KLXE
KLX Energy Services Holdings, Inc.1.6400
-0.1100-6.29%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
29.26MP/E (TTM)
-Basic EPS (TTM)
-4.26Dividend Yield
0%Recent Filings
8-K
8-K
8-K
8-K
Q2 revenue up, EBITDA jumps
KLX Energy Services reported Q2 2025 revenue of $159 million, up 3% sequentially despite a 7% drop in U.S. land rig count, fueled by higher utilization in Rockies and Northeast/Mid-Con segments that offset Permian weakness. Adjusted EBITDA surged 34% to $19 million, lifting the margin to 12% from 9% in Q1, showcasing operational leverage. Cash stands at $17 million with $65 million liquidity; total debt dipped 1% to $259 million. Q3 guidance points to low to mid-single-digit revenue growth and further margin expansion. Net debt remains elevated at $241 million.
10-Q
Q2 FY2025 results
KLX Energy Services posted Q2 revenues of $159.0M, down 11.8% y/y from $180.2M amid softer activity and pricing across basins, yet gross margins held at 21.0% despite fixed cost pressures. Operating loss widened to $8.7M from $1.4M income, driven by lower volumes in drilling (down 32.1% y/y) and completion services, while the Rocky Mountains segment eked out $3.3M profit. Net loss hit $19.9M or $1.04 per diluted share on 19.2M shares, with interest expense up to $11.0M from $9.8M due to March's refinancing—swapping $236.3M 2025 notes for $232.2M 2030 notes (cash/PIK at Term SOFR plus margin) plus warrants, alongside a new $125M ABL facility. Cash dipped to $16.7M with $48.7M revolver availability, free cash flow negative at $(39.8M) (derived) after $27.7M capex; no non-GAAP metrics disclosed in the 10-Q. Debt covenants loom tight. Volatility in oil prices tests demand.
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