KLX Energy Services Holdings Inc (KLXE)
NASDAQ:KLXE
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KLX Energy Services Holdings
(NASDAQ:KLXE)
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Rating:56Neutral
Price Target:
$3.00
▲(43.54% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak fundamentals—declining revenue, ongoing net losses, and high balance-sheet risk from negative equity and substantial debt—despite improving cash flow versus prior periods. Technicals are a key positive (price above major moving averages with positive MACD), and the latest call supports a near-term rebound via stronger Q2 guidance and cost discipline, but profitability and liquidity constraints keep overall risk elevated.
Positive Factors
Improving cash generation
Trailing-twelve-month operating cash flow rose materially versus 2025 and FCF turned slightly positive, indicating operations are beginning to fund activity. That improves short-to-medium-term liquidity, reduces immediate refinancing pressure, and supports sustainable capex and fleet upkeep if this cash conversion trend persists.
Negative Factors
High leverage and negative equity
Substantial debt with negative equity signals a thin capital cushion and raises refinancing and covenant risk. High leverage constrains strategic flexibility, increases interest and PIK-related expense sensitivity, and makes the company vulnerable to downturns or funding squeezes over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Trailing-twelve-month operating cash flow rose materially versus 2025 and FCF turned slightly positive, indicating operations are beginning to fund activity. That improves short-to-medium-term liquidity, reduces immediate refinancing pressure, and supports sustainable capex and fleet upkeep if this cash conversion trend persists.
Read all positive factors
KLX Energy Services Holdings (KLXE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.93M
Dividend YieldN/A
Average Volume (3M)92.21K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth-8.92%
EPS Growth-7.64%
CountryUS
Employees1,726
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-3.79
Shares Outstanding19,911,758
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 Cap6.36
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit10.17
Enterprise Value/Ebitda5.83
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-63.7
Revenue Forecast (FY)$648.40M
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed a cautiously optimistic outlook: near-term headwinds (seasonality, weather disruptions, Q1 net loss and modest negative free cash flow) weighed on results, but strong Northeast/Mid‑Con performance, meaningful SG&A reduction, per‑rig revenue improvement, and a constructive Q2 revenue guide (midpoint $167M) support a positive trajectory. Management expects sequential margin expansion in Q2 and a robust second half, and the balance sheet remains within covenants providing flexibility.Positive Updates
Q1 Revenue Within Guidance
First quarter revenue of $145.0M, within the company's estimated range (at the lower end); down ~6% year-over-year but outperformed the average U.S. rig count decline (12% decline).
Negative Updates
Net Loss and Near-Term Cash Flow Weakness
Reported net loss of $24.0M (loss of $1.23 per share) for Q1. Net cash provided by operating activities was only $0.3M; unlevered free cash flow negative $1.4M and levered free cash flow negative $5.0M in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Q1 Revenue Within Guidance
First quarter revenue of $145.0M, within the company's estimated range (at the lower end); down ~6% year-over-year but outperformed the average U.S. rig count decline (12% decline).
Read all positive updates
Company Guidance
KLX guided Q2 revenue of $162–$172 million (midpoint $167M), about 5% higher than 2025 and roughly $22M above Q1 2026, expecting sequential revenue growth in all three segments and nearly every product/service line with revenue per average operating rig rising to about $310k (from $273k in Q1 2026 and $269k in 2025) and a sequential expansion in adjusted EBITDA margin. In Q1 the company reported $145M revenue, $11.1M adjusted EBITDA (8% margin), a net loss of $24M, SG&A of $15.4M (‑29% YoY), net cash from operations ~$0.3M, unlevered free cash flow ‑$1.4M and levered free cash flow ‑$5M; capex in Q1 was $8.7M (net $5.3M after $3.4M asset sale proceeds) against prior full‑year guidance of ~$40M gross / $30–35M net (now tracking below and to be refined at midyear). Segment detail: Northeast/Mid‑Con $52.5M revenue and $10.9M adjusted EBITDA (+28% YoY, ~21% margin), Southwest $53.6M and $4.6M adjusted EBITDA (‑~18% YoY), Rockies $38.6M and $2.1M adjusted EBITDA (‑~19% YoY); corporate adjusted EBITDA loss was ~$6.5M (improved ~11% YoY). Balance sheet and liquidity at quarter end: total debt ~$275.8M, total liquidity ~$48M (cash ~$6M and ~ $42M availability under ABL), net working capital ~$54M; management also disclosed interest payment elections (early quarter 25% cash/75% PIK shifting to 100% PIK in Q2 and 2026, then to 50/50 in Q4).KLX Energy Services Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 627.20M | 636.60M | 709.30M | 888.40M | 781.60M | 436.10M |
| Gross Profit | 38.10M | 39.90M | 159.60M | 215.90M | 160.30M | -6.40M |
| EBITDA | 66.50M | 64.90M | 81.00M | 131.50M | 89.30M | -10.20M |
| Net Income | -73.20M | -77.10M | -53.00M | 19.20M | -3.10M | -93.80M |
Balance Sheet | ||||||
| Total Assets | 331.50M | 340.30M | 456.30M | 539.80M | 465.90M | 387.70M |
| Cash, Cash Equivalents and Short-Term Investments | 5.60M | 5.70M | 91.60M | 112.50M | 57.40M | 28.00M |
| Total Debt | 332.30M | 318.30M | 344.90M | 365.40M | 350.90M | 336.90M |
| Total Liabilities | 427.60M | 414.50M | 466.80M | 501.00M | 481.70M | 439.10M |
| Stockholders Equity | -96.10M | -74.20M | -10.50M | 38.80M | -15.80M | -51.40M |
Cash Flow | ||||||
| Free Cash Flow | 2.60M | -41.60M | -10.90M | 58.50M | -19.90M | -66.60M |
| Operating Cash Flow | 45.40M | 7.50M | 54.20M | 115.60M | 15.70M | -55.60M |
| Investing Cash Flow | -28.00M | -32.90M | -51.10M | -39.70M | -18.70M | 4.50M |
| Financing Cash Flow | -34.50M | -60.50M | -24.00M | -20.80M | 32.40M | 32.00M |
KLX Energy Services Holdings Technical Analysis
Neutral
2.09
Price Trends
3.04
Positive
2.73
Positive
2.26
Positive
Market Momentum
0.12
Positive
43.41
Neutral
6.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLXE, the sentiment is Neutral. The current price of 2.09 is below the 20-day moving average (MA) of 3.67, below the 50-day MA of 3.04, and below the 200-day MA of 2.26, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 43.41 is Neutral, neither overbought nor oversold. The STOCH value of 6.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $128.25M | 3.51 | 26.73% | ― | 64.11% | ― | |
67 Neutral | $116.08M | -109.55 | 16.53% | ― | 6.81% | 122.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $211.06M | -12.99 | 9.10% | ― | 21.72% | ― | |
56 Neutral | $60.93M | -0.53 | 105.06% | ― | -8.92% | -7.64% | |
51 Neutral | $103.31M | -24.68 | -2.98% | ― | -3.52% | -117.16% | |
47 Neutral | $455.29K | 0.83 | ― | ― | -3.74% | ― |
* Energy Sector Average
KLXE
KLX Energy Services Holdings
3.06
1.18
62.77%
DWSN
Dawson Geophysical Company
4.13
2.83
217.69%
SND
Smart Sand
4.91
3.22
190.70%
NCSM
Ncs Multistage Holdings
44.23
13.28
42.91%
NINE
Nine Energy Service, Inc.
10.80
2.60
31.71%
DTI
Drilling Tools International
2.94
0.16
5.76%
KLX Energy Services Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
KLX Energy Projects Sequential Revenue Rebound Amid Recovery
Neutral
May 12, 2026
KLX Energy Services reported that first-quarter 2026 revenue fell 6% year over year to $144.7 million, with a net loss of $24 million and an adjusted EBITDA margin of about 8%, as winter storm Fern and late-March customer delays shifted more than ...
Executive/Board ChangesShareholder Meetings
KLX Energy Shareholders Uphold Governance Structure at Meeting
Neutral
May 11, 2026
At its 2026 Annual Meeting of Stockholders held on May 6, 2026, KLX Energy Services shareholders voted on several governance proposals, director elections and auditor ratification based on 19,668,752 shares eligible to vote as of March 17, 2026. S...
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.