NASDAQ$KLXE
KLX Energy Services Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
KLX Energy Services reported flat sequential margins and strong operating cash flow, despite a decline in rig count.
KLX Energy Services Holdings, Inc. reported third quarter 2023 financial results with revenue of $221 million and net income of $8 million. The company's adjusted EBITDA was $37 million, and it ended the quarter with a cash balance of $90 million.
- Revenue of $221 million.
- Net income of $8 million, net income margin of 3%, diluted earnings per share of $0.47.
- Adjusted EBITDA of $37 million.
- Cash balance of $90 million, increased $8 million sequentially and $49 million compared to Q3 2022.
Headline financials
Revenue & EPS history
KLX Energy Services · Revenue · Quarterly
$221M
Revenue by segment
KLX Energy Services · $221M total across 3 segments · Q3 2023
- Southwest$77.8M+13.6%35.3%
- Rocky Mountains$77M+15.8%34.9%
- Northeast/Mid-Con$65.8M-24.0%29.8%
Forward guidance
The company anticipates fourth quarter margins will hold up well despite weaker seasonal activity and operator budget exhaustion typical of the fourth quarter. As a result, they expect strong full year 2023 adjusted EBITDA between $140 million to $150 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-2.4%
Avg return
Earnings day
-4.2%
Avg return
5 days after
-7.0%
Avg return
30 days after
39%
13 / 33 earnings
Positive
+28.4%
Q1 2020
Best reaction
-27.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.4% | -2.3% | — | |
| Q4 2025 | -9.2% | -12.0% | +35.6% | |
| Q3 2025 | -8.3% | -11.7% | -15.7% | |
| Q1 2025 | -15.0% | -4.3% | -14.6% | |
| Q4 2024 | -6.0% | -7.8% | -54.2% | |
| Q3 2024 | -5.8% | -2.4% | +33.7% | |
| Q2 2024 | +5.6% | +5.6% | +8.0% | |
| Q1 2024 | -9.7% | -16.5% | -29.5% | |
| Q4 2023 | -1.7% | -8.9% | -19.8% | |
| Q3 2023 | -6.6% | -6.1% | -12.3% | |
| Q2 2023 | +7.5% | +2.3% | +1.0% | |
| Q1 2023 | +12.0% | +8.5% | -4.9% | |
| Q4 2022 | +7.6% | -6.6% | -15.1% | |
| Q3 2022 | -5.3% | -3.1% | -23.9% | |
| Q2 2022 | +15.0% | +10.8% | +16.1% | |
| Q1 2022 | -5.3% | -23.1% | +25.0% | |
| Q4 2021 | -8.7% | -25.8% | -45.2% | |
| Q3 2021 | -11.4% | -22.8% | +6.9% | |
| Q2 2021 | +0.5% | -11.6% | -22.0% | |
| Q1 2021 | -22.0% | -28.9% | -34.7% | |
| Q4 2020 | -26.2% | -43.0% | -13.9% | |
| Q3 2020 | +6.5% | -4.0% | -6.5% | |
| Q2 2020 | -14.8% | -15.2% | -47.2% | |
| Q1 2020 | +28.4% | +66.7% | +3.4% | |
| Q4 2019 | -27.4% | -19.0% | -37.4% | |
| Q3 2019 | +4.7% | +31.8% | +4.2% | |
| Q2 2019 | -10.3% | -6.3% | -12.0% | |
| Q1 2019 | -9.2% | -9.2% | -16.5% | |
| Q1 2017 | -5.3% | -2.0% | +5.6% | |
| Q4 2017 | -5.3% | -2.0% | +5.6% | |
| Q4 2018 | +4.4% | -0.6% | +14.0% | |
| Q3 2018 | +27.4% | +26.0% | +22.9% | |
| Q2 2018 | +5.4% | +5.6% | +18.2% |
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