Alva Review-Courier -

Panhandle Oil & Gas: Fiscal 3Q Earnings Snapshot


August 14, 2020

OKLAHOMA CITY (AP) _ Panhandle Oil and Gas Inc. (PHX) on Thursday reported a fiscal third-quarter loss of $3.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Oklahoma City-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs and asset impairment costs, came to 3 cents per share.

The oil and gas company posted revenue of $2.7 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $2.34. A year ago, they were trading at $11.46.


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