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CALGARY - PHX Energy Services Corp. (TSX:PHX) announced Monday a quarterly cash dividend of $0.20 per common share, payable on October 15, 2025, to shareholders of record as of September 30, 2025. The company’s stock, currently trading at $0.09, has shown remarkable performance with a 171% return over the past year.
The dividend has been designated as an eligible dividend within the meaning of subsection 89(1) of the Income Tax Act (Canada), according to a company press release. According to InvestingPro, the company maintains a healthy financial position with a current ratio of 3.33 and a gross profit margin of 28%.
PHX Energy provides horizontal and directional drilling services to oil and natural gas exploration and development companies, primarily operating in Canada and the United States. The company has developed various technologies that have positioned it in the horizontal and directional drilling services sector in North America.
The Calgary-based corporation’s shares are traded on the Toronto Stock Exchange under the symbol "PHX."
In other recent news, PHX Minerals Inc. has completed its merger with WhiteHawk Income Corporation. This development results in PHX becoming a wholly owned subsidiary of WhiteHawk. The merger was executed according to the Agreement and Plan of Merger, as reported in a press release filed with the Securities and Exchange Commission. WhiteHawk Merger Sub, Inc., a subsidiary of WhiteHawk Income, conducted a cash tender offer to acquire all outstanding shares of PHX common stock at $4.35 per share. The offer concluded with approximately 73.7% of PHX shares validly tendered and not withdrawn, along with an additional 0.1% tendered by guaranteed delivery. The total consideration paid for the transaction was around $187 million, excluding transaction fees and expenses. These recent developments mark a significant change in the corporate structure of PHX Minerals.
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