PHX Energy Services Corp. Declares Dividend and Award Achievement
PHX Energy Services Corp. Declares Quarterly Dividend
PHX Energy Services Corp. is thrilled to announce that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share, qualifying as an eligible dividend under Canadian tax regulations. This dividend is payable shortly after the end of the month, providing shareholders with a tangible return on their investment.
Recognition as TSX30™ 2024 Winner
In an impressive achievement, PHX Energy was recognized as a winner in the TSX30™ 2024, an accolade awarded by the Toronto Stock Exchange. This prestigious ranking highlights the top-performing TSX stocks, evaluated based on their dividend-adjusted price performance over the last three years. With a remarkable increase of 152% in share price, PHX Energy proudly stands at the 20th position on this exclusive list, underscoring the effectiveness of its Return of Capital Strategy ('ROCS').
Main Business Operations of PHX Energy
As a growth-oriented public company in the oil and natural gas sector, PHX Energy Services Corp. operates primarily through its subsidiaries that specialize in directional drilling. This includes providing horizontal and directional drilling services tailored to meet the needs of diverse exploration and development companies throughout Canada and the United States. The corporation is not only focused on delivering exceptional services but also on developing advanced technologies that position it as a leader in the drilling services sector.
Innovative Technologies at PHX Energy
Over the past several years, PHX Energy has made significant strides in technology development, further enhancing its reputation as a pioneer in drilling services across North America. The company continually engineers and manufactures cutting-edge technologies that improve the efficiency and effectiveness of its services, ensuring optimal results for its clients.
Company Trading Information
The common shares of PHX Energy are available for trading on the Toronto Stock Exchange under the symbol 'PHX'. This makes it easy for investors to buy and sell shares, contributing to market liquidity and visibility in the sector.
Contact Information for PHX Energy Services Corp.
For any inquiries or further information about PHX Energy Services Corp., individuals can reach out to:
John Hooks
Chief Executive Officer
Phone: (403) 543-4466
or
Cameron Ritchie
Senior Vice President, Finance and Chief Financial Officer
Phone: (403) 543-4466
Frequently Asked Questions
What is the recent dividend announcement made by PHX Energy?
PHX Energy announced a quarterly cash dividend of $0.20 per common share, which is classified as an eligible dividend.
What accolade did PHX Energy recently achieve?
PHX Energy was recognized as a TSX30™ 2024 winner for its impressive stock performance, ranking 20th with a 152% increase over three years.
How does PHX Energy perform its business operations?
PHX Energy provides directional and horizontal drilling services primarily to exploration and development companies in Canada and the US.
What is the significance of the Return of Capital Strategy (ROCS)?
ROCS is a critical strategy for PHX Energy, aimed at delivering value back to shareholders through dividends and enhancing investor confidence.
Where can I find more information about PHX Energy?
Further details about PHX Energy can be found on their official website, which offers comprehensive insights into their operations, strategy, and contact information.
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