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PHX Energy Services (TSX:PHX) Tax Expense : C$15.7 Mil (TTM As of Dec. 2024)


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What is PHX Energy Services Tax Expense?

PHX Energy Services's tax expense for the months ended in Dec. 2024 was C$1.7 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$15.7 Mil.


PHX Energy Services Tax Expense Historical Data

The historical data trend for PHX Energy Services's Tax Expense 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 Tax Expense Chart

PHX Energy Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.41 3.56 9.04 5.07 15.66

PHX Energy Services Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.46 5.29 3.87 4.79 1.71

PHX Energy Services Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$15.7 Mil.

* 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.


PHX Energy Services  (TSX:PHX) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


PHX Energy Services Tax Expense Related Terms

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PHX Energy Services Business Description

Traded in Other Exchanges
Address
215 – 9th Avenue South West, Suite 1600, Calgary, AB, CAN, T2P 1K3
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, the United States, Albania, and the Middle East regions. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. Geographically the company generates the majority of its revenue from the United States.
Executives
Phx Energy Services Corp Issuer
Cameron Michael Ritchie Senior Officer
Michael Leslie Buker Senior Officer
John Michael Hooks Senior Officer
Garrett Wright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Karen David-green Director
Lawrence M. Hibbard Director
Craig Brown Senior Officer
Jeffery John Shafer Senior Officer
Myron Arthur Tetreault Director
David Raines Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roger Dale Thomas Director
Terrance Freeman Director
Randolph M Charron Director