KLX Energy Services Earnings Reports

KLX Energy Services posted Q4 2024 revenue of $165.5 million, reflecting a 12.4% decline compared to the prior quarter. The company reported a net loss of $14.7 million and an adjusted EBITDA of $22.7 million, with a 13.7% adjusted EBITDA margin. Seasonal slowdowns and budget exhaustion impacted activity across segments, but cost control efforts helped maintain profitability in key services.

KLX Energy Services Holdings, Inc. reported revenue of $189 million for the third quarter of 2024. The company faced continued market volatility and customer consolidation, but still generated the third-highest level of quarterly revenue per average US-operated land rig since the KLX-QES merger in 2020. Net loss for the quarter was $(8) million, with an adjusted EBITDA of $28 million.

KLX Energy Services Holdings, Inc. reported a 3.1% sequential increase in revenue to $180.2 million. Adjusted EBITDA improved by 125% to $27.0 million, and Adjusted EBITDA margin grew to 15.0%. The company enacted approximately $16 million of annualized cost reductions and experienced a rebound in higher-margin production and intervention activity.

KLX Energy Services Holdings, Inc. reported a revenue of $175 million for the first quarter of 2024. The company experienced a net loss of $(22) million, with an adjusted EBITDA of $12 million. The results were impacted by weather conditions and operator-initiated safety standdowns.

KLX Energy Services Holdings, Inc. reported Q4 2023 financial results, including revenue of $194 million and a net loss of $(9) million. Despite the quarterly loss, the company achieved record annual revenue, Adjusted EBITDA, and free cash flow for the full year 2023.

KLX Energy Services Holdings, Inc. reported third quarter 2023 financial results with revenue of $221 million and net income of $8 million. The company's adjusted EBITDA was $37 million, and it ended the quarter with a cash balance of $90 million.

KLX Energy Services Holdings, Inc. reported a revenue of $234.0 million. Net income was $11.4 million, with adjusted EBITDA reaching $39.7 million. The company generated $47.3 million in levered free cash flow and reduced net debt sequentially by 17%.

KLX Energy Services Holdings, Inc. reported a record first quarter in 2023. Revenue reached $239.6 million, a 7% sequential increase. Net income was $9.4 million, with a diluted EPS of $0.65. Adjusted EBITDA stood at $38.2 million, a 2% sequential increase. The company also completed the acquisition of Greene’s Energy Group, LLC on March 8, 2023.

KLX Energy Services Holdings, Inc. reported a revenue of $223.3 million and net income of $13.2 million for Q4 2022. The company's strategy of analyzing key performance indicators to improve price and asset utilization led to materially improved results. KLX anticipates Q1 2023 revenue to be between $225.0 million to $230.0 million and Adjusted EBITDA to be in the range of $30.0 million to $35.0 million.

KLX Energy Services Holdings, Inc. reported strong third-quarter results with a 20% sequential increase in revenue to $221.6 million. Net income was $11.1 million, with EPS of $0.96 per share. Adjusted EBITDA increased by 113% sequentially to $37.1 million, representing a 16.7% margin. The company generated $18.5 million in net cash flow from operating activities and ended the quarter with $41.4 million in cash.

KLX Energy Services Holdings, Inc. reported a revenue of $184.4 million for the second quarter of 2022, representing a 21% sequential increase. The company's net loss improved by 62% sequentially to $7.5 million, and Adjusted EBITDA increased by 255% sequentially to $17.4 million. The company anticipates sequential revenue growth of 9% to 13% and an Adjusted EBITDA margin of 10% to 12% for the third quarter.

KLX Energy Services reported revenue of $186.5 million for Q1 2022, an increase compared to the previous year. However, the company experienced a net loss of $1.7 million, or $(0.15) per share, and an adjusted EBITDA of $17.4 million, impacted by weather and supply chain issues.

KLX Energy Services reported a pro forma revenue of $145.0 million for Q4 2021, a 13% increase compared to the previous quarter. Adjusted EBITDA for the quarter was $6.7 million, a 63% increase sequentially.

KLX Energy Services Holdings, Inc. reported a 24.2% sequential increase in revenue, reaching $139.0 million in Q3 2021. The net loss improved by 24.8% to $18.8 million, and Adjusted EBITDA increased significantly to $5.0 million. The company's cash balance also saw a slight increase to $40.8 million.

KLX Energy Services Holdings, Inc. reported a 23% sequential increase in revenue for the fiscal second quarter of 2021, exceeding guidance. The company achieved positive Adjusted EBITDA for the first time since fiscal first quarter 2020, driven by improved pricing, activity levels, and cost savings.