PHX Minerals Inc. reported earnings of $9.6 Million in the first quarter.
The Texas-based company reported a profit of 27 cents a share. The adjusted earnings per share, after non-recurring gains were 11 cents.
The results exceeded Wall Street expectations. Zacks Investment Research surveyed three analysts and found that the average estimate was 7 cents for each share.
The company reported revenue of 16 million dollars for the period. The adjusted revenue of $11.9 million was also higher than Street expectations. Zacks surveyed three analysts who expected $11million.
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