KLX Energy Services Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 06:05 am EST
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KLX Energy Services Holdings, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2023. For the quarter, the company expects revenue range of $193.2 million to $195.2 million and estimated Net Loss range of $10.2 million to $8.2 million. Operating income to be $1.0 million to $3.0 million.
For the year, the company estimated revenue range of $887 million to $889 million and estimated Net Income range of $18.2 million to $20.2 million, Operating income to be $55.9 million to $57.9 million.
KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active basins throughout the United States. It operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), 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 Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units.
KLX ENERGY SERVICES HOLDINGS, INC. 
