PHX Energy Services (TSE:PHX) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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.
For further insights into TSE:PHX stock, check out TipRanks’ Stock Analysis page.