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. provides diversified oilfield services to onshore oil and natural gas exploration and production companies in conventional and unconventional U.S. basins. Its updates center on drilling, completion, production and intervention activity for technically demanding wells, supported by proprietary products, specialized services, and in-house manufacturing, repair and maintenance capabilities.
Company news commonly covers quarterly and annual results, Adjusted EBITDA and liquidity disclosures, earnings-call schedules, investor conference participation, and management changes. KLX also reports conditions affecting U.S. land drilling, completion and production demand, including commodity-price volatility and oilfield-services activity levels.
KLXE reported a revenue of $152.3 million for Q1 2022, marking a 61% increase from the Transition Fourth Quarter. However, the company faced a net loss of $19.9 million and a 27% decrease in Adjusted EBITDA compared to the Pro Forma Prior Year Fourth Quarter. Despite challenges including Omicron and weather disruptions, KLXE is optimistic about Q2, forecasting a 16% to 20% revenue increase and Adjusted EBITDA margins of 7% to 9%. The company ended the quarter with $54.6 million in available liquidity.
KLX Energy Services Holdings, Inc. (KLXE) announced it will report its first quarter 2022 financial results before a live earnings conference call on May 13, 2022, at 10:00 a.m. ET. Interested participants can join via phone or a live webcast. For those unable to attend the live call, a replay will be available until May 27, 2022. KLXE is a growth-oriented provider of oilfield services across major U.S. basins, delivering critical services focused on well drilling, completion, and production activities.
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.