PHX Energy Services (TSX:PHX) Research & Development : C$5.2 Mil (TTM As of Dec. 2023)

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What is PHX Energy Services Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. PHX Energy Services's Research & Development for the three months ended in Dec. 2023 was C$1.4 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was C$5.2 Mil.

PHX Energy Services Research & Development Historical Data

The historical data trend for PHX Energy Services's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PHX Energy Services Research & Development Chart

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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3.87

1.94

2.77

3.72

5.21

PHX Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Research & Development	Get a 7-Day Free Trial															1.18	1.26	1.31	1.25	1.39

PHX Energy Services Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$5.2 Mil.

PHX Energy Services (TSX:PHX) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

PHX Energy Services Research & Development Related Terms

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PHX Energy Services (TSX:PHX) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » Research & Development

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PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, 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. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

Executives