KLX Energy Services Holdings Inc
NASDAQ:KLXE
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KLX Energy Services Holdings Inc
NASDAQ:KLXE
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I Sens Inc
KOSDAQ:099190
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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).
Revenue: KLX reported Q4 revenue of approximately $157 million, in line with guidance, and expects Q1 2026 revenue of $145 million to $150 million and Q2 revenue of $160 million to $170 million.
Profitability: Q4 adjusted EBITDA was approximately $23 million with an adjusted EBITDA margin of about 14%, the company’s highest quarterly profitability in 2025.
Regional strength: Northeast Mid‑Con stood out: revenue of $69.6 million, adjusted EBITDA of $15.1 million and margin of 25.3%; dry gas revenue in that segment rose 5.3% sequentially and 44% year‑over‑year.
Balance sheet & liquidity: Total debt $258.3 million, available liquidity about $56 million; net leverage 4.07x vs covenant 4.5x and the company proactively amended the indenture to keep the covenant at 4.5x through March 31, 2027 and to exclude capital leases from the leverage calculation during that period.
Capital allocation: Net CapEx was about $33 million in 2025; 2026 gross CapEx guidance ~$40 million and net CapEx $30 million to $35 million, largely maintenance spend.
Cash management: Q4 cash from operations $13 million, unlevered free cash flow $15 million; interest was paid partly in PIK (Q4: 1/3 PIK; Jan–Feb 2026: 75% PIK).
Outlook & market view: Management expects Q1 to be the low point and a gradual recovery led by gas‑directed basins, with 2026 revenue budgeted broadly flat to slightly up vs 2025 and most improvement in H2.
