phx minerals inc posted higher revenue and swung to a profit in the latest quarter on the back of increased prices and a boost in natural gas production the natural gas and oil mineral company swung to net income of 916 million or 26 cents a share for the fourth quarter ended sept 30 from a loss of 376 million or a loss of 12 cents a share a year earlier revenue soared to 175 million from 407 million analysts polled by factset expected 207 million the company said natural gas oil and ngl revenue increased 81 in the quarter on higher prices and an increase in natural gas volumes which was partially offset by a decrease in oil and ngl volumes phx said increased production in royalty volumes was primarily due to acquisitions and new drilling 2023 should prove to be the final year of this transformative transition as we plan to divest a material portion of our remaining legacy nonoperated working interest assets said chief executive chad stephens