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

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