KLX Energy Services Holdings, Inc. Reports Earnings Results for the Two Months Ended December 31, 2021
March 11, 2022 at 07:01 am EST
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KLX Energy Services Holdings, Inc. reported earnings results for the two months ended December 31, 2021. For the two months, the company reported sales was USD 94.4 million. Net loss was USD 13.2 million. Basic loss per share from continuing operations was USD 1.36. Diluted loss per share from continuing operations was USD 1.36.
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.