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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.
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 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