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Mar 31, 2024
KLX Energy Services Q1 2024 Earnings Report
Reported first quarter 2024 results, facing challenges from weather and operator delays but exited the quarter with a stronger Adjusted EBITDA run-rate.
Key Takeaways
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.
Revenue for the first quarter of 2024 totaled $175 million.
Net loss for the first quarter of 2024 was $(22) million.
Adjusted EBITDA for the first quarter of 2024 was $12 million.
The company set a new US coiled tubing depth record of 28,915 feet.
KLX Energy Services
KLX Energy Services
KLX Energy Services Revenue by Segment
Revenue by Segment
Rocky Mountains Revenue
CapyFin.comSouthwest Revenue
CapyFin.comNortheast/Mid-Con Revenue
CapyFin.com Forward Guidance
KLX expects second quarter 2024 revenue to be between $180 million and $200 million, with an adjusted EBITDA margin between 9% and 11%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income