Welcome to our dedicated page for Klx Energy Services Holdings news (Ticker: KLXE), a resource for investors and traders seeking the latest updates and insights on Klx Energy Services Holdings stock.
Company Overview
KLX Energy Services Holdings Inc (KLXE) is a diversified provider of mission-critical oilfield services to the onshore oil and gas industry. Operating across major U.S. basins, the company delivers a comprehensive suite of technical solutions including completion, intervention, and production services. With over 100 specialized services, tools, and engineered products, KLX streamlines operations for operators by focusing on enhanced efficiency, safety, and risk management.
Core Business and Operations
KLX offers an integrated portfolio of services that address the challenging demands of both conventional and unconventional oil and gas production. The company’s offerings include surface facilities, pressure control operations, wireline and fishing services, as well as engineered products. By leveraging state-of-the-art technology and innovative in-house manufacturing capabilities, KLX ensures that every project meets the rigorous technical and safety standards expected in today’s competitive energy market.
Market Segmentation and Geographic Reach
Operating predominantly in the United States, KLX serves major onshore regions including the Southwest, Rocky Mountains, and Northeast/Mid-Con. Among these, the Northeast/Mid-Con region contributes significantly to its overall revenue, reflecting a deep penetration in markets that demand reliable and efficient oilfield services. This geographical diversification not only enables KLX to manage seasonal and market fluctuations but also positions the company as a resilient entity in a volatile industry.
Service Excellence and Technical Expertise
KLX distinguishes itself through its commitment to quality and technical proficiency. The firm’s portfolio covers critical aspects of oilfield operations, such as drilling support, completion technologies, production enhancement, and intervention services. By maintaining a robust network of service and support facilities along with a skilled team of over 1,000 professionals nationwide, KLX is able to respond swiftly to the operational needs of its clients.
Operational Efficiency and Safety
The company’s approach emphasizes not only the safe delivery of services but also the anticipation of operational challenges. Through targeted initiatives focused on optimizing crew utilization, material management, and risk mitigation, KLX supports the continuous improvement of customer operations. This proactive strategy is pivotal in minimizing unexpected disruptions and ensuring a high level of service readiness.
Innovation and In-House Capabilities
KLX’s growth-oriented approach is supported by its investments in innovative technologies and in-house capabilities. The company has developed a suite of proprietary products and services that enhance operational performance, from cutting-edge drilling and completion tools to customized repair and maintenance solutions. These innovations have been key in carving out a competitive niche within the oil and gas sector, allowing the firm to offer tailored solutions that drive operational efficiency and long-term value.
Competitive Landscape
Within a market characterized by volatility and rigorous technical demands, KLX retains a competitive edge by combining diversified service offerings with deep technical knowledge. Its focus on high-margin service lines and geographical diversification enables the company to sustain margins even in challenging market conditions. KLX's extensive service network and strategic operational focus distinguish it from competitors, positioning it as an informed and robust player in the oilfield services arena.
Frequently Addressed Topics
Service Spectrum: KLX offers a broad range of oilfield services designed to manage and optimize drilling, completion, production, and intervention activities.
Geographic Focus: The company’s operational footprint spans key U.S. regions, with a strong presence in the Northeast/Mid-Con area, Rocky Mountains, and Southwest.
Technical Prowess: With extensive in-house manufacturing and repair capabilities, KLX supports its advanced offerings with technical expertise and skilled personnel.
Risk Management: A proactive approach to preventing unexpected issues and managing operational risk is at the core of KLX's service delivery model.
The company’s commitment to operational excellence, coupled with its strong technical foundation, makes it a significant entity in its industry. Designed to address the complexities of onshore production, KLX continues to support industry operators with solutions that are both reliable and innovative. This detailed overview aims to provide investors and market participants with a comprehensive understanding of the company's business model, operational competencies, and market positioning.
KLX Energy Services (NASDAQ: KLXE) has scheduled its 2025 first quarter financial results announcement and conference call for Friday, May 9, 2025 at 10:00 a.m. Eastern Time. The company will release its financial results before the conference call.
Investors can participate through two options: by dialing 1-201-389-0867 or via live webcast at the investor relations website. For those unable to attend, a replay will be available until May 23, 2025, accessible by dialing 1-201-612-7415 with passcode 13753324#. The webcast recording will be available for 90 days on the company's investor website.
KLX Energy Services (KLXE) reported its Q4 and full-year 2024 financial results. For FY2024, the company recorded revenue of $709 million with a net loss of $(53) million and Adjusted EBITDA of $90 million.
Q4 2024 highlights include revenue of $166 million, net loss of $(15) million, and Adjusted EBITDA of $23 million with a 14% margin. The company saw a 12.4% revenue decrease compared to Q3 2024, with service breakdown showing completion services contributing 52%, drilling 22%, production 16%, and intervention 10%.
Post year-end, KLXE completed a refinancing, issuing $232.2 million in 2030 Senior Notes and warrants for 2.37 million shares. For 2025, management expects flat to slightly higher revenue with Adjusted EBITDA margins between 13-15%.
KLX Energy Services Holdings (KLXE) has successfully completed a significant refinancing operation, closing on $232 million senior secured notes due March 2030, accompanied by warrants for company common stock purchase. Additionally, the company has secured a new ABL credit facility due March 2028 with a $125 million commitment, including a first-in-last-out facility with a $10 million commitment and a committed incremental loan option of $25 million. This refinancing package replaces the company's existing 2025 senior secured notes.
KLX Energy Services Holdings (Nasdaq: KLXE) has announced a schedule change for its 2024 Fourth Quarter and Year End Conference Call, moving it forward to March 13, 2025. The company will release its financial results before the live conference call, which is scheduled for 10:00 a.m. Eastern Daylight Time (9:00 a.m. Central Daylight Time).
The company also expects to complete its previously announced refinancing transactions on March 12, 2025, subject to closing processes. For those unable to attend the live call, a replay will be available through March 27, 2025, accessible by dialing 1-201-612-7415 with passcode 13751933#. Additionally, a webcast archive will be available at the investor relations website for 90 days following the call.
KLX Energy Services Holdings (NASDAQ: KLXE) has announced a significant refinancing initiative, entering into agreements to refinance its existing 2025 senior secured notes with new $232 million senior secured notes due March 2030. The company has also secured a new ABL credit facility due March 2028 with a $125 million commitment, including a $10 million first-in-last-out facility and a $25 million committed incremental loan option.
The refinancing is expected to close around March 11, 2025. The company reports strong Q4 2024 performance, with revenue expected at the midpoint of guidance and Adjusted EBITDA margin exceeding the high-end of previous guidance, despite a 5% decline in U.S. rig count. This performance is attributed to the company's focus on cost controls and favorable mix shifts in product service lines.
KLX Energy Services Holdings reported Q3 2024 financial results with revenue of $189 million, representing a 4.8% increase from Q2 2024. The company posted a net loss of $(8) million and diluted loss per share of $(0.51). Adjusted EBITDA was $28 million with a 15% margin. The company maintained a cash balance of $83 million with total debt of $285 million. Management expects a Q4 2024 sequential revenue decline of 10% to 14% due to seasonality and customer budget exhaustion. By end market, completions contributed the largest share at 54% of revenue, followed by drilling at 21%, production at 16%, and intervention at 9%.
KLX Energy Services (NASDAQ: KLXE) has announced it will release its 2024 third quarter financial results before hosting a live conference call on Friday, November 1, 2024, at 11:00 a.m. Eastern Time. The earnings call will be accessible via phone by dialing 1-201-389-0867 or through a live webcast at the investor relations website. A replay will be available through November 15, 2024, using passcode 13749567#, and the webcast archive will be accessible for 90 days.
KLX Energy Services Holdings (KLXE) reported Q2 2024 results with revenue of $180 million, a 3.1% increase from Q1. The company posted a net loss of $8 million and diluted loss per share of $0.49. Adjusted EBITDA improved 125% sequentially to $27 million, with a margin of 15%. KLX implemented $16 million in annualized cost reductions during the quarter. The company's cash balance increased to $87 million, with total debt at $285 million. KLX reaffirmed its Q3 2024 guidance, expecting revenue to be flat to slightly up compared to Q2, with similar Adjusted EBITDA margins.
KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) has announced its schedule for the 2024 second quarter earnings release and conference call. The company will report its financial results before the live conference call, which is set for Thursday, August 8, 2024, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Interested parties can access the call via phone by dialing 1-201-389-0867 or through a live webcast available on the company's investor relations website. For those unable to attend the live call, a replay will be accessible until August 22, 2024, by dialing 1-201-612-7415 with passcode 13747369#. Additionally, an archive of the webcast will be available on the company's website for 90 days following the call.
KLX Energy Services Holdings (NASDAQ: KLXE) has released preliminary financial results for Q2 2024. Despite a 7% decline in rig count, the company expects revenue to increase by approximately 3% sequentially to $178-$182 million. KLX anticipates an Adjusted EBITDA of $24-$27 million with margins between 14-15%, showing significant sequential improvement. The company implemented $16 million in annualized cost reductions and expects to generate $5-$11 million in Levered Free Cash Flow. KLX's cash balance increased to approximately $87 million, with total debt at $285 million and net debt at $198 million. The company's liquidity stands at about $126 million, including cash and borrowing availability.
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