---
title: "Canada's PHX Energy Q2 revenue beats estimates"
description: "PHX Energy reported a 9% increase in Q2 2025 revenue, surpassing analyst expectations with C$167.67 million. However, adjusted EBITDA fell 9% due to rising equipment costs. The company repurchased 100"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/251714758.md"
published_at: "2025-08-05T22:11:28.000Z"
---

# Canada's PHX Energy Q2 revenue beats estimates

> PHX Energy reported a 9% increase in Q2 2025 revenue, surpassing analyst expectations with C$167.67 million. However, adjusted EBITDA fell 9% due to rising equipment costs. The company repurchased 100,000 shares and plans to renew its NCIB strategy. Despite a projected softer market in 2025, PHX anticipates strong activity and revenue growth, particularly in its Canadian RSS fleet and US expansion. Analysts maintain a "buy" rating, with a median 12-month price target of C$10.00, reflecting an 18.4% upside from its recent trading price of C$8.16.

)

Overview

-   PHX Energy Q2 2025 revenue rises 9%, beating analyst expectations, per LSEG data
-   Adjusted EBITDA for Q2 2025 declines 9% due to higher equipment costs
-   Company repurchased 100,000 shares, plans to renew NCIB strategy

Outlook

-   PHX Energy expects strong activity and revenue in H2 2025
-   Company anticipates continued growth in Canadian RSS fleet
-   PHX Energy sees US fleet expansion supporting revenue in declining rig count
-   Company expects softer market in 2025 due to tariffs, lower oil prices

Result Drivers

-   RECORD REVENUE - PHX Energy achieved highest Q2 revenue on record, driven by increased motor rental activity and RSS deployment
-   US REVENUE GROWTH - Despite weaker industry drilling activity, US division revenue grew 10%, supported by RSS and motor rentals
-   COST IMPACT - Profitability affected by higher equipment costs due to tariffs and inventory obsolescence provision

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$167.67 C$166.50

Revenue mln mln (2

Analysts

)

### Q2 EPS C$0.17

### Q2 C$27.36

Adjusted mln

### EBITDA

### Q2 FFO C$20.60

mln

Q2 Capex C$20.75

mln

### Q2 FFO C$0.45

Per

Share

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy”, no “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$10.00, about 18.4% above its August 5 closing price of C$8.16
-   The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: (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.)

### Related Stocks

- [PHX.US - PHX Minerals](https://longbridge.com/en/quote/PHX.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.