SCHEDULE: Beryl Capital Exits PHX Minerals Stake

Beryl Capital Management and its affiliates have fully divested their beneficial ownership in PHX Minerals Inc., now holding 0% of common stock.

Summary

• Beryl Capital Management LLC, Beryl Capital Management LP, Beryl Capital Partners II LP, and David A. Witkin have filed an Amendment No. 1 to Schedule 13G.
• The filing indicates that as of June 30, 2025, the reporting persons collectively hold 0% of the Common Stock of PHX MINERALS INC.
• This amendment signifies a complete divestment of their previously reported beneficial ownership in the company.
• The reporting persons disclaim beneficial ownership of Common Stock except to the extent of their pecuniary interest therein, and the Partnership disclaims beneficial ownership as defined in Rule 13d-3.

Sentiment

Score: 5

Explanation: The filing is neutral in its direct content, as it is a factual report of ownership change. However, the complete divestment by an institutional investor could be interpreted with a slightly negative sentiment by the market regarding the issuer.

Negatives

• A significant institutional investor, Beryl Capital Management and its affiliates, has fully divested its stake in PHX Minerals Inc., which could be perceived negatively by the market.

Risks

• The complete divestment by an institutional investor may lead to negative market sentiment or increased selling pressure on PHX Minerals Inc. shares.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding PHX Minerals Inc.'s future performance or operations. It solely reports a change in beneficial ownership by an investment entity.

Industry Context

This filing reflects a portfolio adjustment by Beryl Capital Management, an investment firm, indicating their exit from a position in PHX Minerals Inc. It does not provide insights into broader industry trends for the oil and gas or mineral rights sectors, but rather a specific investment decision by one entity.

Stakeholder Impact

• Shareholders: The divestment by Beryl Capital Management could lead to increased selling pressure or a negative perception, potentially impacting share price.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this ownership change filing.

Key Dates

Keywords

PHX Minerals Inc., Beryl Capital Management, Schedule 13G/A, Beneficial Ownership, Divestment, Common Stock, Institutional Investor