)
PHX Energy Services (PHX) investor relations material
PHX Energy Services Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenue for Q1 2026 was $183.9M, down 5% year-over-year but nearly flat sequentially, marking the second-highest Q1 revenue in company history.
Record Rotary Steerable Systems (RSS) activity drove 18% of consolidated activity, up from 15% in Q1 2025.
Earnings were $8.9M ($0.20/share), down from $20.2M ($0.44/share) in Q1 2025, impacted by higher depreciation and share-based compensation.
Adjusted EBITDA excluding share-based compensation was $39.5M (22% margin), compared to $43.3M (22%) last year.
Financial highlights
Revenue: $183.9M (-5% YoY); US division $125.8M (-8% YoY), Canada $58.1M (+1% YoY).
Adjusted EBITDA: $30M (-26% YoY), margin 16%; excluding share-based comp: $39.5M (-9% YoY), margin 22%.
Net income: $8.9M (-56% YoY); EPS diluted $0.20 (-55% YoY).
Cash flows from operations: -$0.5M (down from $10.9M); excess cash flow: $3M (-84% YoY).
Dividends paid: $18.1M ($0.40/share), up 100% YoY.
Outlook and guidance
Expect continued momentum in RSS deployment and margin stability, with capital spending weighted to H1 2026.
Board approved a $5M increase to 2026 capex budget, now $65M, focused on premium technologies.
Inflationary pressures and industry volatility expected to persist; focus remains on efficiency and high-margin tech.
Anticipate balanced ROCS position by year-end, with ongoing shareholder returns.
- Q3 2024 saw revenue and profitability decline, but shareholder returns remained robust.PHX
Q3 20242 Jun 2026 - Q2 revenue dipped 1% YoY as Canadian growth offset US softness; margins and earnings declined.PHX
Q2 20242 Jun 2026 - Record revenue in 2024, but margins fell on higher costs and softer US high-margin activity.PHX
Q4 20242 Jun 2026 - Record revenue and earnings growth, with expanded capital spending focused on high-margin technologies.PHX
Q1 20252 Jun 2026 - Record Q2 revenue up 9% YoY, but earnings fell 34% amid higher costs and tariffs.PHX
Q2 20252 Jun 2026 - Q3 revenue rose 2% YoY to $164.3M, but margins declined amid higher costs and industry headwinds.PHX
Q3 20252 Jun 2026 - Record revenue and special dividend highlight strong RSS-driven growth and shareholder focus.PHX
Q4 20252 Jun 2026
Next PHX Energy Services earnings date
Next PHX Energy Services earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)