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PHX Energy Services ( (TSE:PHX) ) has issued an announcement.
PHX Energy Services announced record-breaking revenue for the fourth quarter and the entire year, with consolidated revenue reaching $178.7 million. Despite the revenue growth, the company’s profitability declined due to increased equipment repair expenses and lower gains from the sale of drilling equipment. The US division contributed significantly to the revenue, while the Canadian division saw its highest fourth-quarter revenue since 2014.
More about PHX Energy Services
PHX Energy Services is a company operating in the energy sector, primarily providing services related to drilling and motor equipment. The company focuses on both the US and Canadian markets, with a significant portion of its revenue generated from its US division.
YTD Price Performance: -5.29%
Average Trading Volume: 60,038
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$407.3M
For detailed information about PHX stock, go to TipRanks’ Stock Analysis page.