KLX Energy Services Holdings, Inc. Company profile
About KLX Energy Services Holdings Inc
KLX Energy Services Holdings, Inc. provides oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional throughout the United States. It delivers oilfield services to oil and gas companies. Its services include drilling, coiled- tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Its rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, plugs, composite plugs and accommodation units. It operates in three segments on a geographic basis, including the Southwest Region (the Permian Basin and the Eagle Ford), 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 as well as the Mid-Continent STACK and SCOOP and Haynesville).
Financial summary
BRIEF: For the nine months ended 31 October 2021, KLX Energy Services Holdings Inc revenues increased 80% to $341.7M. Net loss decreased 73% to $80.6M. Revenues reflect Operating Segment-Northeast increase from $27.9M to $92M, Operating Segment-Southwest increase from $24.8M to $88.8M, Operating Segment-Rocky Mountains increase from $18.2M to $70.1M. Lower net loss reflects Operating Segment-Northeast loss decrease of 48% to $2.1M.
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