PHX Energy Services Corp. (T:PHX)
Business Focus: Oil & Gas Drilling
| 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 | Daniel Blanchard Vice President - Executive Sales |
| Business Overview |
| PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia. The Company's segments include Canada, United States and International. The Company provides electronic drilling recorder (EDR) technology and services. The Company also develops and manufactures technologies that are made available for internal operational use. Its Canadian directional drilling operations are conducted through Phoenix Technology Services LP. The Company markets its EDR technology and services in Canada through its division, Stream Services. Its operations in the United States are conducted through its subsidiary, Phoenix Technology Services USA Inc. |
| Financial Overview |
| For the six months ended 30 June 2021, PHX EnergyServices Corp revenues increased 2% to C$144.3M. Net incomebefore extraordinary items totaled C$9.8M vs. loss ofC$7.4M. Revenues reflect United States segment increase of5% to C$118.6M. Net Income reflects Impairment lossdecrease from C$10.7M (expense) to C$0K, Provision for baddebts decrease from C$2.7M (expense) to C$265K (income).Dividend per share totaled to C$0.05. |
| Employees: | 438 as of Dec 31, 2020 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $278.57M as of Jun 30, 2021 |
| Annual revenue (TTM): | $228.26M as of Jun 30, 2021 |
| EBITDA (TTM): | $26.62M as of Jun 30, 2021 |
| Net annual income (TTM): | $11.12M as of Jun 30, 2021 |
| Free cash flow (TTM): | $4.04M as of Jun 30, 2021 |
| Net Debt Last Fiscal Year: | $16.22M as of Jun 30, 2021 |
| Shares outstanding: | 49,890,299 as of Sep 22, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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