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) announced that it will report its first quarter financial results for 2023 on May 11, 2023, at 10:00 a.m. Eastern Time. The results will be shared during a live conference call, which can be accessed via phone or webcast. For those unable to attend the live call, a replay will be available until May 25, 2023. KLX specializes in providing diversified oilfield services to onshore oil and natural gas exploration companies across major basins in the United States. The company operates over 50 service facilities and focuses on drilling, completion, production, and intervention activities. More information can be found on their official website.
KLX Energy Services Holdings announced the acquisition of Greene's Energy Group in an all-stock transaction valued at approximately $30.3 million. This acquisition is expected to enhance KLX's frac rental and flowback services, particularly in the Permian and Eagle Ford basins. Greene's reported $68 million in revenue and $5.3 million in net income in 2022. The transaction will result in annualized cost synergies of $2-3 million within 12 months and will be accretive to KLX's financial metrics. After the acquisition, former Greene's shareholders will own about 14.7% of KLX's stock.
KLX Energy Services reported its fourth quarter 2022 results, revealing revenue of $223.3 million, a 0.8% increase from the previous quarter, and net income of $13.2 million, up 18.9% sequentially. The company achieved an Adjusted EBITDA of $37.3 million with a margin of 16.7%. They ended the quarter with $57.4 million in cash, $283.4 million in total debt, and improved net leverage ratio at 1.5x. For Q1 2023, KLX anticipates revenue between $225.0 million and $230.0 million. For the full year, revenue expectations are set between $925.0 million and $975.0 million.
KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) announced preliminary financial results for Q4 2022, projecting revenues between $221.5 million and $223.5 million, with net income estimated at $12.0 million to $13.5 million. Adjusted EBITDA is expected to range from $35.7 million to $37.6 million, while cash reserves have increased to $57.4 million, and total debt is down $12.2 million to $283.4 million. KLX reported a notable improvement in its debt profile, finishing 2022 with a net leverage ratio between 1.5x and 1.6x. A conference call is set for March 9, 2023, to discuss these results further.
KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) announced its participation in the Singular Research "Best of the Uncovered" Investor Conference in San Francisco on December 8, 2022, at 10:45 A.M. EST. Investors can access the presentation and register for the webcast via the KLX website. The company emphasizes its commitment to providing diversified oilfield services across the United States, with over 60 facilities supporting drilling, completion, and production activities. More details can be found on their official website.
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