KLX Energy Services Holdings, Inc. KLXE

Energy SIC 1389 - Oil & Gas Field Services, NEC NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Support Activities for Oil and Gas Operations derived Nasdaq

Except as otherwise indicated or unless the context otherwise requires, "KLX Energy Services," "KLXE," "Company," "we," "us" and "our" refer to KLX Energy Services Holdings, Inc. and its consolidated subsidiaries.

KLX Energy Services is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas E&P companies operating in both conventional and unconventional plays in all of the active major basins throughout the United States. KLXE was initially formed from the combination and integration of seven private oilfield service companies acquired during 2013 and 2014. Each of the acquired businesses was regional in nature and brought one or two specific service capabilities to KLX Energy Services. We became incorporated in Delaware on June 28, 2018, and on September 14, 2018, we completed our spin-off from KLX Inc. and became an independent, publicly traded company. See Item 7. "Management Discussion and Analysis of Financial Condition and Results of Operations" for more details of our acquisitions since becoming a publicly traded company, including our 2020 acquisition of Quintana Energy Services Inc. ("QES," and such acquisition the "QES Merger") and our 2023 acquisition of Greene's Energy Group, LLC ("Greene's," and such acquisition the "Greene's Acquisition").

Last close 1.10 2026-10-23
Market cap $23.4M 2026-06-30 share count
52-week range 1.03 - 4.50

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF—
EV/EBITDA4.3x
Dividend yield—
Diluted EPS-4.12

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Southwest
  • Northeast /Mid-Con
  • Rocky Mountains
Revenue by segment, 3 categories over 2 years. The same figures are in the table below. FY2025 Southwest, FY2025: 232.5M (36.4%) 36% Southwest Northeast /Mid-Con, FY2025: 206.3M (32.3%) 32% Northeast /Mid-Con Rocky Mountains, FY2025: 199.2M (31.2%) 31% Rocky Mountains FY2024 Southwest, FY2024: 270.7M (38.1%) 38% Northeast /Mid-Con, FY2024: 211.6M (29.7%) 30% Rocky Mountains, FY2024: 229.1M (32.2%) 32%
Segment FY2025FY2024
Southwest $232.5M $270.7M
Northeast /Mid-Con $206.3M $211.6M
Rocky Mountains $199.2M $229.1M

As the company reported it, from the “Segment Reporting - Revenues by Service Offering by Reportable Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $636.6M$709.3M$888.4M$781.6M$436.1M$276.8M$544.0M$495.3M$320.5M$152.2M
Cost of revenue $501.5M$549.7M$672.5M$621.3M$389.9M$314.8M$470.0M$370.4M$269.1M$181.3M
Gross profit $135.1M$159.6M$215.9M$160.3M$46.2M-$38.0M$74.0M$124.9M$51.4M-$29.1M
R&D $1.7M$1.4M$1.4M$600.0K$600.0K$700.0K$2.7M$2.4M$2.0M$300.0K
SG&A $68.5M$79.6M$86.7M$70.4M$54.6M$88.8M$100.0M$100.4M$73.4M$60.1M
Operating income -$30.3M-$15.5M$56.9M$32.5M-$64.1M-$301.1M-$75.7M$22.1M-$24.0M-$89.5M
Interest expense $45.2M$39.4M$36.5M$35.0M——$30.4M$7.7M$0$0
Pre-tax income -$76.3M-$52.4M$22.2M-$2.5M-$93.5M-$331.8M-$104.9M$15.0M-$24.0M-$89.5M
Income tax $800.0K$600.0K$3.0M$600.0K$300.0K$400.0K$8.5M$600.0K$100.0K$100.0K
Net income -$77.1M-$53.0M$19.2M-$3.1M-$93.8M-$332.2M-$96.4M$14.4M-$24.1M-$89.6M
EPS, basic -4.12-3.271.23-0.27-10.83-50.86-21,610,000.000.72-1.20-4.46
EPS, diluted -4.12-3.271.22-0.27-10.83-50.86-21,610,000.000.71-1.20-4.46
Shares, diluted (wtd. avg.) 18.7M16.2M15.7M11.3M8.7M6.5M4.5M20.2M20.1M20.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.7M$91.6M$112.5M$57.4M$28.0M$47.1M$123.5M$163.8M——
Receivables $102.7M$96.9M$127.0M$154.3M$103.2M$67.0M$79.2M$119.6M$73.9M—
Inventory $30.7M$31.0M$33.5M$25.7M$22.4M$20.8M$12.0M$15.4M$10.2M—
Total current assets $149.9M$233.0M$290.3M$254.7M$164.7M$150.7M$228.5M$308.3M$86.1M—
Property, plant and equipment —————$203.7M$306.8M$271.9M$179.5M—
Goodwill ———$0$0$0$28.3M$43.2M——
Other intangibles $1.1M$1.5M$1.8M$2.1M$2.2M$2.5M$45.8M$30.3M$2.8M—
Total assets $340.3M$456.3M$539.8M$465.9M$387.7M$362.7M$623.4M$672.8M$273.8M$205.0M
Accounts payable $68.7M$74.4M$87.9M$84.2M$72.1M$39.4M$31.4M$47.3M$31.8M—
Short-term debt $4.4M$0————————
Total current liabilities $126.2M$140.1M$164.1M$154.4M$122.7M$77.7M$64.8M$85.2M$48.0M—
Long-term debt $253.9M$285.1M$284.3M$283.4M$274.8M$243.9M$243.0M$242.2M——
Retained earnings -$639.5M-$562.4M-$509.4M-$528.6M-$525.3M-$433.1M-$100.9M-$4.5M-$801.2M—
Total equity -$74.2M-$10.5M$38.8M-$15.8M-$51.4M$32.1M$312.2M$340.7M$224.6M$178.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $7.5M$54.2M$115.6M$15.7M-$55.6M-$64.9M$58.1M$62.0M-$9.4M-$37.5M
Depreciation and amortisation $95.2M$94.0M$72.8M$56.8M$53.8M$57.7M$60.2M$40.7M$33.2M$36.0M
Stock-based compensation $2.6M$3.9M$3.0M$3.0M$3.2M$17.8M$18.5M$23.5M$12.5M$9.0M
Capital expenditure $49.1M$65.1M$57.1M$35.6M$11.0M$12.2M$70.8M$84.0M$49.4M$29.0M
Investing cash flow -$32.9M-$51.1M-$39.7M-$18.7M$4.5M-$11.9M-$97.7M-$214.1M-$48.8M-$29.0M
Financing cash flow -$60.5M-$24.0M-$20.8M$32.4M$32.0M$400.0K-$700.0K$315.9M$58.2M$66.5M
Buybacks $400.0K$500.0K$700.0K$300.0K$300.0K$400.0K$1.2M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001738827-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 152.2M Gross profit, FY2016: -29.1M Net income, FY2016: -89.6M Revenue, FY2017: 320.5M Gross profit, FY2017: 51.4M Net income, FY2017: -24.1M Revenue, FY2018: 495.3M Gross profit, FY2018: 124.9M Net income, FY2018: 14.4M Revenue, FY2019: 544M Gross profit, FY2019: 74M Net income, FY2019: -96.4M Revenue, FY2020: 276.8M Gross profit, FY2020: -38M Net income, FY2020: -332.2M Revenue, FY2021: 436.1M Gross profit, FY2021: 46.2M Net income, FY2021: -93.8M Revenue, FY2022: 781.6M Gross profit, FY2022: 160.3M Net income, FY2022: -3.1M Revenue, FY2023: 888.4M Gross profit, FY2023: 215.9M Net income, FY2023: 19.2M Revenue, FY2024: 709.3M Gross profit, FY2024: 159.6M Net income, FY2024: -53M Revenue, FY2025: 636.6M Gross profit, FY2025: 135.1M Net income, FY2025: -77.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $152.2M $320.5M $495.3M $544.0M $276.8M $436.1M $781.6M $888.4M $709.3M $636.6M
Gross profit -$29.1M $51.4M $124.9M $74.0M -$38.0M $46.2M $160.3M $215.9M $159.6M $135.1M
Net income -$89.6M -$24.1M $14.4M -$96.4M -$332.2M -$93.8M -$3.1M $19.2M -$53.0M -$77.1M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Unregistered share sale Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 1389

TickerCompanyMarket capP/ERevenue growth
SLB SLB LIMITED/NV $78.75B 22.6x -1.6%
HAL HALLIBURTON CO $29.09B — -3.3%
OII OCEANEERING INTERNATIONAL INC $3.91B 11.3x 4.1%
LBRT Liberty Energy Inc. $2.54B 17.5x -7.2%
NESR National Energy Services Reunited Corp. $2.06B 39.3x 1.7%
HLX HORNBECK OFFSHORE SERVICES, INC. $1.56B 50.5x -4.9%
WBI WaterBridge Infrastructure LLC $1.45B — 66.2%
RES RPC INC $1.39B 41.7x 15.0%