Business
KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
HOUSTON, March 11, 2026 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial
About this update from Klx Energy Services Holdings, Inc.
[{"type":"text","content":"HOUSTON, March 11, 2026 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (\"KLX\", the \"Company\", \"we\", \"us\" or \"our\") today reported financial results for the fourth quarter ended December 31, 2025.\nFull Year 2025 Financial HighlightsRevenue of $637 millionNet loss of $(77) million, net loss margin of (12)% and diluted loss per share of $(4.12)Adjusted EBITDA of $76 millionAdjusted EBITDA margin of 12%Total liquidity of $56 million as of December 31, 2025, consisting of approximately $6 million of cash and cash equivalents, and approximately $50 million of available borrowing capacity under the asset-based revolving credit facilityFourth Quarter 2025 Financial HighlightsRevenue of $157 millionNet loss of $(15) million, net loss margin of (10)% and diluted loss per share of $(0.78)Adjusted EBITDA of $23 million and Adjusted EBITDA margin of 14%, an increase of 7% and 13% over the third quarter, respectivelySee \"Non-GAAP Financial Measures\" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Operating Income (Loss), Adjusted Net Loss, Adjusted Diluted Loss per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles (\"GAAP\"). We have not provided reconciliations of our future expectations as to Adjusted EBITDA or Adjusted EBITDA margin as such reconciliations are not available without unreasonable efforts.Chris Baker, KLX President and Chief Executive Officer, stated, \"KLX delivered a very strong finish to 2025. The fourth quarter was our most profitable of the year, and both Adjusted EBITDA and Adjusted EBITDA margin were at their 2025 highs, driven by a more muted fourth quarter revenue decline, typical year-end accrual unwinds and incremental revenue in our natural gas portfolio. Throughout 2025, we continued to optimize our corporate cost structure and thoughtfully invested in our product lines, while leaning into gas-weighted asset allocation as we realigned certain PSLs and benefited from capacity rationalization in the industry.\"Our focus on cost discipline, strategic capital deployment and the preservation of our talented workforce, allowed us to grow earnings in th...