KLX Energy Services Holdings Inc (OQ:KLXE)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3040 Post Oak Boulevard, 15th Floor HOUSTON TX 77056 |
| Tel: | 1-713-5296600 |
| Website: | https://www.klxenergy.com |
| IR: | See website |
| Key People | ||
| Christopher J. Baker President, Chief Executive Officer, Director | Keefer M. Lehner Chief Financial Officer, Executive Vice President | Max L. Bouthillette Executive Vice President, Chief Compliance Officer, General Counsel, Secretary |
| Business Overview |
| KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active basins throughout the United States. It operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance, and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, KLX Energy Services Holdings Inc revenues increased 14% to $888.4M. Net income totaled $19.2M vs. loss of $3.1M. Revenues reflect Operating Segment-Southwest increase of 19% to $304.9M, Operating Segment-Rocky Mountains increase of 18% to $271.3M, Operating Segment-Northeast increase of 5% to $312.2M. Net Income reflects Operating Segment-Rocky Mountains income increase of 69% to $46.1M. |
| Employees: | 1,919 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $350.60M as of Dec 31, 2023 |
| Annual revenue (TTM): | $888.40M as of Dec 31, 2023 |
| EBITDA (TTM): | $120.70M as of Dec 31, 2023 |
| Net annual income (TTM): | $19.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | $58.50M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $230.00M as of Dec 31, 2023 |
| Shares outstanding: | 16,726,517 as of Mar 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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