Ad blocking detected

Thank you for visiting CanadianInsider.com. 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
JOIN THE CLUB

* 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
 
Company Contact
Address: #1400, 250 - 2nd Street S.W.
CALGARY AB T2P 0C1
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 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 2023, PHX Energy Services Corp revenues increased 37% to C$321.6M. Net income before extraordinary items increased from C$10.5M to C$40.5M. Revenues reflect United States segment increase of 34% to C$250.6M, Canada segment increase of 47% to C$68.7M. Net income benefited from Net gain (loss) on disposition of drilli increase from C$3.1M to C$15.5M (income).
Employees: 843 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $431.45M as of Jun 30, 2023
Annual revenue (TTM): $621.82M as of Jun 30, 2023
EBITDA (TTM): $101.92M as of Jun 30, 2023
Net annual income (TTM): $74.33M as of Jun 30, 2023
Free cash flow (TTM): -$38.63M as of Jun 30, 2023
Net Debt Last Fiscal Year: $45.99M as of Jun 30, 2023
Shares outstanding: 48,654,237 as of Sep 18, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization