PHX Energy Q1 FY26 earnings drop 56% to $8.9 million; revenue falls 5% to $183.9 million

Panhandle Oil and Gas Inc. Class A

Panhandle Oil and Gas Inc. Class A

PHX

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  • PHX Energy Services posted Q1 earnings of $8.9 million, or $0.20 per share, down 56% year over year.
  • Revenue fell 5% to $183.9 million, as consolidated operating days dropped 7% while RSS activity hit a record 18% of consolidated activity.
  • Adjusted EBITDA slid 26% to $30 million, with cash-settled share-based compensation expense rising to $9.6 million.
  • Net debt widened to $43.4 million at March 31 from $6.4 million at Dec. 31, 2025, while working capital rose 10% to $122 million.
  • Board lifted 2026 capital expenditure budget by $5 million to $65 million, targeting premium technologies including RSS and proprietary Real-Time RSS Communications, as CEO Michael Buker said momentum from higher RSS deployment and strong market share is expected to continue.


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: 202605051731PRIMZONEFULLFEED9713851) on May 05, 2026, and is solely responsible for the information contained therein.

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