PHX Energy Services Corp. (TSX:PHX) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,622,967 common shares, representing 10% of its issued and outstanding share capital.

The shares repurchased under the bid will be cancelled. The bid will terminate on August 15, 2023 or such earlier time as the bid is completed or terminated at the option of the company. As of August 3, 2022, the company had 36,229,675 shares issued and outstanding.