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KLXE

KLX Energy Services Holdings, Inc.

KLXE

KLX Energy Services Holdings, Inc. • NASDAQ
$1.66 ▲ 3.75% (+0.06)
Market Cap $29.61 M
52w High $7.40
52w Low $1.46
Dividend Yield 0%
P/E -0.39
Volume 34.35K
Outstanding Shares 17.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $166.7M ▲ $39.2M ▲ $-14.3M ▲ -8.578% ▲ $-0.74 ▲ $20.2M ▲
Q2-2025 $159M ▲ $18.4M ▼ $-19.9M ▲ -12.516% ▲ $-1.04 ▲ $15M ▲
Q1-2025 $154M ▼ $47.9M ▲ $-27.9M ▼ -18.117% ▼ $-1.71 ▼ $7.3M ▼
Q4-2024 $165.5M ▼ $43M ▼ $-14.6M ▼ -8.822% ▼ $-0.9 ▼ $20.6M ▼
Q3-2024 $188.9M $45.5M $-8.2M -4.341% $-0.51 $25.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.3M ▼ $358.2M ▼ $418.6M ▲ $-60.4M ▼
Q2-2025 $17.3M ▲ $369.5M ▼ $416.7M ▲ $-47.2M ▼
Q1-2025 $14.6M ▼ $379.1M ▼ $405.7M ▼ $-26.6M ▼
Q4-2024 $91.6M ▲ $456.3M ▼ $466.8M ▼ $-10.5M ▼
Q3-2024 $82.7M $486.8M $484.3M $2.5M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.3M ▲ $13.5M ▼ $-7.8M ▲ $-14.6M ▼ $-8.9M ▼ $1.5M ▼
Q2-2025 $-19.9M ▲ $19.1M ▲ $-11.1M ▼ $-13.4M ▲ $-5.4M ▲ $6.4M ▲
Q1-2025 $-27.9M ▼ $-37.6M ▼ $-10.2M ▲ $-21.1M ▼ $-68.9M ▼ $-52.6M ▼
Q4-2024 $-14.6M ▼ $26M ▲ $-10.5M ▲ $-6.6M ▼ $8.9M ▲ $10.7M ▲
Q3-2024 $-8.2M $17.3M $-18.4M $-3.1M $-4.2M $-3.7M

Revenue by Products

Product Q4-2022Q1-2023Q2-2023Q4-2023
Rocky Mountains
Rocky Mountains
 $70.00M ▲$70.00M ▲$70.00M ▲$140.00M ▲

Five-Year Company Overview

Income Statement

Income Statement KLX has grown its business meaningfully from the depths of 2020, with revenue roughly more than doubling from those levels at its recent peak. Profitability has improved as well: gross margins have moved from negative to solidly positive, and the company has been able to post operating profits in some recent years. However, the earnings record is still uneven. After a profitable year, the company slipped back into a modest loss most recently, suggesting that profitability is still sensitive to activity levels, pricing, and cost control. Earnings per share have been very volatile, reflecting both business swings and past capital structure changes. Overall, the trend shows operational improvement, but not yet a stable, dependable earnings profile.

Balance Sheet

Balance Sheet The balance sheet looks tight and somewhat fragile. Total assets have grown only modestly over time, while debt sits at a relatively high level compared with the size of the company. Shareholder equity has hovered around breakeven and recently turned slightly negative again, which signals a thin capital cushion and higher financial risk if industry conditions weaken. Cash on hand has improved compared with earlier years but remains limited relative to debt and business needs. In simple terms, KLX carries a meaningful debt load and does not have a lot of balance sheet slack, so the company is more exposed to downturns or operational missteps than a more strongly capitalized peer.

Cash Flow

Cash Flow Cash generation has improved, but remains choppy. Over the past few years, KLX has generally produced positive cash flow from operations, which is an encouraging sign that the core business can generate cash in typical conditions. Free cash flow, however, has only been clearly positive in one recent year, as ongoing investment needs absorb much of that operating cash. The company continues to spend on equipment and tools to support its service lines, which is necessary for competitiveness but keeps free cash flow thin or slightly negative in weaker periods. This pattern points to a business that can fund itself in good years, but may need careful cash management when conditions soften.

Competitive Edge

Competitive Edge KLX competes in a tough, cyclical oilfield services market, but it has carved out a differentiated spot. It offers a broad set of services across the life of a well and operates in most major U.S. shale basins, which helps diversify its revenue by region and customer. Its customer base is wide, with no single client dominating, reducing dependence on any one operator. The company’s edge comes from combining proprietary tools with integrated service offerings and in-house manufacturing and repair. That said, it still operates in a highly competitive, price‑sensitive industry dominated by larger players, and is heavily tied to North American drilling and completion activity, which can swing quickly with commodity prices.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for KLX. The company has built a proprietary suite of downhole completion tools, including extended‑reach technologies and dissolvable plugs aimed at making complex horizontal wells faster, cheaper, and safer to complete. This VISION toolset, along with other internally developed products, is designed to solve specific technical challenges, not just provide generic equipment. KLX also invests in engineering support, custom tool design, and in‑house manufacturing, which shortens the cycle from idea to field deployment. It is targeting growth areas such as gas‑focused basins tied to LNG demand and is open about using acquisitions to add technologies and expand its footprint. The opportunity is that continued innovation can support pricing power and customer loyalty; the risk is execution—new tools must reliably perform, and integration of acquired technologies needs to be smooth.

Summary

KLX has moved from deep losses toward a more viable, though still volatile, operating profile. Revenues have rebounded strongly since 2020, margins are far healthier, and operating cash flow is generally positive. At the same time, profitability remains uneven and the capital structure is thin, with high leverage and minimal equity providing little margin for error. Strategically, the company differentiates itself through proprietary tools, integrated services, broad basin coverage, and a diversified customer base. Its focus on complex wells and gas‑directed markets, backed by engineering and in‑house manufacturing, offers real competitive advantages if industry activity holds up. Key things to watch include: consistency of earnings across cycles, progress in strengthening the balance sheet, the ability to sustain positive free cash flow, customer adoption of its proprietary technologies, and disciplined execution on any acquisitions. The company is positioned as an innovative niche player with clear strengths, but its financial structure and industry cyclicality introduce meaningful ongoing risk.

NEWS

November 13, 2025 · 7:00 AM UTC

KLX Energy Services Announces Q4 2025 Investor Relations Schedule

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November 5, 2025 · 4:14 PM UTC

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS THIRD QUARTER 2025 RESULTS

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October 20, 2025 · 4:15 PM UTC

KLX Energy Services Announces 2025 Third Quarter Earnings Release and Conference Call Schedule

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