Brief: PHX Energy Announces Q4 Revenue of $105.4 Mln And Increase To Quarterly Dividend

PHX Energy Services

24/02/2022 02:51

Feb 23 (Reuters) - PHX Energy Services Corp  PHX.TO :
    * PHX ENERGY ANNOUNCES STRONG FOURTH QUARTER AND YEAR END
RESULTS
AND INCREASE TO ITS QUARTERLY DIVIDEND
    * REVENUE GREW 85 PERCENT QUARTER-OVER-QUARTER TO $105.4
MILLION
    * APPROVED ANOTHER INCREASE TO QUARTERLY DIVIDEND TO $0.075
PER
COMMON SHARE FROM PREVIOUS $0.05 PER COMMON SHARE
    * CURRENTLY ANTICIPATES SPENDING $47.7 MILLION IN CAPITAL
EXPENDITURES DURING 2022
    * PHX ENERGY SERVICES  - EXPECT TO STRENGTHEN PROFITABILITY
IN
RUSSIA IN 2022 AND CONTINUE TO EXPLORE ALTERNATIVE OPPORTUNITIES
FOR SALE OF DIVISION
    * QTRLY EARNINGS PER SHARE DILUTED    $0.17
    * QTRLY FUNDS FROM OPERATIONS PER DILUTED SHARE $0.28

Source text for Eikon:  ID:nGNX9fxSg7 
Further company coverage:  PHX.TO 

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