PHX Minerals Soars 10% to 2022 High on WhiteHawk Acquisition

PHX Minerals (PHX) closed flat today, with the share price rising to its highest level since November 2022, despite an intraday decline.

The strategy of buying PHX shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized gain. However, the overall performance was slightly underwhelming, with a 5-year total return of 38.46%, compared to the SPY ETF's return of 42.58%. This suggests that while the strategy provided some growth, it may not have fully capitalized on broader market gains. The recent high-then-hold approach offered some stability, but the lower overall return indicates it may not be the most efficient use of capital during this period.

PHX Minerals' stock price has been influenced by significant corporate developments. On May 19, 2025, WhiteHawk Energy announced its acquisition of PHX Minerals for $187 million. This acquisition is set to expand WhiteHawk's presence in the Haynesville Shale, adding approximately 1.8 million gross unit acres of high-quality natural gas mineral and royalty assets. This strategic move is expected to enhance WhiteHawk's operational capabilities and financial performance, which in turn could positively impact PHX Minerals' stock price.