PHX Energy Services Corp. posted Q1 2026 revenue of $183.9 million, slightly down 5% from Q1 2025 but maintaining strong performance with record Rotary Steerable Systems (RSS) activity at 18% of consolidated operations. The US and Canadian drilling markets softened, causing a 7% decline in operating days, yet PHX's premium technology fleet and increased RSS deployment supported stable revenue and margins. The company declared both a special and regular dividend in Q1 and plans to increase its 2026 capital expenditure budget to $65 million, focusing on technology growth. Despite industry volatility and inflationary pressures, PHX Energy remains optimistic about sustained growth and shareholder returns through its ROCS framework.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
General Motors will report its second-quarter earnings before the market opens, with analysts expecting adjusted earnings per share of $3.20 and revenue of $47.01 billion. This would represent a 26% increase in earnings per share but a slight 0.2% de...
Bitcoin long-term holders have decreased their selling losses to about 6%, improving from a previous 27% loss, signaling less panic in the market. Despite this, Bitcoin has yet to show strong bullish momentum as rising oil prices and inflation concer...
Bombardier announced that its Global 8000 business jet has received an Environmental Product Declaration (EPD), joining other models like the Challenger 650 and Global 7500. This makes Bombardier the only business jet maker to publicly disclose the f...
Forward Industries, Inc. officially announced that it has no intention to make a takeover offer for Brera Holdings plc, complying with Rule 2.8 of the Irish Takeover Rules. This statement legally binds Forward and its associates to these terms for si...
