Klx Energy Services Holdings ( (KLXE) ) has released its Q1 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 provider of diversified oilfield services to onshore oil and natural gas exploration and production companies across the United States, focusing on drilling, completion, production, and intervention activities. In its first quarter of 2025, KLX reported a revenue of $154 million with a net loss of $28 million, reflecting a challenging market environment. The company’s adjusted EBITDA was $14 million, marking a 15% increase compared to the same period in 2024, despite a decrease in revenue and rig count. KLX’s liquidity stood at $58 million, boosted by a recent refinancing effort that enhanced financial flexibility. The Southwest segment showed significant improvement with a 6.2% increase in revenue and a 75% rise in adjusted EBITDA compared to the first quarter of 2024, driven by market share gains and cost controls. However, the Northeast/Mid-Con segment faced a decline due to reduced regional activity and operational challenges. Looking ahead, KLX aims to achieve modest revenue growth and margin expansion, leveraging its strategic positioning and operational excellence to navigate industry volatility.