PHX Energy Services reported third-quarter earnings per share of C$0.23, 28.1% below the C$0.32 estimate. Supplemental company-news coverage also reported record quarterly revenue.
PHX Energy Services Corporation (TSX: PHX) released results after the market close on November 3 for the quarter ended September 30, 2026. Earnings per share were C$0.23, compared with the calendar estimate of C$0.32. PHX has beaten estimates in two of its last four reported quarters. Supplemental coverage, which is separate from the supplied earnings data, reported revenue of C$204.2 million, up 24% from a year earlier and above the calendar consensus of C$193 million. See the company’s profile and results on the PHX stock page.
Recent earnings trend
PHX Energy Services Corporation
PHX.TO
PHX.TO
PHX Energy Services Corporation
WealthAwesomeMarket cap
$478.66M
P/E
10.3x
Div. yield
1.95%
Div. / share
$0.20
52W high
$13.75
52W low
$6.26
1W change
-23.71%
Beta
1.50
Analyst Price Targets
Based on analyst covering PHX · as of Nov 6, 2026
Wall Street analysts forecast PHX stock price to rise 45.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$15.17
+45.0% Upside
Previously C$15.33 on Oct 28, 2026
Current Price
C$10.46
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PHX's historical volatility
30-Day Vol
58.8%
Annualized
90-Day Vol
40.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$8.75
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.86 | C$8.05 – C$12.07 |
| 60 trading days | C$9.29 | C$6.97 – C$12.37 |
| 90 trading days | C$8.75 | C$6.16 – C$12.43 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-23 | — | 0.3500 | — |
| 2026-09-30 | 2026-11-03 | 0.2300 | 0.3200 | -28.1% |
| 2026-06-30 | 2026-08-04 | 0.1900 | 0.1700 | +11.8% |
| 2026-03-31 | 2026-05-05 | 0.2000 | 0.2800 | -28.6% |
| 2025-12-31 | 2026-02-24 | 0.3550 | 0.1400 | +153.6% |
| 2025-09-30 | 2025-11-04 | 0.1500 | 0.2600 | -42.3% |
Investor takeaway: The results send mixed signals. Earnings per share missed expectations, while supplemental coverage points to record revenue and strong activity in rotary steerable systems. The supplied data does not include reported margins, so it’s not clear what drove the gap between revenue growth and earnings. PHX’s recent record against estimates is mixed, and its shares closed at C$10.46, below their 50-day and 200-day moving averages. Canadian investors will want to watch whether higher activity leads to stronger earnings per share, and how capital spending affects cash flow and the dividend.
C$0.23 EPS, versus C$0.32 expected
Earnings per share came in 28.1% below the estimate. The calendar’s year-ago figure was C$0.15. Supplemental coverage reported revenue of C$204.2 million, up 24% year over year. The supplied data does not include actual margins.
Bull case
The earnings miss came alongside signs of growth in supplemental coverage: revenue reached a reported C$204.2 million, up 24% year over year, and rotary steerable systems activity set a record for the third quarter in a row. Earnings per share also rose from C$0.15 a year ago to C$0.23, though they still fell short of the current estimate. PHX has beaten estimates in two of its last four quarters. Its quarterly dividend and renewed normal course issuer bid may appeal to investors, but neither guarantees future returns.
Bear case
Earnings per share of C$0.23 missed the C$0.32 estimate. Over the last four quarters, PHX has recorded two beats and two misses. Higher reported revenue doesn’t show whether margins or cash flow improved; those figures aren’t included in the supplied earnings data. The shares closed below their 50-day and 200-day moving averages, and the statistical 90-day model points lower. Energy-services activity and capital spending can shift with industry conditions. Investors should weigh the earnings miss against the reported operating growth, rather than treating revenue growth alone as proof of better profitability.
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