KLX Energy Services Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2023
August 09, 2023 at 04:15 pm EDT
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KLX Energy Services Holdings, Inc. reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported sales was USD 234 million compared to USD 184.4 million a year ago. Net income was USD 11.4 million compared to net loss of USD 7.5 million a year ago.
Basic earnings per share from continuing operations was USD 0.71 compared to basic loss per share from continuing operations of USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to diluted loss per share from continuing operations of USD 0.67 a year ago.
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. 
