PHX Energy Services Corp. Announces Quarterly Dividend
In a move that underscores its financial stability and commitment to shareholder returns, PHX Energy Services Corp. has declared a quarterly dividend of CAD 0.20 per share. This announcement, made on June 13, 2025, was reported by multiple financial news outlets, including Seeking Alpha and GlobeNewswire, highlighting the company’s consistent approach to rewarding its investors.
PHX Energy Services Corp., a Calgary-based Canadian company, operates within the energy sector, offering a comprehensive suite of services such as horizontal and directional drilling, survey management, gyro surveying, and stream services. These offerings cater to a global clientele, reinforcing the company’s position as a key player in the energy equipment and services industry.
The dividend declaration comes at a time when the company’s stock is trading at CAD 8.45, a figure that sits comfortably above its 52-week low of CAD 6.64, recorded on April 6, 2025. This price point reflects a recovery from earlier market fluctuations, with the stock having reached a 52-week high of CAD 10.7 on August 14, 2024. The market capitalization of PHX Energy Services stands at approximately CAD 366.76 million, with a price-to-earnings ratio of 9.49, indicating a potentially attractive valuation for investors.
The decision to declare a dividend is a testament to PHX Energy Services’ robust financial health and its ability to generate consistent cash flow, even in the face of industry challenges. This move is likely to be well-received by shareholders, as it signals confidence in the company’s ongoing operations and future prospects.
As PHX Energy Services continues to navigate the dynamic energy landscape, its focus on innovation and service excellence positions it well for sustained growth. Investors and industry observers will be keenly watching the company’s performance in the coming quarters, particularly in light of its recent dividend announcement.
For more detailed information on PHX Energy Services Corp. and its offerings, stakeholders are encouraged to visit the company’s website at www.phxtech.com .