Klx Energy Services Holdings ( (KLXE) ) has released its Q4 earnings. Here is a breakdown of the information Klx Energy Services Holdings presented to its investors.
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KLX Energy Services Holdings, Inc. is a growth-oriented provider of diversified oilfield services, offering drilling, completion, production, and intervention services to onshore oil and gas exploration companies across the United States. The company is recognized for its mission-critical services and innovative in-house manufacturing capabilities.
KLX Energy Services Holdings recently reported its financial results for the fourth quarter and full year of 2024. Despite facing seasonal challenges, the company achieved a fourth-quarter revenue of $166 million and an adjusted EBITDA margin of 14%, surpassing prior guidance. For the full year, KLX recorded a revenue of $709 million, with an adjusted EBITDA of $90 million.
Key highlights from the report include a net loss of $53 million for the year, with a net loss margin of 7%. The company successfully completed refinancing efforts, providing increased financial flexibility. Segment-wise, the Rocky Mountains, Southwest, and Northeast/Mid-Con regions reported varying performances, with seasonal declines impacting revenue and profitability.
Looking ahead, KLX Energy Services anticipates flat to slightly increased revenue for 2025, with an adjusted EBITDA margin projected between 13% to 15%. The company remains focused on strategic positioning and operational excellence to capitalize on emerging opportunities in the evolving energy market.