KLX Energy Services Q4 revenue falls on seasonal slowdown

KLX Energy Services Holdings

11/03/2026 20:33

Overview

US oilfield services firm's Q4 revenue fell 5.9% sequentially on seasonal activity decline

Adjusted EBITDA for Q4 rose 7% from Q3

Outlook

KLX expects first-quarter results to be impacted by seasonality and winter storm Fern

Company anticipates returning to stronger run-rate delivered in second half of 2025 as year progresses

Result Drivers

SEASONAL DECLINE - Co said Q4 revenue fell due to typical year-end seasonality and lower activity levels

NATURAL GAS PORTFOLIO - Incremental revenue in natural gas portfolio helped support Q4 profitability, per CEO Chris Baker

SEGMENT PERFORMANCE - Northeast/Mid-Con segment held revenue flat and expanded margins on robust gas-directed demand

Company press release: ID:nPn7hXQJka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
Beat
-$14.5 mln
-$15.40 mln (1 Analyst)
Q4 Net Income
-$15 mln
Q4 Adjusted EBITDA
Beat
$22.5 mln
$19.70 mln (1 Analyst)
Q4 Adjusted EBITDA Margin
14.3%


*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 55% above its March 10 closing price of $2.58

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)