Phx Energy Services Corp. · TSX:PHX
Phx Energy Services — Peters & Co. Limited 31st Annual Winter Energy Conference 2024
8 slides from Phx Energy Services's conference presentation, Jan 17, 2024
Slide 1: Peters & Co. Limited 31st Annual Winter Energy Conference
PETERS & CO. LIMITED‐ 31ST ANNUAL WINTER ENERGY CONFERENCE JANUARY 17, 2024
Slide 2: 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 3: 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 t e 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 10,000ft Lateral 11,282ft Lateral Conventional technology
Slide 4: 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 $25,173 $20,457 $14,520 $13,375 $11,414 $8,227 PowerDrive Orbit RSS iCruise RSS 2018 2023 Canada US Consol
Slide 5: Q3 2023 Results
Q3 2023 Results Three-month period ended Sept 30, Nine-month period ended Sept 30, Stated in thousands of dollars rig counts and operating days 2023 2022 % Chg 2023 2022 % Chg Highest level of quarterly revenue, earnings, Operating Results adjusted EBITDA, and adjusted EBITDA as a Revenue 169,368 14
Slide 6: Third Quarter Highlights
Third Quarter Highlights US operations continued to produce strong results, maintain market share and work for 12 of the top 15 US operators despite the lower rig count – The primary drivers were premium technology, particularly RSS capabilities, and expansion of our Atlas rental and sales divisio
Slide 7: Third Quarter Outlook
Third Quarter Outlook Foresee further US growth in both RSS activity and Atlas rental and sales divisions into 2024 as new capital expenditures dedicated towards these objectives In Canada, expect our current activity levels to continue through to the first quarter of 2024. – May see incremental
Slide 8: Shareholder Returns
Shareholder Returns As at January 15, 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
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