• PHX Energy lifted its 2026 capital spending plan to CAD 80 million, up CAD 15 million.
• Most of the added outlay targets expansion of rotary steerable systems capacity across Canada and the US.
• About 60% of the program is now earmarked for growth, with the balance for maintenance and downhole equipment replacement.
• RSS, Atlas motors, and Velocity real-time system utilization is at or near capacity, tightening near-term fleet availability.
• Funding is expected from operating cash flow, equipment sale proceeds, cash, and credit facilities if needed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PHX Energy Services Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606031715PRIMZONEFULLFEED9731567) on June 03, 2026, and is solely responsible for the information contained therein.