Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
29 August 2018Website:
http://www.klxenergy.comNext earnings report:
09 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 27 min agoDividend
Analysts recommendations
Institutional Ownership
KLXE Latest News
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 (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 is a growing oil and gas service company operating in US shale basins. The company has shifted from losses to profits, indicating improved financial performance. We believe KLXE will refinance costly bonds in late 2023 or early 2024, which will further improve its balance sheet.
Oil has had its day in the sun, now with prices retreating the whole sector is feeling it.
KLX Energy Services (KLXE) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to loss of $1.98 per share a year ago.
What type of business is KLX Energy Services Holdings?
KLX Energy Services Holdings, Inc. provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; and downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals. The company also offers coiled tubing and nitrogen services; pressure control products and services; wellhead and hydraulic fracturing rental products and services; flowback and testing services; and wireline services. In addition, it offers toe sleeves; wet shoe cementing bypass subs; composite plugs; dissolvable plugs; liner hangers; stage cementing tools, inflatables, float and casing equipment; retrievable completion tools; cementing products and services; thru-tubing technologies and services; rig assist snubbing services; and acidizing and pressure pumping services. Further, the company provides production services comprising maintenance-related intervention services; production blow out presenters; mechanical wireline services; slick line services; hydro-testing services; premium tubulars; and other specialized production tools. It also provides intervention services consisting of technicians and equipment that are focused on providing customers engineered solutions to downhole complications. The company offers a range of technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. KLX Energy Services Holdings, Inc. was incorporated in 2018 and is headquartered in Houston, Texas.
What sector is KLX Energy Services Holdings in?
KLX Energy Services Holdings is in the Energy sector
What industry is KLX Energy Services Holdings in?
KLX Energy Services Holdings is in the Oil & Gas Equipment & Services industry
What country is KLX Energy Services Holdings from?
KLX Energy Services Holdings is headquartered in United States
When did KLX Energy Services Holdings go public?
KLX Energy Services Holdings initial public offering (IPO) was on 29 August 2018
What is KLX Energy Services Holdings website?
https://www.klxenergy.com
Is KLX Energy Services Holdings in the S&P 500?
No, KLX Energy Services Holdings is not included in the S&P 500 index
Is KLX Energy Services Holdings in the NASDAQ 100?
No, KLX Energy Services Holdings is not included in the NASDAQ 100 index
Is KLX Energy Services Holdings in the Dow Jones?
No, KLX Energy Services Holdings is not included in the Dow Jones index
When was KLX Energy Services Holdings the previous earnings report?
No data
When does KLX Energy Services Holdings earnings report?
The next expected earnings date for KLX Energy Services Holdings is 09 August 2024