KLX Energy Services Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2023
November 06, 2023 at 04:07 pm EST
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KLX Energy Services Holdings, Inc. reported earnings results for the third quarter ended September 30, 2023. For the third quarter, the company reported sales was USD 220.6 million compared to USD 221.6 million a year ago. Net income was USD 7.6 million compared to USD 11.1 million a year ago.
Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.96 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. 
