A Business at a Glance
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PART I Company Overview 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 were 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.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 645M | 709M | 888M | 782M | 436M | 544M |
| Net Income | -77M | -53M | 19M | -3.1M | -94M | - |
| EPS | $-4.26 | $-3.27 | $1.22 | $-0.27 | $-10.83 | $-21,610,000.00 |
| Free Cash Flow | -34M | -11M | 59M | -20M | -67M | -13M |
| ROIC | -13.8% | -7.9% | 23.4% | 15.5% | -42.0% | - |
| Gross Margin | - | 22.5% | 24.3% | 20.5% | 10.6% | 13.6% |
| Debt/Equity | 0.00 | -27.15 | 7.33 | -17.94 | -5.35 | 0.78 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -33M | -16M | 57M | 33M | -64M | -76M |
| Operating Margin | -5.1% | -2.2% | 6.4% | 4.2% | -14.7% | -13.9% |
| ROE | 0.0% | -374.6% | 49.5% | - | - | - |
| Shares Outstanding | 18M | 16M | 16M | 11M | 9M | 9M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 321M | 495M | 544M | 436M | 782M | 888M | 709M | 645M |
| Gross Margin | 16.0% | 25.2% | 13.6% | 10.6% | 20.5% | 24.3% | 22.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -24M | 22M | -76M | -64M | 33M | 57M | -16M | -33M |
| Op. Margin | -7.5% | 4.5% | -13.9% | -14.7% | 4.2% | 6.4% | -2.2% | -5.1% |
| Net Income | -24M | 14M | N/A | -94M | -3.1M | 19M | -53M | -77M |
| Net Margin | -7.5% | 2.9% | N/A | -21.5% | -0.4% | 2.2% | -7.5% | -11.9% |
| Non-Recurring | 0 | 0 | 47M | 800K | 0 | 0 | 100K | 100K |
| Returns on Capital | ||||||||
| ROIC | -10.7% | 5.1% | N/A | -42.0% | 15.5% | 23.4% | -7.9% | -13.8% |
| ROE | -10.7% | 4.2% | N/A | N/A | N/A | 49.5% | -374.6% | 0.0% |
| ROA | -8.8% | 2.1% | N/A | -24.2% | -0.7% | 3.6% | -10.6% | -21.4% |
| Cash Flow | ||||||||
| Op. Cash Flow | -9.4M | 62M | 58M | -56M | 16M | 116M | 54M | 21M |
| Free Cash Flow | -59M | -22M | -13M | -67M | -20M | 59M | -11M | -34M |
| Owner Earnings | -55M | -3.0M | -25M | -113M | -44M | 40M | -44M | -77M |
| CapEx | 49M | 84M | 71M | 11M | 36M | 57M | 65M | 55M |
| Maint. CapEx | 34M | 42M | 64M | 54M | 57M | 73M | 94M | 94M |
| Growth CapEx | 16M | 43M | 6.7M | 0 | 0 | 0 | 0 | 0 |
| D&A | 34M | 42M | 64M | 54M | 57M | 73M | 94M | 94M |
| CapEx/OCF | N/A | 135.5% | 121.9% | N/A | 226.8% | 49.4% | 120.1% | 261.9% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 1.2M | 300K | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 1.9% | 1.1% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 13M | 24M | 19M | 3.2M | 3.0M | 3.0M | 3.9M | 3.9M |
| Debt Repayment | 0 | 9.3M | 0 | 0 | 1.7M | 500K | 900K | 900K |
| Balance Sheet | ||||||||
| Net Debt | N/A | 78M | 120M | 247M | 226M | 172M | 194M | 251M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.3M |
| Long-Term Debt | N/A | 242M | 243M | 275M | 283M | 284M | 285M | 285M |
| Debt/Equity | 0.22 | 0.71 | 0.78 | -5.35 | -17.94 | 7.33 | -27.15 | 0.00 |
| Interest Coverage | N/A | 3.1 | -2.6 | -2.2 | 0.9 | 1.6 | -0.4 | -0.4 |
| Equity | 225M | 341M | 312M | -51M | -16M | 39M | -11M | -61M |
| Total Assets | 274M | 673M | 623M | 388M | 466M | 540M | 456M | 358M |
| Total Liabilities | 49M | 332M | 311M | 439M | 482M | 501M | 467M | 35M |
| Intangibles | 5.6M | 74M | 74M | 4.4M | 4.2M | 3.6M | 3.0M | 3.0M |
| Retained Earnings | -801M | -4.5M | -101M | -525M | -529M | -509M | -562M | -562M |
| Working Capital | 38M | 223M | 164M | 42M | 100M | 126M | 93M | 93M |
| Current Assets | 86M | 308M | 229M | 165M | 255M | 290M | 233M | 233M |
| Current Liabilities | 48M | 85M | 65M | 123M | 154M | 164M | 140M | 140M |
| Per Share Data | ||||||||
| EPS | -6.00 | 3.55 | -21,610,000.00 | -10.83 | -0.27 | 1.22 | -3.27 | -4.26 |
| Owner EPS | -13.79 | -0.74 | -2.77 | -13.00 | -3.84 | 2.53 | -2.70 | -4.31 |
| Book Value | 55.92 | 83.99 | 35.34 | -5.93 | -1.38 | 2.47 | -0.65 | -3.43 |
| Cash Flow/Share | -2.34 | 15.28 | 6.58 | -6.42 | 1.37 | 7.35 | 3.34 | 0.97 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 4.0M | 4.1M | 8.8M | 8.7M | 11.5M | 15.7M | 16.2M | 17.8M |
| Valuation | ||||||||
| P/E Ratio | N/A | 8.6 | N/A | N/A | N/A | 9.4 | N/A | -0.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 3.1 | N/A | N/A |
| EV/EBIT | N/A | 9.1 | N/A | N/A | 12.7 | 6.2 | N/A | N/A |
| Price/Book | 2.2 | 0.4 | 0.2 | N/A | N/A | 4.7 | N/A | N/A |
| Price/Sales | 1.8 | 0.7 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 |
| FCF Yield | -11.8% | -17.8% | -19.6% | -246.5% | -10.7% | 32.3% | -14.5% | -80.8% |
| Market Cap | 500M | 123M | 65M | 27M | 185M | 181M | 75M | 42M |
| Avg. Price | 140.41 | 89.54 | 9.63 | 8.47 | 7.74 | 11.24 | 6.55 | 2.36 |
| Year-End Price | 124.50 | 30.40 | 7.32 | 3.12 | 16.15 | 11.51 | 4.64 | 2.36 |
KLX Energy Services Holdings, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 18.3%. At current prices, the estimated annualized return to fair value is -10.8%.
KLX Energy Services Holdings, Inc. (KLXE) has a 5-year average return on invested capital (ROIC) of -2.8%. This is below average and may indicate limited pricing power.
KLX Energy Services Holdings, Inc. (KLXE) has a market capitalization of $42M. It is classified as a small-cap stock.
KLX Energy Services Holdings, Inc. (KLXE) does not currently pay a regular dividend.
KLX Energy Services Holdings, Inc. (KLXE) operates in the Oil & Gas Field Services, Nec industry, within the Energy sector.
KLX Energy Services Holdings, Inc. (KLXE) reported annual revenue of $709 million in its most recent fiscal year, based on SEC EDGAR filings.
KLX Energy Services Holdings, Inc. (KLXE) has a net profit margin of -7.5%. The company is currently unprofitable.
KLX Energy Services Holdings, Inc. (KLXE) generated $-11 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
KLX Energy Services Holdings, Inc. (KLXE) reported earnings per share (EPS) of $-3.27 in its most recent fiscal year.
KLX Energy Services Holdings, Inc. (KLXE) has a return on equity (ROE) of -374.6%. A negative ROE may indicate losses or negative equity.
KLX Energy Services Holdings, Inc. (KLXE) has a 5-year average gross margin of 18.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for KLX Energy Services Holdings, Inc. (KLXE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KLX Energy Services Holdings, Inc. (KLXE) has a book value per share of $-0.65, based on its most recent annual SEC filing.