PHX Energy Services Achieves Record Revenue and Strong Profitability in Q1 2025

PHX Energy Services ( (TSE:PHX) ) has shared an update.

PHX Energy Services reported record revenue of $193.7 million for the first quarter of 2025, marking a 17% increase from the previous year. The company’s profitability was driven by growth in high-margin RSS and motor rental revenue streams, particularly in the US and Canada. The US division achieved a record quarterly revenue of $136.1 million, while the Canadian division reported its highest quarterly revenue since 2014. The company declared a dividend of $0.20 per share and announced a $10 million increase in its capital expenditure budget, aiming to expand its RSS fleet and Real Time RSS Communications technology.

Spark’s Take on TSE:PHX Stock

According to Spark, TipRanks’ AI Analyst, TSE:PHX is a Neutral.

PHX Energy Services demonstrates robust financial performance and attractive valuation metrics, which are significant strengths. However, technical analysis points to a bearish trend, which tempers the overall score. The recent corporate events, while positive, do not substantially alter the stock’s immediate outlook.

To see Spark’s full report on TSE:PHX stock, click here.

More about PHX Energy Services

PHX Energy Services is a company operating in the energy services industry, primarily providing advanced drilling technology and services. Its main products include Rotary Steerable Systems (RSS) and motor rental services, with a significant market focus in the United States and Canada.

Average Trading Volume: 69,088

Technical Sentiment Signal: Sell

Current Market Cap: C$352.7M

For detailed information about PHX stock, go to TipRanks’ Stock Analysis page.