PHX Minerals Full Year 2024 Earnings: Misses Expectations
Net income: US$2.32m (down 83% from FY 2023).
Profit margin: 6.7% (down from 39% in FY 2023). The decrease in margin was primarily driven by higher expenses.
EPS: US$0.064 (down from US$0.39 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 33%.
The company's shares are up 7.9% from a week ago.
It is worth noting though that we have found 2 warning signs for PHX Minerals that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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E&E News
34 minutes ago
- E&E News
Trump's AI plan meets a stressed American electric grid
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'There's a global competition to lead in artificial intelligence and we want the United States to win that race,' David Sacks, the White House AI and crypto czar, said on a call with reporters. The action plan's provisions were designed to be implemented in six months to a year, said White House Office of Science and Technology Policy Director Michael Kratsios. The White House called for streamlining permitting requirements for new data centers and construction of data centers and power generation on federal land. The plan dictates the prioritization of 'reliable dispatchable power sources' like coal and gas plants, keeping existing generation on the grid and even reforming power markets 'to align financial incentives with the goal of grid stability.' Many of the provisions — including support for AI workforce programs — were backed by the Data Center Coalition, which represents the industry. The plan's 'focus on the removal of barriers to faster data center construction and operation — ranging from power access to supply chains to workforce development — which will allow data center companies to continue investing hundreds of billions of dollars to expand U.S. data center infrastructure across the country,' Josh Levi, the group's president, said in a statement. The group called for Congress to take further action on issues such as permitting. The plan was praised by groups representing industries supported by Trump and companies like telecommunications giant Lumen Technologies, which said cutting regulatory barriers would help build an AI backbone. While the plan mentions a need for 'new energy generation sources at the technological frontier' like geothermal and advanced nuclear, it is silent on wind and solar power. Renewable energy is typically the quickest form of new generation to build and has been a backbone for much of the new data center construction. The U.S. Energy Information Administration has reported that wind, solar and batteries accounted for more than 80 percent of new generation in 2024 and forecast that renewables would be 81 percent of new capacity in 2025. 'Companies are investing in renewables not because they love renewable energy, but because it provides the best return,' said Safak Yucel, associate director of the Business of Sustainability Initiative at Georgetown University. 'And the reason is not subsidies, it's that they're cheaper to run.' Large technology companies are continuing to find any energy source — including renewables — available on the grid. Meta, for example, announced a contract this week to purchase 600 megawatts of solar power from a Texas project developed by Canadian energy giant Enbridge to power its data centers. On Tuesday, OpenAI and Oracle announced next steps for the 'Stargate' project, a company with multiple partners backed by Trump that pledged in January to spend $500 billion in four years to build AI infrastructure in the United States. The companies inked a deal to develop 4.5 gigawatts of additional data center capacity, an amount that is more than double the power used in San Francisco. The companies did not specify where the new facilities would be or which power sources they would use but said parts of an existing data project in Abilene, Texas, tied to Stargate is now 'up and running.' In a research note Wednesday, Bank of America said it expected data centers to help U.S. electricity demand increase 2.5 percent annually over the next decade, almost five times more than the rate from 2014 to 2024. The action plan also came a day after United Nations Secretary-General António Guterres called on major tech firms to power their data centers entirely with renewable energy by 2030, warning that the forecast electricity demand is 'not sustainable — unless we make it so.' 'The future is being built in the cloud,' Guterres said in a speech Tuesday in New York. 'It must be powered by the sun, the wind, and the promise of a better world.' Outside view of the newly completed Meta's Facebook data center in Eagle Mountain, Utah on July 18, 2024. The data center is a complex of five large buildings, each over four football fields long and totaling 2.4 million square feet. | George Frey/AFP via Getty Images Abundance or scarcity? Critics charge that the administration's bid to expand the grid for AI is at odds with the policies coming out of the White House. The budget and tax megalaw signed by Trump earlier this month, for example, slashed tax credits and incentives for wind and solar projects. A forecast from BloombergNEF predicts that new wind, solar and energy storage additions could drop 23 percent through 2030 compared to what would have happened without the law. In all, that would be about 117 fewer gigawatts of new power. The Interior Department has also added new requirements for construction of solar and wind on federal lands, which developers have called a form of sabotage. The AI plan's release also came on the same day that Trump's Department of Energy nixed a conditional federal loan for the Grain Belt Express transmission project. That line, set to be one of the nation's largest new grid projects, would carry renewable energy from the Great Plains to large cities in the East, but had opposition from key Republican lawmakers. 'Their rhetoric doesn't match reality,' said Harry Godfrey, leader of Advanced Energy United's Federal Priorities team. 'They talk a game about energy abundance, yet their actions are fundamentally counter-abundance. They're creating scarcity.' In his speech, Trump talked up the potential of nuclear power to back data centers, calling the technology 'incredible.' But the technology — like advanced geothermal — is years away from commercial viability. Even building a new gas plant is expected to take at least five years because of supply chain backlogs. 'There is no AI revolution without power,' Godfrey said. 'But under this administration, where are you going to get the power?' The AI Action Plan mentions grid management technologies and tools to make existing power lines more efficient. It also calls for 'new and novel ways' for data centers to manage demand during periods of peak demand, a strategy researchers have said could allow more construction without additional generation. 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Transparency is crucial to ensure that the physical infrastructure needed to support AI doesn't threaten our health, energy grid, access to water, and dramatically increase costs,' said Southern Environmental Law Center Climate Initiative Leader Alys Campaigne. The plan, if implemented, could make it harder for communities to obtain important information about nearby data centers, the group said. James Coleman, a law professor at the University of Minnesota, said the language could expedite projects, but it's not a 'silver bullet that gets you out of NEPA review.' Environmentalists could still challenge projects in court if they believe a data center facility did not have adequate environmental review. A court 'is going to make its own interpretation,' no matter what agencies do, he said. At the same time, the Trump administration may be in a better position to win many lawsuits, after the Supreme Court ruled in July that NEPA does not require agencies to consider far-reaching environmental impacts of projects, according to Coleman. Another lingering question is how agencies would look to implement categorical exclusions, since the administration has moved to roll back regulations governing the NEPA process. The Department of Energy issued an interim final rule this year rescinding its NEPA regulations and releasing alternative guidance in its place. 'What does a categorical exclusion mean if you aren't allowed to adopt regulations?' Coleman asked. Tanya Das, the director of artificial intelligence and energy technology policy at the Bipartisan Policy Center, said her organization supported the categorical exclusions to expedite the NEPA process. 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Yahoo
an hour ago
- Yahoo
SoftBank and Trump may not be enough to save Intel
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Yahoo
an hour ago
- Yahoo
US tech stocks hit by concerns over future of AI boom
US tech stocks sold off as warnings that the hype surrounding artificial intelligence could be overdone hit some of the year's Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
