07:53 AM EDT, 08/14/2026 (MT Newswires) -- PHX Energy Services' ( PHXHF ) notice of intention to renew its normal course issuer bid for a further one-year term was approved by the Toronto Stock Exchange, it said after markets closed Thursday.

The renewed NCIB will allow the company to purchase for cancellation up to a maximum of around 4.1 million common shares, representing 10% of its public float of around 41.4 million common shares as at Aug. 6, said the company.

The buyback will begin on Aug. 18, said PHX Energy Services ( PHXHF ).

The company did not purchase any common shares under its previous NCIB that expires on Aug. 17, it added.