Live Breaking News & Updates on Powerdrive Orbit Rotary Steerable System

Stay updated with breaking news from Powerdrive orbit rotary steerable system. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

PHX Energy Announces First Quarter Results

CALGARY, Alberta, May 04, 2022 (GLOBE NEWSWIRE) First Quarter Highlights The Corporation’s adjusted EBITDA(1) excluding share-based compensation. ....

United States , Eagle Ford , United Kingdom , Rocky Mountain , Oklahoma City , Michael Buker , Cameron Ritchie , Daily Oil Bulletin , Baker Hughes , Energy Albania , Atlantic Treaty Organization , Energy Services Corp , Corporation Canadian , Phoenix Technology Services United States Inc , Energy Canadian , Energy Normal Course Issuer Bid , Phoenix Technology Services , Energy Russian , Corporation International , Toronto Stock Exchange , Corporation Consolidated Statements Of Comprehensive Income Loss , National Energy Services Reunited Corp , Powerdrive Orbit , North American , North America , Velocity Real Time System ,

PHX Energy Announces Its Operating and Financial Results

Financial Results
In the first quarter of 2021, PHX Energy reported improved adjusted EBITDA as a percentage of revenue and earnings from continuing operations despite the ongoing effects of the COVID-19 pandemic. For the three-month period ended March 31, 2021, the Corporation achieved adjusted EBITDA from continuing operations of $14.5 million, 21 percent of revenue, compared to $19.3 million, 19 percent of revenue, in the corresponding 2020-period. Earnings from continuing operations in the three-month period ended March 31, 2021 increased to $5.3 million from a loss of $2.2 million in the 2020-quarter. The sustained cost discipline initiatives from the prior year and the positive impact of government grants contributed to the improved profitability and earnings in the first quarter of 2021. This improved profitability in the first quarter of 2021, however, was affected by the cash-settled share-based payments expense of $2.6 million compared to a recovery of $3.4 million i ....

United States , Eagle Ford , United Kingdom , Oklahoma City , Michael Buker , Cameron Ritchie , Phoenix Technology Services United States Inc , Daily Oil Bulletin , Energy Canadian , Baker Hughes , Phoenix Technology Services , Technology Partnership , Toronto Stock Exchange , Corporation Retention Award Plan , National Energy Services Reunited Corp , Energy Services Corp , Corporation Canadian , Velocity Real Time System , Powerdrive Orbit Rotary Steerable System , Atlas High Performance Motors , North America , Canadian Emergency Wage Subsidy , Canadian Emergency Rent Subsidy , Coronavirus Aid , Economic Security , National Energy Services Reunited ,