PHX Energy Services Corp.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Michael Leslie Buker
- Full Time Employees
- 971
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- 1600, 215 9th Avenue SW Calgary AB Canada T2P 1K3
- IPO Date
- Sep 27, 1996
- Website
- phxtech.com
- Similar Companies
- Business
- PHX Energy Services Corp. PHX Energy Services Corp. is a Canada-based oil and natural gas services company that, through its directional drilling subsidiary Phoenix Technology Services, 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 principally in Canada, the United States, Albania, the Middle East regions, and internationally. The company offers Atlas motors; Velocity Real-Time Systems for downhole guidance; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System and E-360 EM MWD System, measurement-while-drilling tools; 360 CV MWD System for real-time inclination and gamma surveys; 360 RWD System, a resistivity-while-drilling sub; and North Seeking Gyro for downhole QA/QC checks; in addition to survey management, Gyro surveying, and motor rental services. PHX Energy Services Corp. operates in the Western Canadian Sedimentary Basin and U.S. regions including the Gulf Coast, Northeast, and Rocky Mountains; employs approximately 924 personnel; was founded in 1995 and is headquartered in Calgary, Alberta. Formerly known as Phoenix Technology Income Fund, the company trades on the Toronto Stock Exchange under the symbol PHX. In 2025, PHX Energy increased its capital expenditure budget multiple times, from an initial $50 million to $55 million in February and an additional $10 million in May, targeting $65 million overall with $40 million for growth in RSS fleet, Real Time RSS Communications technology, Velocity systems, and performance drilling motors; as of March 31, 2025, it held $33.2 million in capital commitments for equipment delivery primarily in Q2 2025; the company also reported all-time record quarterly revenue in Q1 2025 and announced Q3 2025 results with ongoing fleet expansion.
Company News
PHX Energy Services Corp. Announces Quarterly Dividend
PHX Energy Announces a Special Dividend and Record Fourth Quarter and Annual Revenue Supported by Strong RSS Activity
PHX Energy Services: Strong Cash Flows Fully Cover Generous Dividends
PHX Energy Announces Third Quarter Results & 2026 Capital Expenditure Budget
PHX Energy Receives TSX Approval for Renewal of Normal Course Issuer Bid
PHX Energy Announces Second Quarter Results and Record Second Quarter Revenue
PHX Energy Services: Raking In Dividends While Waiting For Share Price Appreciation
PHX Energy Services Corp. Announces Quarterly Dividend
John M. Hooks Decreases Ownership of PHX Energy Services Corp. Below 10%
PHX Energy Announces Annual Meeting Voting Results for Election of Directors
PHX Energy Announces All-Time Record Revenue, and Strong Profitability
PHX Energy Services Corp. Announces Quarterly Dividend
PHX Energy Announces All-Time Record Fourth Quarter and Annual Revenue and Strong Financial Results
PHX Energy Announces Leadership Succession
PHX Energy Services Corp. Announces Quarterly Dividend
PHX Energy Announces Third Quarter Results and Preliminary 2025 Capital Expenditures Program
PHX Energy Services Corp. Announces Quarterly Dividend and is Recognized as TSX30™ 2024 Winner
PHX Energy Receives TSX Approval for Renewal of Normal Course Issuer Bid
PHX Energy Announces Solid Second Quarter Results
CEO's Ownership of PHX Energy Services Corp. Increases Above 10%