KLX Energy Services Holdings Inc
NASDAQ:KLXE
KLX Energy Services Holdings Inc
KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. The company is headquartered in Houston, Texas and currently employs 1,520 full-time employees. The company went IPO on 2018-08-29. The company delivers oilfield services to oil and gas companies. Its services include drilling, coiled- tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Its rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, plugs, composite plugs and accommodation units. The company operates in three segments on a geographic basis, including the Southwest Region (the Permian Basin and the Eagle Ford), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica as well as the Mid-Continent STACK and SCOOP and Haynesville).
KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. The company is headquartered in Houston, Texas and currently employs 1,520 full-time employees. The company went IPO on 2018-08-29. The company delivers oilfield services to oil and gas companies. Its services include drilling, coiled- tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Its rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, plugs, composite plugs and accommodation units. The company operates in three segments on a geographic basis, including the Southwest Region (the Permian Basin and the Eagle Ford), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica as well as the Mid-Continent STACK and SCOOP and Haynesville).
Quarterly Beat: KLX Energy delivered its strongest quarter of the year, with revenue and adjusted EBITDA both exceeding prior guidance despite industry headwinds.
Revenue Growth: Revenue rose 5% sequentially to $167 million, outpacing the decline in US land rig and frac spread counts.
Margin Expansion: Adjusted EBITDA margin improved by 100 basis points sequentially to 13%, driven by cost controls and operational efficiency.
Northeast Mid-Con Strength: The Northeast Mid-Con segment saw a standout 29% revenue increase and the highest margins in three years.
Cost Discipline: Adjusted SG&A dropped 30% year over year and 18% sequentially, reflecting successful cost control initiatives.
Guidance: Management expects a typical seasonal Q4 revenue decline in the mid-single digits, with stable margins and strong free cash flow.
Liquidity: The company ended Q3 with $65 million in liquidity and expects further improvement by year-end.
2026 Outlook: Management anticipates continued operational efficiency, potential activity rebound, and is positioned for profitable growth as market conditions improve.
