PHX Energy Services Corp 2024 AR2
The report highlights PHX Energy Services Corp.'s financial and operational performance for the fiscal year ended December 31, 2024. The company achieved record consolidated revenue of $659.7 million, representing a 1 percent increase from 2023, driven by strong activity in both US and Canadian divisions. However, net earnings declined by 45 percent to $54.6 million, primarily due to higher equipment repair costs, inventory write-downs, and increased tax provisions. PHX Energy continued to reward shareholders through its Return of Capital Strategy, distributing over 70 percent of excess cash flow via dividends and share repurchases under its Normal Course Issuer Bid.
Company: PHX Energy Services Corp
Sector: Mining & quarrying
Country: Canada
Year: 2024
Type: AR2
Pages: 120
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PHX Energy Services Corp
Annual Report
The report highlights PHX Energy Services Corp.'s financial and operational performance for the fiscal year ended December 31, 2024. The company achieved record consolidated revenue of $659.7 million, representing a 1 percent increase from 2023, driven by strong activity in both US and Canadian divisions. However, net earnings declined by 45 percent to $54.6 million, primarily due to higher equipment repair costs, inventory write-downs, and increased tax provisions. PHX Energy continued to reward shareholders through its Return of Capital Strategy, distributing over 70 percent of excess cash flow via dividends and share repurchases under its Normal Course Issuer Bid.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees