PHX Energy Services (TSE:PHX) has released an update.
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PHX Energy Services showed resilient second quarter results with a slight 1% decrease in consolidated revenue compared to the previous year, achieving $154.2 million. Adjusted EBITDA was $30 million, demonstrating a strong performance despite a lower US rig count. The Canadian division’s revenue surged by 25%, hitting a record high for the second quarter.
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