Overview
Canadian oilfield services firm's Q4 revenue rose 3% yr/yr, reaching a record level and beating estimates
Company declared a special cash dividend of C$0.20 per share
U.S. and Canadian divisions outperformed industry trends despite softer conditions
Outlook
Company plans to expand RSS capabilities and Real-Time Communications fleet in 2026
PHX Energy aims to return up to 70% of excess cash flow to shareholders
Result Drivers
RSS ACTIVITY - Increased RSS activity contributed to record Q4 revenue, particularly in the Canadian division
US DIVISION STABILITY - US division revenue remained stable despite a 7% sequential decline in industry rig counts
MOTOR RENTAL REVENUE - Motor rental revenue increased, showing resilience in a slower market environment
Company press release: ID:nGNX4s4b04
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | C$183.89 mln | C$170.50 mln (2 Analysts) |
Q4 EPS | C$0.35 | ||
Q4 Adjusted EBITDA | C$36.87 mln | ||
Q4 FFO | C$29.31 mln | ||
Q4 Capex | C$9.48 mln | ||
Q4 FFO Per Share | C$0.64 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas drilling peer group is "buy"
Wall Street's median 12-month price target for PHX Energy Services Corp is C$8.50, about 7.1% below its February 24 closing price of C$9.15
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)