Phx Energy Services Corp. · TSX:PHX
Phx Energy Services — Shareholder Meeting (May 2024)
8 slides from Phx Energy Services's shareholder meeting presentation, May 10, 2024
Slide 1: Annual General Meeting May 10, 2024
ANNUAL GENERAL MEETING MAY 10, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some matters discussed in this presentation may be considered to be forward- looking statements. Such statements include declarations regarding management’s intent, belief or current expectations. Prospective investors are cautioned that any such forward-looking statements
Slide 3: PHX Energy - Fun Facts
PHX Energy - Fun Facts Founded PHX in 1995 PHX is 28 years in the business Directional drilling is the process of steering the well path towards an intended target and doing so in a manner that increases the overall PHX is the largest independent supplier of directional drilling efficiency and
Slide 4: It's the Name of the Game
It’s the Name of the Game Te c h n o l o g y C a s e S t u d y : T h e I m p a c t o f Fa s te r D r i l l i n g SAME AREA - SAME WELL PROFILE - NEW TECHNOLOGY 2017 - Permian Basin, Midland County Today - Permian Basin, Midland County 10,000 ft Lateral 11,282 ft Lateral Conventional technology
Slide 5: Q1 2024 Results
Q1 2024 Results Years ended Dec 31, Second highest quarterly revenue in Stated in thousands of dollars except for rig counts and Three-month period ended March 31, 2024 2023 % Chg 2023 2022 % Chg history operating days Operating Results Despite decline in US industry impacting US results Revenue
Slide 6: Technology Advancement Driving Growth
Technology Advancement Driving Growth Velocity Atlas Motors Echo Wireless Antenna Wireless Real Time RSS Link & At-Bit Revenue Per Day* * Refer to corresponding quarterly report for definition $24,812 $19,322 $15,074 $13,390 $11,816 $8,287 PowerDrive Orbit RSS iCruise RSS 2018 Q1 2024 Canada US Cons
Slide 7: First Quarter Outlook
First Quarter Outlook US operations continue to produce strong results as rig count has stabilized. Our US RSS activity has rebounded from the slower start we saw at the beginning of the year. The client mix in Canada is softening the impact of spring break- up and we foresee its second quarter
Slide 8: Shareholder Returns
Shareholder Returns As at March 31, 2024 Our strategy to reward shareholders has progressed over a 6-year period and adhering to it has proven paramount Since March 2017, 24% of shares repurchased Reinstated quarterly dividend in December 2020 and increased five times to total $54 million paid t