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PHX Energy Services Corp. (T:PHX)

Business Focus: Oil & Gas Drilling (NEC)

Sector:  Energy Industry:  Oil & Gas Drilling
See Regulatory Filings on SEDAR
Company Contact
Address: #1400, 250 - 2nd Street S.W.
Tel: N/A
IR: See website
Key People
John M. Hooks
Chairman of the Board, Chief Executive Officer
Michael Buker
Cameron M. Ritchie
Senior Vice President - Finance, Chief Financial Officer, Corporate Secretary
Jeffery Shafer
Senior Vice President - Sales and Marketing
Craig Brown
Senior Vice President - Engineering and Technology
Business Overview
PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company provides horizontal and directional drilling technology and services to oil and natural gas producing companies. The Company's segments include Canada, United States and International. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia, and Manitoba and throughout the United States in the Gulf Coast, Northeast and Rocky Mountain regions. Its technologies include PowerDrive Orbit Rotary Steerable System (RSS), Atlas Motors, Velocity Real-Time System, Echo system, PowerDrive Orbit RSS, and P-360 Measurement While Drilling (MWD) system. It provides full service horizontal and directional drilling services. It offers gyro surveying services. It also provides survey management service. Its PowerDrive Orbit RSS is a focused push-the-bit RSS.
Financial Overview
For the nine months ended 30 September 2022, PHX Energy Services Corp revenues increased 58% to C$378M. Net income before extraordinary items increased 77% to C$24M. Revenues reflect United States segment increase of 54% to C$297.4M, Canada segment increase of 73% to C$77.8M. Net income benefited from Net gain (loss) on disposition of drilli increase from C$4.3M to C$10.8M (income).
Employees: 707 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $425.43M as of Sep 30, 2022
Annual revenue (TTM): $490.26M as of Sep 30, 2022
EBITDA (TTM): $55.70M as of Sep 30, 2022
Net annual income (TTM): $32.72M as of Sep 30, 2022
Free cash flow (TTM): -$36.43M as of Sep 30, 2022
Net Debt Last Fiscal Year: $32.37M as of Sep 30, 2022
Shares outstanding: 50,907,237 as of Jan 5, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization