PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. - 31 Mar 2025 SCHEDULE 13G/A Report for PHX MINERALS INC. Common Stock (PHX)

Filing Manager: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
Reporting Manager: Punch & Associates Investment Management, Inc.
Security: PHX MINERALS INC. Common Stock
Symbol: PHX
Shares outstanding: 37,672,238 shares
Disclosed Ownership: 1,582,234 shares
Ownership: 4.2%
Form type: SCHEDULE 13G/A
Filing time: 15 May 2025, 09:15:04 UTC
Date of event: 31 Mar 2025
SEC: View on sec.gov

Reporting Managers (1)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Punch & Associates Investment Management, Inc.	4.2%	1,582,234	1,582,234	0	/s/ Howard D. Punch, Jr.	Howard D. Punch, Jr./Chief Investment Officer