TEXAS, Texas (AP) — TEXAS, Texas (AP) — PHX Minerals Inc. (PHX) on Wednesday reported third-quarter net income of $1.9 million.
The Texas, Texas-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The oil and gas company posted revenue of $9.2 million in the period. Its adjusted revenue was $8.9 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $9.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHX at https://www.zacks.com/ap/PHX