PHX Energy Announces Third Quarter Results and Preliminary 2025 Capital Expenditures Program

CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Third Quarter Highlights Despite the continued softening in the US rig count in the third quarter of 2024, PHX Energy generated consolidated revenue of $160.6 million, only 5 percent lower than the record third quarter consolidated revenue of$169.4 million generated in 2023. Consolidated revenue in the 2024-quarter included $10.2 million of motor rental revenue and$2 million of revenue generated from the sale of motor equipment and parts (2023 - $13.2 m ...