PHX Energy Services Reports Q3 Revenue Beat Amid EPS Miss
PHX Energy Services reported its third-quarter financial results, characterized by a significant increase in top-line performance alongside an earnings miss. The company achieved revenue of $204.2 million, representing a 24.3% year-over-year increase and exceeding market expectations by $7.7 million. Despite the strong revenue growth, GAAP earnings per share (EPS) came in at $0.23, falling short of estimates by $0.08. The company reported an adjusted EBITDA of $33.7 million for the quarter.
