An announcement from KLX Energy Services Holdings ( (KLXE) ) is now available.
KLX Energy Services Holdings reported its financial results for the fourth quarter and full year of 2024, highlighting a revenue of $709 million and a net loss of $53 million for the year. Despite seasonal challenges, the company achieved an adjusted EBITDA margin improvement and successfully refinanced its senior secured notes, enhancing financial flexibility. The company anticipates stable or slightly increased revenue in 2025, driven by potential growth in gas-directed activities due to rising LNG export capacity.
More about KLX Energy Services Holdings
KLX Energy Services Holdings, Inc. operates in the energy sector, providing oilfield services and equipment. The company focuses on technology-driven services, rentals, and coiled tubing businesses, catering to the onshore oil and gas market in the United States.
YTD Price Performance: -17.10%
Average Trading Volume: 175,710
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $76.04M
For detailed information about KLXE stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com