KLX Energy Sees Revenue Growth Despite Net Loss

KLX Energy Services Holdings ( (KLXE) ) has provided an announcement.

KLX Energy Services Holdings reported a revenue of $189 million for Q3 2024, marking a 4.8% increase from the previous quarter, despite a net loss of $8 million. The company’s diverse product and service lines helped sustain margins amidst market volatility, demonstrating resilience in the face of declining rig counts. KLX is optimistic about 2025, with constructive discussions underway with both new and existing customers, indicating positive momentum for future drilling and production programs.

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