KLX Energy Services Q3 revenue beats estimates

KLX Energy Services Holdings

05/11/2025 22:20

Overview

KLX Energy Services Q3 revenue grows 5%, beating analyst expectations

Adjusted EBITDA for Q3 rises 14%, beating analyst estimates

Outlook

Company expects mid-single-digit revenue decline in Q4 due to seasonality

KLX anticipates stable Adjusted EBITDA margins in Q4

Result Drivers

STRATEGIC ASSET ALLOCATION - Co attributes revenue growth to strategic asset allocation and improved utilization in key regions

MID-CON/NORTHEAST CONTRIBUTION - Completion-oriented product lines in Mid-Con/Northeast region contributed significantly to revenue growth

MARKET HEADWINDS - Co overcame market headwinds including commodity price volatility and weaker OFS demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$166.70 mln
$164.60 mln (1 Analyst)
Q3 Adjusted Net Income
Slight Miss*
-$14 mln
-$13.90 mln (1 Analyst)
Q3 Net Income
-$14.30 mln
Q3 Adjusted EBITDA
Beat
$21.10 mln
$19.40 mln (1 Analyst)
Q3 Adjusted EBITDA Margin
13.00%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

Wall Street's median 12-month price target for KLX Energy Services Holdings Inc is $4.00, about 56.3% above its November 4 closing price of $1.75

Press Release: ID:nPncd2sXqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)