Klx Energy Services Holdings Inc Stock Price, News & Analysis

KLX Energy Services Holdings reported financial results for the Transition Fourth Quarter and Transition Period ending December 31, 2021. The Transition Fourth Quarter revenue was $94.4 million, with a net loss of $13.2 million and adjusted EBITDA of $3.6 million. Comparatively, the Pro Forma Fourth Quarter revenue increased by 13% to $145.0 million with adjusted EBITDA rising 63% to $6.7 million. The company ended the year with $28.0 million in cash and $70.4 million in total liquidity, despite incurring $1.6 million in COVID-19 related costs. Looking ahead, KLXE anticipates a revenue increase of 35% to 45% in 2022.

KLX Energy Services Holdings, Inc. (KLXE) announced plans to release its fourth quarter 2021 financial results on March 10, 2022, after market close. A live conference call will follow on March 11, 2022, at 10:00 a.m. ET. This release accompanies a change in the company's fiscal year-end to December 31, standardizing its reporting cycle. As a result, the fiscal year 2021 will span 11 months, ending December 31, 2021. The Annual Report on Form 10-K will cover this transition period.

KLX Energy Services Holdings reported fiscal third-quarter 2021 results, showcasing a revenue increase of 24.2% to $139.0 million compared to the previous quarter. The net loss improved to $18.8 million, down 24.8% from last quarter, while Adjusted EBITDA surged 733.3% to $5.0 million. Cash balance also grew, reaching $40.8 million with total liquidity at $70.8 million. Looking ahead, the company expects revenue for the fourth quarter to be between $140 million and $145 million, indicating continued improvement.

KLX Energy Services Holdings, Inc. (KLXE) will release its fiscal third quarter 2021 financial results on December 9, 2021, after market close. A conference call is scheduled for December 10, 2021, at 10:00 a.m. Eastern Time. Interested participants can join via phone or live webcast. Those unable to attend can access a replay available until December 24, 2021. KLXE is a provider of diversified oilfield services across the U.S., focusing on mission-critical activities in oil and gas exploration and production.

KLX Energy Services Holdings reported a fiscal second quarter 2021 revenue of $111.9 million, marking a 23.2% sequential increase from the first quarter. The net loss decreased to $25.0 million, a 32.1% improvement from the previous quarter. Adjusted EBITDA was $0.6 million, the first positive result since Q1 2020. The company ended the quarter with $57.2 million in available liquidity. Looking ahead, fiscal third quarter revenue is projected to rise by 8% to 12%.

KLX Energy Services Holdings, Inc. (KLXE) announced its fiscal second quarter 2021 financial results will be released on September 9, 2021, post-market. A conference call is scheduled for September 10, 2021, at 10:00 a.m. ET. Investors can join via phone at 1-201-389-0867 or through a live webcast available on their investor relations site. A replay will be accessible until September 17, 2021. KLXE provides diversified oilfield services across the U.S., emphasizing drilling and completion activities.

KLX Energy Services (KLXE) reported fiscal first-quarter 2021 revenue of $90.8 million, a 4.6% increase from the previous quarter. However, the company faced a net loss of $36.8 million, up from $30.5 million in the fourth quarter of 2020, influenced by scheduling issues and Winter Storm Uri. Looking ahead, KLXE expects a 15% to 20% revenue growth in the second quarter, driven by increased drilling and completion activities, along with an additional $4.4 million in annualized cost savings.

KLX Energy Services Holdings (KLXE) will release its fiscal first quarter 2021 financial results on June 9, 2021, after market close. A conference call is scheduled for June 10, 2021, at 10:00 a.m. ET, to discuss these results. Investors can participate by dialing 1-201-389-0867 or via live webcast.

The call will be available for replay until June 17, 2021. KLXE provides diversified oilfield services to major onshore oil and gas companies across the U.S. More details and the webcast link are accessible on their investor relations website.

KLX Energy Services Holdings reported strong fiscal fourth-quarter results for 2020, with revenue of $86.8 million, a 22.4% increase from the prior quarter. The net loss narrowed to $30.5 million, improving by 20.4%. Notably, Adjusted EBITDA loss improved by $2.8 million to $2.6 million. The company ended the quarter with $47.1 million in cash and $82 million in total liquidity. Successful integration of the QES merger led to $46 million in cost synergies, ahead of schedule. Looking forward, KLXE anticipates a strong rebound despite initial challenges posed by Winter Storm Uri.