PHX Energy Services Corp

Chart & Performance

D1W1MN

P/E

4.25

P/S

0.64

EPS

2.17

Div Yield, %

7.21%

Shrs. gr., 5y

-1.97%

Rev. gr., 5y

15.66%

Revenues

656m

+22.51%

Net income

99m

+122.47%

CFO

97m

+160.83%

Dividend

Sep 27, 20240.2 CAD/sh

Earnings

Feb 25, 2025

Profile

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an 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, as well as performance drilling motors. In addition, it provides survey management, gyro surveying, and directional drilling and motor rentals. 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.

URL

https://www.phxtech.com/

IPO date

Sep 27, 1996

Employees

843

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	656,341 22.51%	535,745 53.11%	349,920 49.71%
Cost of revenue	511,446	429,829	281,039
Unusual Expense (Income)
NOPBT	144,895	105,916	68,881
NOPBT Margin	22.08%	19.77%	19.68%
Operating Taxes	5,070	9,042	3,558
Tax Rate	3.50%	8.54%	5.16%
NOPAT	139,825	96,874	65,323
Net income	98,580 122.47%	44,311 94.99%	22,725 -430.38%
Dividends	(30,189)	(15,148)	(6,291)
Dividend yield	7.07%	3.85%	2.73%
Proceeds from repurchase of equity	(30,014)	(1,606)	(13,133)
BB yield	7.03%	0.41%	5.70%
Debt
Debt current	3,234	2,907	3,233
Long-term debt	78,742	99,174	68,510
Deferred revenue			(2,790)
Other long-term liabilities	4,042	4,462	2,790
Net debt	62,542	80,833	43,913
Cash flow
Cash from operating activities	96,723	37,083	45,431
CAPEX	(64,932)	(74,786)	(37,157)
Cash from investing activities	(20,262)	(47,388)	(23,629)
Cash from financing activities	(77,947)	2,706	(22,718)
FCF	128,069	8,152	64,295
Balance
Cash	16,433	18,247	24,829
Long term investments	3,001	3,000	3,000
Excess cash			10,333
Stockholders' equity	202,801	169,834	124,970
Invested Capital	258,781	243,090	159,970
ROIC	55.72%	48.07%	41.21%
ROCE	52.57%	40.49%	38.34%
EV
Common stock shares outstanding	52,709	50,699	51,666
Price	8.10 4.25%	7.77 74.22%	4.46 76.28%
Market cap	426,939 8.38%	393,933 70.95%	230,431 73.22%
EV	489,481	474,766	274,345
EBITDA	186,654	141,269	98,078
EV/EBITDA	2.62	3.36	2.80
Interest	4,667	3,392	2,621
Interest/NOPBT	3.22%	3.20%	3.81%