PHX Energy Services Corp T.PHX

Nov 7, 2023: Q3 Record Results

[JohnSP]

"Earnings from continuing operations, adjusted EBITDA(1) from continuing operations, and adjusted EBITDA as a percentage of consolidated revenue are the best level of quarterly results on record.": https://www.phxtech.com/_files/ugd/389610_ead0a81941654b2e8f7f0e7638f11298.pdf

ANOTHER quarterly record and thus 1) increased CapEx, 2) increased quarterly dividend (again) by 33%, and 3) bought bunch shares back.

Was also nice to see ROCS status in PR for 9 months todate in 2023:
1) Excess Cash Flow = CAD70.5 mln
2) 70% of which is to be returned to shareholders under ROCS = CAD49.3 mln
3) Buybacks = CAD19.1 mln
4) Dividends = CAD22.9 mln
5) Remaining under ROCS = CAD7.3 mln.

Annualizing quarterly Excess Cashflow is CAD94 mln, current Market Cap = CAD350 mln, so 3.7 . . . . warning thinly traded stock.

[Tothemoon2]

Mighty fine Q.  Raising the dividend (11%+) is a nice little bonus but lets hope a climbing stock price soon knocks that down to 6%.  GLTA

[Tothemoon2]

A mere 267 thousand shares traded already.  Somebody must of seen the ER.

[Tothemoon2]

Dividend yield now down to 8.8%.  Still more room to run on the stock price.