PHX Energy Services Corp. (T:PHX)
Business Focus: Oil & Gas Drilling (NEC)
| Sector: Energy | Industry: Oil & Gas Drilling |
| Company Contact | |
| Address: | 1600, 215 9th Avenue SW CALGARY AB T2P 1K3 |
| Tel: | N/A |
| Website: | https://www.phxtech.com |
| IR: | See website |
| Key People | ||
| John M. Hooks Chairman of the Board, Chief Executive Officer | Michael Buker President | 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 services and technologies to oil and natural gas exploration and development companies. The Company reports three operating segments on a geographical basis throughout the Gulf Coast, Northeast and Rocky Mountain regions of the United States, throughout the Western Canadian Sedimentary Basin, and internationally in Albania. Its technologies include PowerDrive Orbit Rotary Steerable System (RSS), Velocity Real-Time System, Echo system, PowerDrive Orbit RSS, P-360 Measurement While Drilling (MWD) system and others. It also supplies technology to the Middle East regions. Its Canadian directional drilling operations are conducted through Phoenix Technology Services LP. Its United States operations, conducted through its wholly owned subsidiary, Phoenix Technology Services USA Inc. (Phoenix USA). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, PHX Energy Services Corp revenues increased 23% to C$656.3M. Net income before extraordinary items increased from C$44.3M to C$98.6M. Revenues reflect United States segment increase of 17% to C$496.5M, Canada segment increase of 43% to C$155.5M. Net income benefited from Net gain (loss) on disposition of drilli increase of 61% to C$31.3M (income). |
| Employees: | 843 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $447.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $656.34M as of Dec 31, 2023 |
| EBITDA (TTM): | $114.72M as of Dec 31, 2023 |
| Net annual income (TTM): | $98.58M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $28.34M as of Dec 31, 2023 |
| Shares outstanding: | 47,491,304 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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