PHX Energy reported third-quarter 2026 earnings after markets closed on November 3. EPS was C$0.23, 28.1% below the C$0.32 estimate. The quarter ended September 30.
Supplemental headlines report record revenue of C$204.2 million, up 24% from a year earlier, and a third straight quarterly record for rotary-steerable activity. Those figures aren’t included in the supplied earnings data, so investors should check them against the company’s full release. The main question for Canadian investors is how to weigh the earnings miss against the reported growth in revenue and activity.
Recent earnings trend
PHX Energy Services Corporation
PHX.TO
PHX.TO
PHX Energy Services Corporation
WealthAwesomeMarket cap
$496.97M
P/E
9.1x
52W high
$13.75
52W low
$6.26
1W change
-19.67%
Beta
1.50
Analyst Price Targets
Based on analyst covering PHX · as of Oct 28, 2026
Wall Street analysts forecast PHX stock price to rise 41.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$15.33
+41.2% Upside
Previously C$15.17 on Sep 17, 2026
Current Price
C$10.86
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PHX's historical volatility
30-Day Vol
56.6%
Annualized
90-Day Vol
39.7%
Annualized
Trend (90d)
-43.3%
Annualized drift
90d Mean
C$9.30
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.31 | C$8.48 – C$12.54 |
| 60 trading days | C$9.80 | C$7.43 – C$12.91 |
| 90 trading days | C$9.30 | C$6.63 – C$13.05 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-23 | — | 0.3400 | — |
| 2026-09-30 | 2026-11-03 | 0.2300 | 0.3200 | -28.1% |
| 2026-06-30 | 2026-08-04 | 0.1900 | 0.1700 | +11.8% |
| 2026-03-31 | 2026-05-05 | 0.2000 | 0.2800 | -28.6% |
| 2025-12-31 | 2026-02-24 | 0.3550 | 0.1400 | +153.6% |
| 2025-09-30 | 2025-11-04 | 0.1500 | 0.2600 | -42.3% |
Investor takeaway: The EPS miss is the clearest confirmed signal in the supplied data, but it doesn’t capture the full operating picture. The reported revenue and activity records are encouraging, though investors should review the company’s release for details on margins, costs and cash flow. PHX has missed estimates in two of its last four reported quarters. Its shares closed at C$10.86, below their 50-day and 200-day moving averages. Analyst price targets and the Wealth Awesome model point in different directions, highlighting uncertainty rather than providing a reliable near-term signal.
C$0.23 EPS versus C$0.32 estimate
EPS fell 28.1% short of the estimate. PHX beat estimates by 11.8% in the previous quarter, then missed by 28.6% in the March quarter. Results have varied over the past four quarters.
Bull case
Supplemental headlines report record third-quarter revenue, up 24% year over year, and a third straight quarterly record for rotary-steerable activity. The calendar consensus for next quarter is C$0.25 in EPS and C$193 million in revenue, with estimated year-over-year growth of 63.9% and 17.4%, respectively. The average analyst target is C$15.33, above the last close of C$10.86. That target is an estimate, not a guarantee.
Bear case
Third-quarter EPS was 28.1% below estimate, and PHX has beaten estimates in only two of its last four reported quarters. At the supplied close, the share price was below its 50-day and 200-day averages. It had also fallen 14.35% in one day and 19.67% over one week. Record revenue doesn’t necessarily mean higher profits. The supplied snapshot shows a 6.46% profit margin, but includes no quarter-specific margin or cash-flow figures.
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