TSX · Oil & Gas Drilling · CAD

PHX Energy Services Corp. (PHX.TO) Stock Analysis

PHX Energy Services Corp. (PHX.TO) is a Oil & Gas Drilling stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

PHX.TO

CA$13.05

+CA$0.09 (+0.69%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PHX.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$13.04
Previous Close: CA$12.96
Day's Range: 12.88–13.36
52-Week Range: 6.87–14.17
Volume: 47.55K
Beta: 1.52

Valuation

Market Cap: CA$597.18M
P/E Ratio: 13.74
Forward P/E: 9.00
P/S ratio: 0.84
EPS (ttm): 0.95

Financials (FY)

Revenue (FY): CA$709.60M+7.57%
Net Income (FY): CA$54.71M+0.16%
Profit margin: 6.46%
Shares Outstanding: 45.76M
1-Year Return: +95.18%

Dividend and dates

Dividend: CA$0.80+6.17%
Ex-Dividend Date: September 29, 2026
Earnings Date: November 3, 2026estimated
Avg Volume: 117.61K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PHX.TO closed at CA$13.05, +95.18% over 1 year.

PHX Energy Services Corp. (PHX.TO) has a market capitalization of CA$597.18M.

In fiscal 2025, PHX.TO reported revenue of CA$709.60M.

PHX.TO Stock Return by Calendar Year

PHX Energy Services Corp. (PHX.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$19,518; +95.18%
5 years: CA$10,000 CA$37,350; +273.50%
10 years: CA$10,000 CA$45,812; +358.12%

If you had invested CA$10,000 in PHX Energy Services Corp. (PHX.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$45,812 at the close on October 21, 2026: +358.12% in total, +16.44% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−42.82%+85.51%+83.04%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+83.04%
2025	−11.22%
2024	+25.55%
2023	+13.95%
2022	+85.51%
2021	+82.90%
2020	−9.70%
2019	+19.91%
2018	+0.43%
2017	−42.82%
2016 (partial year)	+49.46%

As of October 21, 2026.

PHX.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$709.60M	CA$54.71M	7.7%
2024	CA$659.66M	CA$54.62M	8.3%
2023	CA$656.34M	CA$98.58M	15.0%
2022	CA$535.75M	CA$29.75M	5.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$709.60M	CA$110.96M	CA$39.69M	CA$54.71M	7.7%
2024	CA$659.66M	CA$124.49M	CA$50.86M	CA$54.62M	8.3%
2023	CA$656.34M	CA$150.11M	CA$75.98M	CA$98.58M	15.0%
2022	CA$535.75M	CA$109.64M	CA$37.02M	CA$29.75M	5.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PHX.TO Dividend History

’20’21’22’23’24’25’26*

CA$0.80+0.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.60	3	—
2025	CA$0.80	4	+0.0%
2024	CA$0.80	4	+23.1%
2023	CA$0.65	4	+62.5%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.60	3	—
2025	CA$0.80	4	+0.0%
2024	CA$0.80	4	+23.1%
2023	CA$0.65	4	+62.5%
2022	CA$0.40	4	+166.7%
2021	CA$0.15	4	+500.0%
2020	CA$0.03	1	—

Most recent payment: CA$0.20 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PHX.TO Valuation vs Oil & Gas Drilling Median

Median of 15 stocks

Metric	PHX.TO	Oil & Gas Drilling median	vs median
P/E	13.74	13.11	5% above
P/S ratio	0.84	0.96	12% below
Profit margin	6.46%	−1.81%	8.3 pts above

Medians across 15 Oil & Gas Drilling stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

PHX Energy Services Corp. (PHX.TO) carries a market capitalisation of CA$597.18M. The company sits in the Energy sector, in the Oil & Gas Drilling industry. Headcount on file is 971.

The 52-week range on file runs from CA$6.87 to CA$14.17. The most recent close on file for PHX.TO is CA$13.05, dated October 21, 2026. That is +CA$0.09 (+0.69%) against the previous close. The latest close sits 89.96% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$709.60M. Against the prior fiscal year total of CA$659.66M, that is a change of +7.57%. Net income for the same year was CA$54.71M. That is +0.16% against the prior fiscal year. Profit margin runs at 6.46%. That is 8.3 percentage points above the Oil & Gas Drilling median of −1.81%. Trailing earnings per share are 0.95.

Across the 4 fiscal years on file, revenue moves from CA$535.75M in 2022 to CA$709.60M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

PHX.TO trades at a trailing price-to-earnings ratio of 13.74. That is 4.85% above the Oil & Gas Drilling median of 13.11. On forward earnings the ratio is 9. The price-to-sales ratio is 0.84. On price-to-sales that is 12.2% below the Oil & Gas Drilling median of 0.96. The medians here are taken across 15 Oil & Gas Drilling companies that report the metric.

Beta against the wider market is reported at 1.52. Annualized volatility over the trailing 10 years is 46.32%. Over the trailing twelve months the total return is +95.18%. Across 10 years the annualized return works out at +16.44%.

Growth & Income

PHX.TO pays a dividend yielding 6.17%. That is 2.1 percentage points above the Oil & Gas Drilling median yield of 4.06%. At the indicated rate that is CA$0.80 a share a year. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 7 calendar years; 2026 shows 3 payments totalling CA$0.60 a share. The year before, 2025, totalled CA$0.80 a share.

So far in 2026 the total return is +83.04%. The strongest complete calendar year on file is 2022 at +85.51%; the weakest is 2017 at −42.82%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

PHX Energy Services Corp. (PHX.TO) operates in the Oil & Gas Drilling industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
PHX Energy Services Corp.	PHX.TO	CA$597.18M	13.7
Noble Corporation plc	NE	$7.03B	46.8
Transocean Ltd.	RIG	$6.75B	—
Valaris Limited	VAL	$6.37B	6.9

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas Drilling industry average P/E ratio is 13.1x. PHX Energy Services Corp. trades at a P/E of 13.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About PHX Energy Services Corp.

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations. The company provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole. In addition, it offers survey management and gyro surveying services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.

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