Phx Energy Services declares special dividend 20c / shr

Phx Energy Services declares special dividend 20c / shr

PHX Energy Services Declares Quarterly Dividend of $0.20 Per Share

PHX Energy Services Corp. (TSX: PHX) has announced a quarterly cash dividend of $0.20 per common share, designated as an "eligible dividend" under subsection 89(1) of the Income Tax Act (Canada). The dividend will be payable on January 15, 2026, to shareholders of record as of the close of business on December 31, 2025according to the company announcement.

This follows a similar declaration in October 2025, when the company announced a $0.20 per share dividend payable on October 15, 2025, to shareholders of record as of September 30, 2025. The consistent dividend payments highlight PHX Energy's commitment to returning value to shareholders, despite operating in a cyclical oil and natural gas services sector.

Headquartered in Calgary, PHX Energy provides horizontal and directional drilling services to exploration and development companies across Canada and the U.S. The company emphasizes innovation, engineering, and manufacturing proprietary technologies to enhance efficiency in drilling operations. Recent advancements have solidified its position as a technology leader in North America's directional drilling sector.

As of February 2026, PHX Energy's stock trades at $0.09 USD, reflecting a year-over-year return of 98.53% but trading slightly above its estimated fair value, according to InvestingPro data. While the dividend yield appears attractive relative to the current share price, investors should consider the company's exposure to volatile energy markets and its capacity to sustain payouts amid potential industry fluctuations.

The dividend announcement underscores PHX Energy's focus on balancing growth-oriented operations with shareholder returns. Further updates can be obtained through the company's website or by contacting President and CEO Michael Buker or CFO Cameron Ritchie at (403) 543-4466 as reported by financial sources.

This article is based on publicly available information and does not constitute financial advice.