KLX Energy Services Holdings Inc (KLXE)
NASDAQ:KLXE
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KLX Energy Services Holdings
(NASDAQ:KLXE)
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Rating:51Neutral
Price Target:
$4.00
▲(91.39% Upside)
Action:ReiteratedDate:04/25/26
Overall score reflects elevated financial risk (losses, negative free cash flow, and negative equity with high leverage) as the biggest drag. Technicals are supportive with the stock trading above major moving averages, and the earnings call indicates measured stabilization with disciplined CapEx, but liquidity/leverage constraints and loss-making status keep the score restrained.
Positive Factors
Gas-led regional strength
KLX's growing exposure to gas‑directed basins and strong Northeast/Mid‑Con performance create durable demand tailwinds. Gas‑levered activity tends to be less tied to oil price swings, and the 44% YoY dry gas revenue gain supports higher utilization and margin resilience across cycles.
Negative Factors
Over‑levered balance sheet
High absolute debt and negative equity materially weaken financial flexibility. An over‑levered structure increases refinancing, covenant and solvency risk, limiting the company's ability to fund growth, respond to downturns, or absorb prolonged weak activity without dilutive or costly financing.
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Positive Factors
Negative Factors
Gas-led regional strength
KLX's growing exposure to gas‑directed basins and strong Northeast/Mid‑Con performance create durable demand tailwinds. Gas‑levered activity tends to be less tied to oil price swings, and the 44% YoY dry gas revenue gain supports higher utilization and margin resilience across cycles.
Read all positive factors
KLX Energy Services Holdings (KLXE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$73.36M
Dividend YieldN/A
Average Volume (3M)92.21K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth-10.26%
EPS Growth-27.55%
CountryUS
Employees1,726
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.76
Shares Outstanding19,668,753
10 Day Avg. Volume73,934
30 Day Avg. Volume92,206
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.48
Price to Sales (P/S)0.06
P/FCF Ratio-0.85
Enterprise Value/Market Cap5.31
Enterprise Value/Revenue0.61
Enterprise Value/Gross Profit4.44
Enterprise Value/Ebitda6.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-3.21
Revenue Forecast (FY)$644.80M
KLX Energy Services Holdings Business Overview & Revenue Model
Company Description
KLX Energy Services Holdings, Inc. provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, R...
How the Company Makes Money
KLXE makes money primarily by delivering oilfield services and renting/selling specialized equipment required for well completion, intervention, and production operations. Revenue is generally earned on a per-job, per-day, or per-tool basis depend...
KLX Energy Services Holdings Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: KLX Energy Services reported stronger profitability and operational efficiency in Q4, with notable gas‑led growth, disciplined capex, improved cash flow, and proactive covenant management. However, the company faces near‑term headwinds from seasonality, regional revenue declines (Rockies and Southwest), leverage and covenant sensitivity that required an indenture amendment, and ongoing geopolitical uncertainty that could affect demand. Overall, positives around margin expansion, cash generation, and strategic positioning are tempered by liquidity/leverage considerations and short‑term activity weakness.Positive Updates
Strong Q4 Profitability
Q4 revenue ~$157M (in line with guidance) with adjusted EBITDA of ~$23M, the highest quarterly adjusted EBITDA in 2025, and an adjusted EBITDA margin of ~14%, also a 2025 high.
Negative Updates
Segment Revenue Declines: Rockies and Southwest
Rockies revenue declined to $46.3M (~9% sequential decline) due to severe weather and customer budget exhaustion. Southwest revenue declined ~10% sequentially to $50.9M, tied to budget exhaustion and softer oil‑directed activity in the Permian.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Profitability
Q4 revenue ~$157M (in line with guidance) with adjusted EBITDA of ~$23M, the highest quarterly adjusted EBITDA in 2025, and an adjusted EBITDA margin of ~14%, also a 2025 high.
Read all positive updates
Company Guidance
Management guided 2026 as “constructive but measured,” forecasting Q1 revenue of $145–150 million (down ~3% versus 2025 despite an ~8% rig count decline) and Q2 revenue of $160–170 million, with the full-year budget contemplated as broadly flat to slightly up vs. 2025 and most improvement weighted to the back half of the year; they expect Q1 to be the low point and cited Winter Storm Firm cost ~4–5 lost revenue days. Capital guidance calls for gross CapEx of ≈$40 million (down from $49 million in 2025) and net CapEx of $30–35 million (2025 net CapEx ≈$33 million), with the vast majority maintenance-oriented. On liquidity and leverage, year-end available liquidity was ≈$56 million, total debt ≈$258.3 million, and net leverage 4.07x (covenant 4.5x); management amended the indenture to keep the 4.5x covenant through 03/31/2027 and to exclude capital leases from the leverage calculation, and noted coil lease roll-offs that will eliminate ≈$8.2 million of annual lease payments beginning in 2027.KLX Energy Services Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 636.60M | 709.30M | 888.40M | 781.60M | 436.10M |
| Gross Profit | 39.90M | 159.60M | 215.90M | 160.30M | -6.40M |
| EBITDA | 64.90M | 81.00M | 131.50M | 89.30M | -10.20M |
| Net Income | -77.10M | -53.00M | 19.20M | -3.10M | -93.80M |
Balance Sheet | |||||
| Total Assets | 340.30M | 456.30M | 539.80M | 465.90M | 387.70M |
| Cash, Cash Equivalents and Short-Term Investments | 5.70M | 91.60M | 112.50M | 57.40M | 28.00M |
| Total Debt | 318.30M | 344.90M | 365.40M | 350.90M | 336.90M |
| Total Liabilities | 413.40M | 466.80M | 501.00M | 481.70M | 439.10M |
| Stockholders Equity | -74.20M | -10.50M | 38.80M | -15.80M | -51.40M |
Cash Flow | |||||
| Free Cash Flow | -41.60M | -10.90M | 58.50M | -19.90M | -66.60M |
| Operating Cash Flow | 7.50M | 54.20M | 115.60M | 15.70M | -55.60M |
| Investing Cash Flow | -32.90M | -51.10M | -39.70M | -18.70M | 4.50M |
| Financing Cash Flow | -60.50M | -24.00M | -20.80M | 32.40M | 32.00M |
KLX Energy Services Holdings Technical Analysis
Negative
2.09
Price Trends
2.57
Negative
2.28
Negative
2.06
Positive
Market Momentum
-0.10
Positive
43.15
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLXE, the sentiment is Negative. The current price of 2.09 is below the 20-day moving average (MA) of 2.56, below the 50-day MA of 2.57, and above the 200-day MA of 2.06, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 43.15 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KLXE.
KLX Energy Services Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $143.48M | 4.31 | 18.33% | ― | 6.81% | 122.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $239.90M | 116.13 | 0.57% | ― | 6.03% | -52.81% | |
52 Neutral | $102.78M | -24.93 | -11.82% | ― | 1.98% | 52.93% | |
51 Neutral | $73.36M | -0.46 | 147.42% | ― | -10.26% | -27.55% | |
49 Neutral | $121.39M | -23.15 | -3.08% | ― | 3.35% | -200.76% | |
38 Underperform | $455.29K | -6.54 | ― | ― | 1.41% | -10.37% |
* Energy Sector Average
KLXE
KLX Energy Services Holdings
3.73
1.61
75.94%
DWSN
Dawson Geophysical Company
3.31
2.07
166.94%
SND
Smart Sand
5.51
3.61
190.00%
NCSM
Ncs Multistage Holdings
54.67
20.64
60.65%
NINE
Nine Energy Service, Inc.
9.51
1.31
15.98%
DTI
Drilling Tools International
3.45
1.42
69.95%
KLX Energy Services Holdings Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
KLX Energy Services Releases Q4 2025 Investor Presentation
Neutral
Apr 8, 2026
KLX Energy Services Holdings, Inc., a Houston-based U.S. onshore oilfield services provider listed on Nasdaq as KLXE, focuses on technologically differentiated completion, intervention and production services for complex wells, and reported about ...
Business Operations and StrategyFinancial Disclosures
KLX Energy Services Highlights Q4 Margin Improvement Amid Slowdown
Neutral
Mar 12, 2026
KLX Energy Services reported 2025 full-year revenue of $637 million and a net loss of $77 million, alongside adjusted EBITDA of $76 million and a 12% adjusted EBITDA margin, while ending the year with $56 million of liquidity as of December 31, 20...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.