquisition of Mineral and Royalty Assets of 426 Net Royalty Acres in Haynesville of Palmetto Investment Partners II, LLC.

President recently bought €82k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

PHX Minerals Inc. (NYSE:PHX) agreed to acquire Remainder of the assets of 426 net royalty acres from Palmetto Investment Partners II, LLC for $0.6017 million.

Two unknown buyers acquired Two packages of assets totaling 193 non-operated legacy working interest wellbores from PHX Minerals Inc. (NYSE:PHX) for appoximately $2.5 million.

PHX Minerals Inc. (NYSE:PHX) completed the acquisition of Remainder Portion of Certain Mineral and royalty assets located in Haynesville Play from Palmetto Investment Partners II, LLC for $7 million.

PHX Minerals Inc. Approves Dividend, Payable on June 4, 2021

PHX Minerals Inc. (NYSE:PHX) completed the acquisition of certain mineral and royalty assets in Stephens, Carter, Canadian, McClain, Murray and Oklahoma for $11.7 million.

Independent Director recently bought €133k worth of stock

PHX Minerals Inc. Elects Glen A. Brown as Director for A Term of Three Years

Upcoming Dividend of US$0.01 Per Share

First quarter 2021 earnings released: US$0.026 loss per share (vs US$0.12 profit in 1Q 2020)

Revenue misses expectations

New 90-day high: €2.82

PHX Minerals Inc. to Report Q1, 2021 Results on Feb 08, 2021

PHX Minerals Inc. Appoints John H. Pinkerton to Board of Directors, Effective Feb. 1, 2021

PHX Minerals Inc., Annual General Meeting, Mar 02, 2021

An unknown buyer acquired 5,925 Open and Non-producing net mineral acres in Northwest Oklahoma from PHX Minerals Inc. (NYSE:PHX).