PHX Energy Services Q2 2024 Earnings Report

PHX Energy Services EPS Results

• Actual EPS: C$0.26
• Consensus EPS: C$0.20
• Beat/Miss: Beat by +C$0.06
• One Year Ago EPS: N/A

PHX Energy Services Revenue Results

• Actual Revenue: $154.23 million
• Expected Revenue: $149.00 million
• Beat/Miss: Beat by +$5.23 million
• YoY Revenue Growth: N/A

PHX Energy Services Announcement Details

• Quarter: Q2 2024
• Date: 8/6/2024
• Time: N/A

PHX Energy Services (TSE:PHX) provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole. In addition, it offers directional drilling and motor rentals, survey management, and Gyro surveying services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.