Welcome to our dedicated page for Klx Energy Services Holdings news (Ticker: KLXE), a resource for investors and traders seeking the latest updates and insights on Klx Energy Services Holdings stock.
KLX Energy Services Holdings Inc (KLXE) provides specialized oilfield services to onshore energy producers across major U.S. basins. This page serves as the definitive source for official company announcements, operational updates, and strategic developments impacting the oil and gas sector.
Investors and industry professionals will find timely updates including quarterly earnings reports, new technology deployments, strategic partnerships, and operational milestones. Our curated collection ensures direct access to primary-source materials without speculative commentary.
The news archive covers essential categories including completion services innovations, production efficiency initiatives, safety protocol updates, and executive leadership changes. All content is organized chronologically to help users identify emerging trends in KLXE's service offerings and market positioning.
For stakeholders monitoring the competitive oilfield services landscape, this resource offers critical insights into KLXE's responses to industry challenges and opportunities. Regular updates reflect the company's focus on risk-managed operations and technological adaptation in evolving energy markets.
Bookmark this page for streamlined access to verified KLXE developments. Combine these updates with broader market analysis to inform your energy sector research and decision-making processes.
KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) has announced its schedule for the 2024 second quarter earnings release and conference call. The company will report its financial results before the live conference call, which is set for Thursday, August 8, 2024, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Interested parties can access the call via phone by dialing 1-201-389-0867 or through a live webcast available on the company's investor relations website. For those unable to attend the live call, a replay will be accessible until August 22, 2024, by dialing 1-201-612-7415 with passcode 13747369#. Additionally, an archive of the webcast will be available on the company's website for 90 days following the call.
KLX Energy Services Holdings (NASDAQ: KLXE) has released preliminary financial results for Q2 2024. Despite a 7% decline in rig count, the company expects revenue to increase by approximately 3% sequentially to $178-$182 million. KLX anticipates an Adjusted EBITDA of $24-$27 million with margins between 14-15%, showing significant sequential improvement. The company implemented $16 million in annualized cost reductions and expects to generate $5-$11 million in Levered Free Cash Flow. KLX's cash balance increased to approximately $87 million, with total debt at $285 million and net debt at $198 million. The company's liquidity stands at about $126 million, including cash and borrowing availability.
KLX Energy Services Holdings, Inc. reported financial results for the first quarter of 2024, with revenue of $175 million, a net loss of $(22) million, and adjusted EBITDA of $12 million. The company set a new US coiled tubing depth record and aims to improve margins through cost-cutting measures. Despite revenue and net loss declines compared to the previous quarter, KLX sees positive momentum in the second quarter and expects revenue of $180-$200 million with an adjusted EBITDA margin of 9-11%.
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