Overview
KLX Energy Q2 revenue rises 3% qtr/qtr, missing analyst expectations
Adjusted EBITDA for Q2 misses analyst estimates
Company anticipates stronger performance in Q3
Outlook
KLX expects Q3 2025 to be the strongest quarter of the year
Company targets Q3 revenue increase in low to mid-single digits
Result Drivers
SEASONAL ACTIVITY - Revenue increase attributed to seasonal market activity
COMPLETIONS AND PRODUCTION - Significant strength and improvement in completions and production portfolios
ROCKY MOUNTAINS UTILIZATION - Higher utilization in Rocky Mountains segment drove revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $159 mln | $163.50 mln (1 Analyst) |
Q2 Adjusted Net Income | Miss | -$17 mln | -$2.10 mln (1 Analyst) |
Q2 Net Income | -$19.90 mln | ||
Q2 Adjusted EBITDA | Miss | $18.50 mln | $21.80 mln (1 Analyst) |
Q2 Adjusted EBITDA Margin | 11.6% |
Analyst Coverage
Wall Street's median 12-month price target for KLX Energy Services Holdings Inc is $5.00, about 64.6% above its August 5 closing price of $1.77
Press Release: ID:nPn1W3XLFa
(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.)