Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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 company, which 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 six months ended 30 June 2022, PHX Energy Services Corp revenues increased 63% to C$238.4M. Net income before extraordinary items decreased 8% to C$8.6M. Revenues reflect United States segment increase of 58% to C$187.2M, Canada segment increase of 82% to C$46.8M. Net income was offset by Stock-based Compensation in SGA increase from C$2.8M to C$12.8M (expense), Selling.
Employees: 707 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $343.98M as of Jun 30, 2022
Annual revenue (TTM): $443.97M as of Jun 30, 2022
EBITDA (TTM): $45.34M as of Jun 30, 2022
Net annual income (TTM): $21.54M as of Jun 30, 2022
Free cash flow (TTM): -$21.60M as of Jun 30, 2022
Net Debt Last Fiscal Year: $37.12M as of Jun 30, 2022
Shares outstanding: 50,378,074 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization