PHX Energy Services declares quarterly dividend

CALGARY, Alberta, June 12, 2026 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share designated as an “eligible dividend” within the meaning of subsection 89(1) of the Income Tax Act (Canada), payable on July 15, 2026, to shareholders of record at the close of business on June 30, 2026. About PHX Energy Services Corp. PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US.

In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America. The common shares of PHX Energy are traded on the Toronto Stock Exchange under the symbol "PHX".

For further information please contact: PHX Energy Services Corp. Mike Buker President and Chief Executive Officer Phone: (403) 543-4466 or PHX Energy Services Corp. Cameron Ritchie Senior Vice President, Finance and Chief Financial Officer Phone: (403) 543-4466 or visit our website at www.phxtech.com Globe Newswire June 12, 2026 - 2:00 AM PDT News by QuoteMedia www.quotemedia.com