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KLX Energy Services Q1 2025 Earnings Report
KLX Energy Services reported a decrease in revenue and an increase in net loss for the first quarter of 2025, while Adjusted EBITDA margin improved.
Key Takeaways
KLX Energy Services Holdings, Inc. reported first quarter 2025 financial results with revenue of $154 million, a net loss of $(28) million, and diluted loss per share of $(1.62). Despite a decrease in revenue, the company achieved a 15% increase in Adjusted EBITDA to $14 million, with the Adjusted EBITDA margin improving to 9%.
Revenue for Q1 2025 was $154 million, a decrease from both the previous quarter and the same period last year.
The company reported a net loss of $(28) million and a diluted loss per share of $(1.62) for Q1 2025.
Adjusted EBITDA increased by 15% to $14 million compared to Q1 2024, with the Adjusted EBITDA margin improving to 9%.
Total liquidity stood at $58 million, comprising $15 million in cash and cash equivalents and $43 million in available borrowing capacity.
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 Energy Services is targeting a modest sequential revenue increase, with revenue expected to be up low to mid-single digits on a percentage basis, and margin expansion, despite increased caution in the industry outlook for 2025.
Positive Outlook
- Targeting modest sequential revenue increase.
- Revenue expected to be up low to mid-single digits on a percentage basis.
- Anticipating margin expansion.
- Refinancing efforts completed, enhancing financial flexibility.
- Access to 2019 share repurchase program with approximately $49 million of availability.
Challenges Ahead
- Increased caution and conservatism in the industry's outlook for 2025.
- Concerns about broader economic trends.
- Reduced visibility for commodity prices.
- Reduced visibility for operator activity.
- Subject to guidelines within credit documents for share repurchase program.