TSX:PHXEnergy Services
Does PHX Energy Services' (TSX:PHX) Special Dividend Reveal Its Evolving Capital Allocation Priorities?
PHX Energy Services Corp. recently reported its fourth-quarter and full-year 2025 results, showing higher sales and net income than the prior year, and declared a special cash dividend of C$0.20 per share payable on April 1, 2026 to shareholders of record on March 16, 2026.
Together with confirmation that no shares were repurchased under its 2025 buyback program, the special dividend signals a clear preference for returning cash directly to shareholders at this time.
Next, we will examine...