Education
About Us
Working with TipRanks
Follow Us
KLX Energy Services Holdings Inc (KLXE)
NASDAQ:KLXE
RESEARCH TOOLSreports
Top Page
KLX Energy Services Holdings
(NASDAQ:KLXE)
49Neutral
KLX Energy Services Holdings (KLXE) vs. S&P 500 (SPY)
Market Cap
$39.68M
Dividend YieldN/A
Average Volume (3M)231.81K
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue Growth-20.16%
EPS Growth-357.41%
CountryUS
Employees1,726
SectorEnergy
Sector Strength59
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-3.28
Shares Outstanding17,403,370
10 Day Avg. Volume240,500
30 Day Avg. Volume231,806
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.09
Price to Cash Flow (P/CF)0.60
P/FCF Ratio0.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
KLX Energy Services Holdings Business Overview & Revenue Model
Company DescriptionKLX Energy Services Holdings, Inc. (KLXE) is a leading provider of mission-critical oilfield services focused on the completion, intervention, and production segments of the oil and gas industry. The company operates across multiple basins in the United States, offering a comprehensive portfolio of products and services, including pressure control, wireline, coiled tubing, and fluid management, to enhance the operational efficiency of its clients.
How the Company Makes MoneyKLX Energy Services Holdings generates revenue primarily through the provision of specialized oilfield services to exploration and production (E&P) companies. The company earns income by charging fees for its services, which include pressure pumping, wireline services, and coiled tubing, as well as rental and sale of related equipment. KLXE's diverse service offerings are designed to optimize the productivity and safety of oil and gas wells throughout their lifecycle. Additionally, the company's strategic location in key U.S. oil basins and its ability to deliver integrated solutions contribute significantly to its earnings. Partnerships with major E&P firms and a strong focus on customer service further bolster KLXE's revenue streams.
KLX Energy Services Holdings Financial Statement Overview
Summary
KLX Energy Services Holdings faces significant financial challenges with fluctuating revenues, negative profitability, and a weak balance sheet characterized by negative equity. While operational cash flow is positive, indicating some operational resilience, the overall financial health is concerning with high leverage and ongoing profitability issues.Income Statement
The company's revenue has shown fluctuation over the years, with a notable decrease in 2024 compared to 2023. The gross profit margin improved in 2023 but decreased in 2024. However, the net profit margin has been negative, reflecting persistent profitability challenges. The EBIT margin also turned negative in 2024, indicating further operational inefficiencies.55
Neutral
Balance Sheet
The balance sheet shows a concerning negative stockholders' equity in recent years, indicating financial instability. The debt-to-equity ratio is difficult to interpret due to negative equity. The equity ratio is similarly impacted, reflecting a risky financial structure with liabilities exceeding assets.40
Negative
Cash Flow
Operating cash flow has been positive in recent years, indicating some operational cash generation, but free cash flow data for 2024 is missing. The ratio of operating cash flow to net income has been favorable, suggesting efficient cash management, though profitability remains a concern.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 709.30M | 888.40M | 781.60M | 436.10M | 276.80M | Gross Profit |
| 159.60M | 215.90M | 160.30M | -6.40M | -38.00M | EBIT |
| -15.50M | 56.90M | 32.50M | -61.10M | -301.10M | EBITDA |
| 81.00M | 131.50M | 89.30M | -10.20M | -242.10M | Net Income Common Stockholders |
| -53.00M | 19.20M | -3.10M | -93.80M | -332.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 91.60M | 112.50M | 57.40M | 28.00M | 47.10M | Total Assets |
| 456.30M | 539.80M | 465.90M | 387.70M | 362.70M | Total Debt |
| 344.90M | 365.40M | 350.90M | 336.90M | 250.20M | Net Debt |
| 253.30M | 252.90M | 293.50M | 308.90M | 203.10M | Total Liabilities |
| 466.80M | 501.00M | 481.70M | 439.10M | 330.60M | Stockholders Equity |
| -10.50M | 38.80M | -15.80M | -51.40M | 32.10M |
| Cash Flow | Free Cash Flow | |||
| -10.90M | 58.50M | -19.90M | -66.60M | -77.10M | Operating Cash Flow |
| 54.20M | 115.60M | 15.70M | -55.60M | -64.90M | Investing Cash Flow |
| -51.10M | -39.70M | -18.70M | 4.50M | -11.90M | Financing Cash Flow |
| -24.00M | -20.80M | 32.40M | 32.00M | 400.00K |
KLX Energy Services Holdings Technical Analysis
Negative
2.28
Price Trends
4.35
Negative
4.92
Negative
5.29
Negative
Market Momentum
-0.32
Positive
36.99
Neutral
18.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLXE, the sentiment is Negative. The current price of 2.28 is below the 20-day moving average (MA) of 3.72, below the 50-day MA of 4.35, and below the 200-day MA of 5.29, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 36.99 is Neutral, neither overbought nor oversold. The STOCH value of 18.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KLXE.
KLX Energy Services Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $10.58B | 13.15 | 27.06% | 0.79% | 16.23% | 1403.29% | |
70 Outperform | $933.35M | 10.16 | 8.55% | 3.70% | -12.52% | -52.79% | |
63 Neutral | $1.79B | 5.92 | 16.54% | 2.72% | -9.11% | -40.79% | |
58 Neutral | $539.57M | ― | -15.19% | ― | -11.42% | -278.57% | |
57 Neutral | $7.70B | 4.18 | -3.52% | 8.32% | 0.35% | -64.68% | |
49 Neutral | $39.68M | ― | -375.26% | ― | -20.16% | -357.41% | |
42 Neutral | $454.52M | ― | -89.17% | ― | -2.52% | -450.75% |
* Energy Sector Average
Performance Comparison
KLXE
KLX Energy Services Holdings
2.28
-5.50
-70.69%
FTI
TechnipFMC
25.16
-1.27
-4.81%
NBR
Nabors Industries
28.95
-59.24
-67.17%
RES
RPC
4.32
-3.38
-43.90%
PUMP
Propetro Holding
5.23
-3.13
-37.44%
LBRT
Liberty Oilfield Services
11.04
-10.77
-49.38%
KLX Energy Services Holdings Earnings Call Summary
Earnings Call Date: Mar 12, 2025 | % Change Since: -50.97% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Neutral
The earnings call highlights KLX Energy's strategic refinancing, strong safety record, and operational flexibility, despite challenges such as revenue declines and seasonal sensitivity affecting some segments. The company's focus on cost controls and market share expansion underscores optimism for future growth.Highlights
Successful Refinancing Efforts
KLX Energy successfully refinanced their 2025 notes and ABL, extending maturities to 2030 and 2028, respectively. This was achieved despite a challenging market environment, positioning the company for strategic execution.
Strong Safety Record
In 2024, KLX achieved a TRIR of 0.63 and LTIR of 0.22, well below industry averages, reflecting a robust safety culture.
Full Year Revenue Growth
Reported full year 2024 revenue of $709 million, driven by a leading customer base and expansion of market share with key customers.
Adjusted EBITDA Margin Improvement
The 2024 full year adjusted EBITDA was $90 million, with an adjusted EBITDA margin of approximately 13%, focusing on further expansion in 2025.
Launch of Gen 2 OraclE-SRT
KLX launched the Gen 2 OraclE-SRT, demonstrating operational excellence and capturing market share with this upgraded suite of proprietary tools.
Operational Flexibility
KLX maintained positive momentum with a diversified service line, demonstrating resilience across varied market conditions.
Lowlights
Q4 Revenue Decline
Q4 2024 revenue was $166 million, a 12% sequential decrease and a 15% decrease compared to the prior year fourth quarter.
Seasonal Sensitivity in Rockies
Rocky Mountains segment saw a 20% sequential revenue decrease in Q4 2024, attributable to winter seasonality and budget exhaustion.
Challenges in Northeast/Mid-Con
Revenue in the Northeast/Mid-Con decreased by 4.4% sequentially in Q4 2024, driven by decreased completion activity and winter breaks.
Higher Q1 Working Capital Needs
2024 marked improvements in working capital management, but Q1 2025 is expected to be the most working capital-intensive quarter.
Company Guidance
During the KLX Energy Services 2024 Fourth Quarter and Year-End Earnings Conference Call, management provided guidance for 2025, projecting flat to slightly increased revenue compared to 2024. However, they emphasized a focus on expanding adjusted EBITDA and adjusted EBITDA margins, anticipating a range between 13% to 15% for 2025. The company reported a successful refinancing of their notes and asset-based lending (ABL) facilities, extending maturities and reducing notes outstanding. They highlighted a strategic focus on cost controls and mix shift in product service line (PSL) contributions, which contributed to a significant margin improvement in 2024 despite declines in revenue and rig count. For 2025, KLX expects increased activity in gas-directed basins, particularly in the Haynesville, driven by rising LNG export demand, and anticipates this will support service pricing and utilization. Additionally, the company plans capital expenditures in the range of $45 million to $55 million, with a focus on maintaining and enhancing their asset base.KLX Energy Services Holdings Corporate Events
Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
KLX Energy Services Reports 2024 Financial Results
Neutral
Mar 12, 2025
KLX Energy Services Holdings reported its financial results for the fourth quarter and full year of 2024, highlighting a revenue of $709 million and a net loss of $53 million for the year. Despite seasonal challenges, the company achieved an adjusted EBITDA margin improvement and successfully refinanced its senior secured notes, enhancing financial flexibility. The company anticipates stable or slightly increased revenue in 2025, driven by potential growth in gas-directed activities due to rising LNG export capacity.
Private Placements and FinancingBusiness Operations and Strategy
KLX Energy Services Secures $232M Refinancing Deal
Positive
Mar 12, 2025
On March 12, 2025, KLX Energy Services Holdings, Inc. announced the closing of a refinancing deal involving the issuance of approximately $232 million in senior secured notes due March 2030 and the establishment of a new $125 million ABL credit facility due March 2028. This strategic financial maneuver aims to enhance the company’s capital structure and support its operational capabilities, potentially strengthening its market position and providing flexibility for future investments.
Private Placements and FinancingBusiness Operations and Strategy
KLX Energy Services Plans Conditional Note Redemption
Neutral
Feb 28, 2025
On February 28, 2025, KLX Energy Services Holdings announced a conditional redemption of its 11.500% Senior Secured Notes due 2025, with plans to redeem all outstanding notes on March 30, 2025, contingent upon securing a debt financing transaction. This move is part of the company’s financial strategy to manage its debt obligations, potentially impacting its financial stability and stakeholder confidence.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.