KLX Energy Services
KLXE

$6.56

0.15%

Market Cap: 111M

About: KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region. It derives maximum revenue from Northeast/Mid-Con region.

Employees: 1,919

Energy Oil & Gas Field Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

15% more funds holding

Funds holding: 74 [Q4 2023] → 85 (+11) [Q1 2024]

1.39% more ownership

Funds ownership: 43.5% [Q4 2023] → 44.89% (+1.39%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

12% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 25

28% less capital invested

Capital invested by funds: $80.4M [Q4 2023] → $58.1M (-$22.3M) [Q1 2024]

68% less call options, than puts

Call options by funds: $246K | Put options by funds: $777K

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$4.50

31%

downside

Avg. target

$7.50

14%

upside

High target

$11.50

75%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Piper Sandler Luke Lemoine	31%downside $4.5	Neutral Maintained	15 Jul 2024
Piper Sandler Luke Lemoine	1%downside $6.5	Neutral Maintained	20 May 2024
Piper Sandler Luke Lemoine	75%upside $11.5	Neutral Maintained	11 Mar 2024

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Financial journalist opinion

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

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. (KLXE) Q1 2024 Earnings Call Transcript

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

Zacks Investment Research

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

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

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

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

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

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

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

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

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

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. (KLXE) Q4 2023 Earnings Call Transcript

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

Zacks Investment Research

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

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

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

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

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