KLX Energy Services Holdings Inc

KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. It operates through the following geographical segments: Southwest, Rocky Mountains and Northeast. The company was founded in 2018 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

KLX Energy Services reports strong Q4 earnings and eyes industry growth

KLX Energy Services Holdings Inc (KLXE) delivered robust financial results in Q4 2022, driven by strong revenue, profitability, and debt reduction.
The acquisition of Greene's Energy Group LLC bolsters KLX's service offerings and revenue potential, setting the stage for future growth.
Despite challenges such as integration risks and industry volatility, KLX remains optimistic about its growth prospects and strategic initiatives for 2023.

KLX Energy Services excels in Q1 2023, poised for growth

KLX Energy Services delivered a strong Q1 performance, showcasing revenue growth, successful acquisitions, and operational excellence.
Despite challenges in networking capital and analyst inquiries, the company's strengths in credit metrics, liquidity, and strategic planning position it for future success.
Opportunities for growth through M&A, market expansion, and operational enhancements align with KLX's positive outlook and performance trajectory for 2023.

KLX Energy Services reports strong Q2 earnings and eyes consolidation

KLX Energy Services delivered a robust performance in Q2 2023, marked by strong financial metrics and operational achievements.
The company's strategic focus on reducing debt, generating free cash flow, and pursuing consolidation opportunities bodes well for future growth.
While facing challenges in revenue growth and capital expenditure management, KLX remains poised to leverage market opportunities and drive shareholder value.
With a positive market outlook and disciplined financial approach, KLX Energy Services is well-positioned for sustainable growth and value creation.

KLX Energy Services reports solid Q3 performance and eyes growth opportunities in 2024

KLX Energy Services delivered a strong Q3 performance, exceeding revenue and EBITDA guidance, while maintaining margins and generating free cash flow.
Despite challenges like a seasonal slowdown, the company's solid financial position, optimistic outlook, and growth opportunities position it well for the future.
Investors can be encouraged by KLX's balanced revenue mix, improved cash position, and strategic focus on free cash flow generation and market opportunities.

KLX Energy Services reports record 2023 revenue, eyes growth opportunities

KLX Energy Services' 2023 performance showcased resilience in a challenging market environment, with a strategic focus on high-grading their customer base and leveraging new technologies. While facing short-term challenges, the company remains poised for growth through operational efficiencies and strategic investments.

KLX Energy Services reports Q1 revenue of $175M, anticipates Q2 growth

KLX Energy Services navigated challenges in Q1, focusing on operational achievements and cost-cutting measures to drive future profitability. The company aims for sequential improvement in Q2, with a revenue forecast of $180-200 million and adjusted EBITDA margins of 9-11%. Analyst questions centered on profitability, balance sheet protection, refinancing, potential deals, and cost-cutting impact on the P&L.

KLX Energy Services reports strong Q3 earnings, eyes capital refinancing

KLX Energy Services Holdings Inc (KLXE) delivered robust Q3 results, showcasing operational strength and effective cost management. The company's focus on completion activities and downhole technology, along with a strong revenue distribution across key regions, underpins its growth potential. KLX's consideration of capital structure refinancing reflects a proactive approach to leverage opportunities for future growth.

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KLX Energy Services Holdings, Inc. (NASDAQ:KLXE ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Ken Dennard - Investor Relations Chris Baker - President & Chief Executive Officer Keefer Lehner - EVP & Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti & Company Blake McLean - Daniel Energy Partners Operator Greetings, and welcome to the KLX Energy Services 2024 Third Quarter Earnings Conference Call. This time all participants are in listen-only mode.

KLX Energy Services Holdings, Inc. (KLXE) Q3 2024 Earnings Call Transcript

KLX Energy Services (KLXE) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to earnings of $0.51 per share a year ago.

KLX Energy Services (KLXE) Reports Q3 Loss, Tops Revenue Estimates

HOUSTON , Oct. 31, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the third quarter ended September 30, 2024. Third  Quarter 2024 Financial Highlights Revenue of $189 million Net loss of $(8) million and diluted loss per share of $(0.51) Adjusted EBITDA of $28 million Net loss margin of (4)% Adjusted EBITDA margin of 15% Cash balance of $83 million Total Debt and Net Debt of $285 million and $203 million, respectively Liquidity of $126 million, consisting of approximately $83 million of cash and approximately $43 million of availability not borrowed under the September 2024 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net (Loss) Income, Adjusted Diluted (Loss) Earnings per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS THIRD QUARTER 2024 RESULTS

HOUSTON , Oct. 30, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2024 third quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Friday, November 1, 2024 at 11:00 a.m. Eastern Time (10:00 a.m.

KLX Energy Services Announces 2024 Third Quarter Earnings Release and Conference Call Schedule

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Ken Dennard - IR Christopher Baker - President & CEO Keefer Lehner - EVP & CFO Conference Call Participants Luke Lemoine - Piper Sandler Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Partners David Marsh - Singular Research Operator Greetings, and welcome to KLX Energy Services Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

KLX Energy Services Holdings, Inc. (KLXE) Q2 2024 Earnings Call Transcript

KLX Energy Services (KLXE) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.72. This compares to earnings of $0.81 per share a year ago.

KLX Energy Services (KLXE) Reports Q2 Loss, Tops Revenue Estimates

HOUSTON , Aug. 7, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue of $180 million Enacted approximately $16 million of annualized cost reductions in the second quarter of 2024 primarily related to operational streamlining initiatives, insurance and professional fees Net loss of $(8) million and diluted loss per share of $(0.49) Adjusted EBITDA of $27 million Net loss margin of (4)% Adjusted EBITDA margin of 15% Net Cash Flow Provided by Operating Activities of $22 million Levered Free Cash Flow of $10 million Cash balance of $87 million, increased $2 million sequentially Total Debt and Net Debt of $285 million and $198 million, respectively Liquidity of $121 million, consisting of approximately $87 million of cash and approximately $34 million of available borrowing capacity under the June 2024 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net (Loss) Income, Adjusted Diluted (Loss) Earnings per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX Energy Services Holdings, Inc. Reports Second Quarter 2024 Results

HOUSTON , Aug. 1, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2024 second quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Thursday, August 8, 2024 at 10:00 a.m. Eastern Time (9:00 a.m.

KLX Energy Services Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON , July 16, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today announced preliminary financial results for the three months ended June 30, 2024. Preliminary Second Quarter 2024 Financial and Operational Highlights Estimated Revenue range of $178 million to $182 million, increased sequentially approximately 3% despite a 7% decline in rig count over the same period Enacted approximately $16 million of annualized cost reductions in the second quarter of 2024 primarily related to operational streamlining initiatives, insurance and professional fees Estimated Net Loss range of $(7) million to $(11) million Estimated Adjusted EBITDA and Adjusted EBITDA Margin ranges of $24 million to $27 million and 14% to 15%, respectively Estimated Adjusted EBITDA and Adjusted EBITDA Margin improved sequentially by 100% to 125% and by 104% to 118%, respectively Estimated Net Cash Flow Provided by Operating Activities range of $18 million to $22 million Estimated Levered Free Cash Flow range of $5 million to $11 million Estimated Cash balance of approximately $87 million, increased $2 million sequentially Estimated Total Debt and Net Debt of approximately $285 million and $198 million, respectively Estimated Liquidity of approximately $126 million, including approximately $87 million of cash and $39 million of borrowing availability as of the May 2024 Borrowing Base Certificate See "Non-GAAP Financial Measures" at the end of this release for a discussion of Net Debt, Adjusted EBITDA, Adjusted EBITDA Margin, Net Leverage Ratio and their reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX Energy Services Holdings, Inc. Provides Preliminary Second Quarter 2024 Results

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Zach Vaughan - IR Christopher Baker - President & CEO Keefer Lehner - EVP & CFO Conference Call Participants Steve Ferazani - Sidoti John Daniel - Daniel Energy Partners David Marsh - Singular Research Operator Good day, ladies and gentlemen, and welcome to the KLX Energy Services First Quarter Earnings Conference Call. [Operator Instructions].

KLX Energy Services Holdings, Inc. (KLXE) Q1 2024 Earnings Call Transcript

KLX Energy Services (KLXE) came out with a quarterly loss of $1.24 per share versus the Zacks Consensus Estimate of a loss of $0.71. This compares to earnings of $0.80 per share a year ago.

KLX Energy Services (KLXE) Reports Q1 Loss, Lags Revenue Estimates

HOUSTON , May 7, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $175 million Net loss of $(22) million and diluted loss per share of $(1.38) Adjusted EBITDA of $12 million Net loss margin of (13)% Adjusted EBITDA margin of 7% Liquidity of $128 million, consisting of approximately $85 million of cash and approximately $43 million of available borrowing capacity under the March 2024 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate Set what we believe to be a new US coiled tubing depth record of 28,915 feet See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net (Loss) Income, Adjusted Diluted (Loss) Earnings per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS

HOUSTON , April 17, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2024 first quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time (9:00 a.m.

KLX ENERGY SERVICES ANNOUNCES 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HOUSTON , March 15, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) today announced that executive management will participate in the 2024 Piper Sandler 24th Annual Energy Conference to be held in Las Vegas on March 18-20, 2024. In conjunction with hosting one-on-one meetings with investors, the KLX investor presentation will be accessible by visiting the "Upcoming Events" section of the Company's website at https://investor.klx.com/events-and-presentations/events.

KLX Energy Services Holdings, Inc. to Participate in the 2024 Piper Sandler 24th Annual Energy Conference

NEW YORK , March 13, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) on behalf of the company's shareholders. The investigation seeks to determine whether KLX Energy Services Holdings's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of KLX Energy Services Holdings, Inc. (NASDAQ: KLXE)

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE ) Q4 2023 Earnings Conference Call March 7, 2024 10:00 AM ET Company Participants Ken Dennard - Dennard Lascar IR Christopher Baker - President and CEO Keefer Lehner - EVP and CFO Conference Call Participants Luke Lemoine - Piper Sandler Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Partners Operator Greetings. Welcome to KLX Energy Services Full Year 2023 and Fourth Quarter Earnings Conference Call.

KLX Energy Services Holdings, Inc. (KLXE) Q4 2023 Earnings Call Transcript

KLX Energy Services (KLXE) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $1.06 per share a year ago.

KLX Energy Services (KLXE) Reports Q4 Loss, Tops Revenue Estimates

Company generates record annual revenue, Adjusted EBITDA and free cash flow HOUSTON , March 6, 2024  KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the fourth quarter ended December 31, 2023. Full Year 2023 Financial Highlights Revenue of $888 million, an increase of 14% compared to prior year despite a 20% decline in rig count over the same period Net income of $19 million, an increase of 719% compared to prior year, and diluted income per share of $1.22 Net income margin of 2%, a 645% increase from prior year Adjusted EBITDA of $138 million, an increase of 42% compared to prior year Adjusted EBITDA margin of 16% compared to 2022 Adjusted EBITDA margin of 12% Cash balance of $113 million, increased 96% compared to prior year Total debt of $284 million, consistent with prior year Net Debt of $172 million, a $54 million or 24% reduction compared to prior year Liquidity of $154 million, consisting of approximately $113 million of cash and nearly $42 million of available borrowing capacity under the December 2023 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate, representing a $53 million or 52% increase compared to prior year Net Leverage Ratio of 1.2x, reduced 47% from prior year Fourth  Quarter 2023 Financial Highlights Revenue of $194 million Net loss of $(9) million and diluted loss per share of $(0.58) Adjusted EBITDA of $23 million and Adjusted EBITDA margin of 12% See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 RESULTS

HOUSTON , Feb. 26, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today announced preliminary financial results for the three months and twelve months ended December 31, 2023. Preliminary Full Year 2023 Financial and Operational Highlights Estimated Revenue range of $887 million to $889 million Estimated Net Income range of $18 million to $20 million Estimated Adjusted EBITDA range of $136 million to $139 million Estimated Cash balance of $113 million, a 96% increase relative to prior year Estimated Total Debt of $284 million consistent with prior year at $283 million Estimated Net Debt of $172 million, a $54 million or 24% decrease relative to prior year Estimated Liquidity of $154 million increased by $53 million or 52% relative to prior year Preliminary Fourth Quarter 2023 Financial and Operational Highlights Estimated Revenue range of $193 million to $195 million Estimated Net Loss range of $(10) million to $(8) million Estimated Adjusted EBITDA range of $22 million to $25 million See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX ENERGY SERVICES HOLDINGS, INC. PROVIDES PRELIMINARY 2023 FULL YEAR AND FOURTH QUARTER RESULTS

HOUSTON , Feb. 26, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2023 full year and fourth quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Thursday, March 7, 2024 at 10:00 a.m. Eastern Time (9:00 a.m.

KLX ENERGY SERVICES HOLDINGS, INC. ANNOUNCES 2023 FULL YEAR AND FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HOUSTON , Feb. 22, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) today announced that executive management will participate in the 2024 J.P. Morgan Global High Yield & Leveraged Finance Conference to be held in Miami, Florida on February 26-28, 2024.

KLX Energy Services Holdings, Inc. to Participate in the 2024 J.P. Morgan Global High Yield & Leveraged Finance Conference

HOUSTON , Dec. 1, 2023 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) today announced that it will make a presentation to investors at the Sidoti December Small Cap Conference on December 6, 2023. The Company's presentation will begin at 1:45 pm EST on December 6 th and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_R6DLIiumSf66-MF92xmkIg or you can register for the presentation here www.sidoti.com/events.

KLX Energy Services to Present at Sidoti Small Cap Conference on December 6th

KLX Energy Services Holdings, Inc. (KLXE) Q3 2023 Earnings Call Transcript

Diversification drives flat sequential margins and continued strong operating cash flow, despite 10% sequential decline in rig count HOUSTON , Nov. 6, 2023 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial and Operational Highlights Revenue of $221 million Net income of $8 million, net income margin of 3%, diluted earnings per share of $0.47 Adjusted net income of $8 million and adjusted diluted earnings per share of $0.51 Adjusted EBITDA of $37 million Adjusted EBITDA margin of 17% Cash balance of $90 million, increased $8 million sequentially and $49 million compared to Q3 2022 Ended the quarter with $155 million of liquidity, consisting of $90 million of cash and $65 million of available borrowing capacity under the September 2023 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate Ended the quarter with a total debt balance of $284 million and reduced net debt 4% sequentially, ending the quarter with a net debt balance of $194 million and a Last Twelve Months Net Leverage Ratio of 1.3x Successfully integrated Greene's and fully implemented $3 million in annual cost synergies Executed 12-month frac contract with leading operator base loading 2024 activity Launched and commercialized latest generation downhole tools and products See "Non-GAAP Financial Measures" at the end of this release for a discussion of adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted net income (loss) margin, adjusted diluted earnings per share, levered and unlevered free cash flow, net working capital, net debt, net leverage ratio and their reconciliation to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS THIRD QUARTER 2023 RESULTS

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2023 third quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Tuesday, November 7, 2023 at 11:00 a.m. Eastern Time (10:00 a.m.

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