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. CALGARY AB T2P 0C1 |
| Tel: | N/A |
| Website: | 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 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 | |
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