PHX Energy Services Achieves Record Second-Quarter Revenue Amidst Operational Challenges

PHX Energy Services ( (TSE:PHX) ) has provided an announcement.

PHX Energy Services reported a record second-quarter revenue of $167.7 million for 2025, marking a 9% increase from the previous year. Despite the revenue growth, the company faced challenges with a 9% decrease in adjusted EBITDA due to higher equipment costs and inventory obsolescence. The US division saw a 10% revenue increase, while the Canadian division achieved a 4% revenue rise despite a decline in industry drilling days. The company also declared a dividend and engaged in share repurchases, indicating a commitment to rewarding shareholders.

The most recent analyst rating on (TSE:PHX) stock is a Buy with a C$12.00 price target. To see the full list of analyst forecasts on PHX Energy Services stock, see the TSE:PHX Stock Forecast page.

Spark’s Take on TSE:PHX Stock

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

PHX Energy Services receives a strong overall score, driven by robust financial performance and attractive valuation metrics. While technical analysis shows neutral momentum, recent corporate events highlight strategic successes and shareholder value. The absence of recent earnings call data does not detract significantly from the overall positive 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 sector, specializing in providing horizontal and directional drilling technology and services. The company focuses on the North American market, with significant operations in both the United States and Canada.

Average Trading Volume: 115,854

Technical Sentiment Signal: Buy

Current Market Cap: C$372.3M

For an in-depth examination of PHX stock, go to TipRanks’ Overview page.