PHX Energy Services Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 155.62 million compared to CAD 126.24 million a year ago. Net income was CAD 18.11 million compared to CAD 0.168497 million a year ago. Basic earnings per share from continuing operations was CAD 0.35 compared to CAD 0.25 a year ago. Diluted earnings per share from continuing operations was CAD 0.35 compared to CAD 0.25 a year ago. Basic earnings per share was CAD 0.35. Diluted earnings per share was CAD 0.35.
For the six months, sales was CAD 321.64 million compared to CAD 235.57 million a year ago. Net income was CAD 40.53 million compared to net loss of CAD 4.05 million a year ago. Basic earnings per share from continuing operations was CAD 0.79 compared to CAD 0.21 a year ago. Diluted earnings per share from continuing operations was CAD 0.77 compared to CAD 0.21 a year ago. Basic earnings per share was CAD 0.79 compared to basic loss per share of CAD 0.08 a year ago. Diluted earnings per share was CAD 0.77 compared to diluted loss per share of CAD 0.08 a year ago.