KLX Energy Services (KLXE)
Market Price (10/10/2026): $1.33 | Market Cap: $27.3 MilSector: Energy | Industry: Oil & Gas Equipment & Services
KLX Energy Services (KLXE)
Market Price (10/10/2026): $1.33Market Cap: $27.3 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. | Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -169% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.3% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1238% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -232% Key risksKLXE key risks include [1] increasing negative investor sentiment and activism related to ESG and climate change, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies. |
| Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -169% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.3% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1238% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -232% |
| Key risksKLXE key risks include [1] increasing negative investor sentiment and activism related to ESG and climate change, Show more. |
Qualitative Assessment
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KLX Energy Services (KLXE) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Massive Share Dilution through $125 Million Rights Offering.
KLX Energy Services implemented a $125 million backstopped equity rights offering, announced on August 10, 2026, and completed on September 29, 2026, with a subscription price of $1.49 per share. This offering led to a substantial increase in the total number of shares outstanding to approximately 105.7 million, representing significant dilution for existing shareholders. Each right entitled holders to purchase 3.885 shares of common stock, which drastically increased the share count at a low price point.
2. Debt Reduction as a Primary Driver for the Dilutive Offering.
The primary purpose of the rights offering and a concurrent backstop exchange was to reduce the company's debt load. KLX Energy Services expected to reduce the outstanding principal amount of its 2030 Notes by $94.0 million through this recapitalization effort. This indicates that a stressed financial profile, characterized by substantial debt, necessitated this dilutive capital raise.
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KLX Energy Services (KLXE) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Massive Share Dilution through $125 Million Rights Offering.
KLX Energy Services implemented a $125 million backstopped equity rights offering, announced on August 10, 2026, and completed on September 29, 2026, with a subscription price of $1.49 per share. This offering led to a substantial increase in the total number of shares outstanding to approximately 105.7 million, representing significant dilution for existing shareholders. Each right entitled holders to purchase 3.885 shares of common stock, which drastically increased the share count at a low price point.
2. Debt Reduction as a Primary Driver for the Dilutive Offering.
The primary purpose of the rights offering and a concurrent backstop exchange was to reduce the company's debt load. KLX Energy Services expected to reduce the outstanding principal amount of its 2030 Notes by $94.0 million through this recapitalization effort. This indicates that a stressed financial profile, characterized by substantial debt, necessitated this dilutive capital raise.
3. Market Repricing to the Low Subscription Price.
The subscription price of $1.49 per share for the rights offering likely served as a new, lower valuation benchmark for KLXE's stock. The stock's trading price adjusted significantly downward to reflect this new intrinsic value post-dilution, contributing to the approximate 50% loss during the period. The completion of the offering meant the market absorbed the increased share supply at this reduced valuation.
4. Underlying Financial Weakness Despite Operational Improvements.
Despite reporting sequential operational improvements, such as a 15.6% increase in revenue to $167.3 million in fiscal Q2 2026 and forecasted Q3 2026 revenue of $180-$185 million, the company still faced a "stressed financial profile" with persistent losses and negative equity. This underlying financial weakness ultimately compelled the company to undertake the highly dilutive rights offering, overshadowing any positive operational momentum during the period.
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Stock Movement Drivers
Fundamental Drivers
The -48.8% change in KLXE stock from 6/30/2026 to 10/9/2026 was primarily driven by a -46.9% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.58 | 1.32 | -48.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 627 | 636 | 1.3% |
| P/S Multiple | 0.1 | 0.0 | -46.9% |
| Shares Outstanding (Mil) | 20 | 20 | -4.9% |
| Cumulative Contribution | -48.8% |
Market Drivers
6/30/2026 to 10/9/2026| Return | Correlation | |
|---|---|---|
| KLXE | -48.8% | |
| Market (SPY) | 4.3% | 6.5% |
| Sector (XLE) | 22.5% | 15.2% |
Fundamental Drivers
The -49.2% change in KLXE stock from 3/31/2026 to 10/9/2026 was primarily driven by a -46.0% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.60 | 1.32 | -49.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 637 | 636 | -0.2% |
| P/S Multiple | 0.1 | 0.0 | -46.0% |
| Shares Outstanding (Mil) | 19 | 20 | -5.9% |
| Cumulative Contribution | -49.2% |
Market Drivers
3/31/2026 to 10/9/2026| Return | Correlation | |
|---|---|---|
| KLXE | -49.2% | |
| Market (SPY) | 20.0% | -1.7% |
| Sector (XLE) | 7.0% | 35.2% |
Fundamental Drivers
The -31.2% change in KLXE stock from 9/30/2025 to 10/9/2026 was primarily driven by a -22.9% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.92 | 1.32 | -31.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 667 | 636 | -4.8% |
| P/S Multiple | 0.1 | 0.0 | -22.9% |
| Shares Outstanding (Mil) | 19 | 20 | -6.3% |
| Cumulative Contribution | -31.3% |
Market Drivers
9/30/2025 to 10/9/2026| Return | Correlation | |
|---|---|---|
| KLXE | -31.2% | |
| Market (SPY) | 17.8% | 7.4% |
| Sector (XLE) | 49.0% | 31.9% |
Fundamental Drivers
The -88.9% change in KLXE stock from 9/30/2023 to 10/9/2026 was primarily driven by a -79.4% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.85 | 1.32 | -88.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 918 | 636 | -30.8% |
| P/S Multiple | 0.2 | 0.0 | -79.4% |
| Shares Outstanding (Mil) | 16 | 20 | -22.0% |
| Cumulative Contribution | -88.9% |
Market Drivers
9/30/2023 to 10/9/2026| Return | Correlation | |
|---|---|---|
| KLXE | -88.9% | |
| Market (SPY) | 88.4% | 24.0% |
| Sector (XLE) | 57.4% | 45.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KLXE Return | -52% | 458% | -35% | -56% | -62% | -33% | -80% |
| Peers Return | 28% | 73% | -14% | -4% | -8% | 20% | 103% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| KLXE Win Rate | 42% | 75% | 33% | 25% | 33% | 30% | |
| Peers Win Rate | 54% | 56% | 31% | 56% | 40% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KLXE Max Drawdown | -83% | -65% | -54% | -62% | -78% | -70% | |
| Peers Max Drawdown | -49% | -48% | -37% | -34% | -49% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LBRT, PTEN, PUMP, RES, NINE. See KLXE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)
How Low Can It Go
| Event | KLXE | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.5% | -9.5% |
| % Gain to Breakeven | 24.3% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -82.6% | -33.7% |
| % Gain to Breakeven | 474.0% | 50.9% |
| Time to Breakeven | 69 days | 140 days |
In The Past
KLX Energy Services's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | KLXE | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -82.6% | -33.7% |
| % Gain to Breakeven | 474.0% | 50.9% |
| Time to Breakeven | 69 days | 140 days |
In The Past
KLX Energy Services's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About KLX Energy Services (KLXE)
KLX Energy Services (KLXE) is a U.S.-based company that provides a comprehensive suite of mission-critical technical services, tools, and equipment to the onshore oil and gas industry. The company operates across the major U.S. shale plays, including the Southwest, Rocky Mountains, and Northeast/Mid-Con regions. Its primary customers are companies involved in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.
KLXE's offerings span the entire lifecycle of an oil and gas well, from drilling through completion and ongoing production. Key services include directional drilling and related navigational tools, coiled tubing, nitrogen, pressure control, and hydraulic fracturing rental products for completions. For production and well intervention, KLXE provides maintenance services, mechanical and slick line services, specialized tools like premium tubulars, and expert solutions for downhole complications.
Essentially, KLX Energy Services acts as a vital support partner for onshore oil and gas producers, equipping them with the specialized services and equipment needed to drill, complete, and maintain their wells efficiently and effectively across the United States.
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Here are 1-2 brief analogies to describe KLX Energy Services:
- KLX Energy Services is like **United Rentals for the oilfield**, supplying critical equipment and a wide range of specialized services for drilling and maintaining wells.
- Think of KLX Energy Services as a **'GE Healthcare' for oil and gas wells**, offering specialized diagnostic, intervention, and maintenance tools and services to keep them productive.
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- Directional Drilling Services: Services and downhole navigational tools for guiding the trajectory of oil and gas wells.
- Drilling & Wellsite Rentals: Provides various drilling rental tools, accommodation rentals, and well planning and supervision support.
- Coiled Tubing & Nitrogen Services: Specialized services using coiled tubing and nitrogen for wellbore operations.
- Pressure Control & Wellhead Services: Products and services for managing well pressure and wellhead operations.
- Hydraulic Fracturing Rentals: Rental products and services specifically for hydraulic fracturing operations.
- Flowback & Testing Services: Services for managing fluid flow and testing wells post-completion.
- Wireline Services: Provides electric line and slickline services for various well intervention and data acquisition tasks.
- Cementing & Completion Tools: A range of products including plugs, liners, stage cementing tools, and float equipment used in well completion.
- Rig Assist Snubbing & Pumping: Services for rig assist snubbing and pressure pumping, including acidizing.
- Production Maintenance & Intervention: Maintenance-related intervention services and specialized tools for production wells.
- Hydro-Testing & Premium Tubulars: Services for hydro-testing and supply of premium tubular goods for production.
- Engineered Intervention Solutions: Specialized technical services and equipment to address complex downhole complications.
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Christopher J. Baker, President and Chief Executive Officer
Christopher J. Baker has served as President and CEO of KLX Energy Services since the company merged with Quintana Energy Services (QES) in 2020. He brings over 25 years of experience in the oil and gas industry. Prior to the merger, Baker was the President and CEO of QES and a member of its Board of Directors. His career includes executive roles such as managing director of oilfield services for Quintana Capital Group, where he was responsible for sourcing, evaluating, and executing oilfield service investments for Quintana's private equity funds and overseeing the growth and management of their portfolio companies. He also served as a senior associate for Citigroup Global Markets Inc. and vice president of operations for Theta II Enterprises, Inc.
Geoffrey C. Stanford, Interim Chief Financial Officer
Geoffrey C. Stanford was appointed Interim Chief Financial Officer of KLX Energy Services, effective January 7, 2026. He previously served as the Senior Vice President and Chief Accounting Officer at KLX from December 2020 until January 2026, and as Vice President and Chief Accounting Officer of Quintana Energy Services (QES) from May 2018 until the merger in July 2020. Stanford joined KLX in 2018 as Vice President and Chief Accounting Officer. His professional background includes leadership roles at Amedisys Home Health & Hospice, Willbros Construction, The Shaw Group, and Albemarle Corporation, where he focused on corporate operations and financial management.
Max L. Bouthillette, Executive Vice President, General Counsel and Chief Compliance Officer
Max L. Bouthillette is the executive vice president, general counsel, and chief compliance officer of KLX Energy Services. Before joining KLX, he held the same role at Quintana Energy Services (QES) since its IPO and was a member of QES LP's Board of Directors. Bouthillette has over 24 years of legal experience in oilfield services companies, including executive positions at BJ Services, Baker Hostetler LLP, and Schlumberger.
John Horgan, Vice President, Operations
John Horgan has served as vice president of operations at KLX Energy Services since July 2020. With over 35 years of industry experience, he spent the majority of his career at Halliburton, holding various engineering, sales, and operational roles across the US, the Middle East, and Europe. Before the merger with KLX in 2020, Horgan led the Completion and Production Services division at QES.
Jay Survant, Vice President, Human Resources
Jay Survant is the vice president of human resources at KLX Energy Services, a position he has held since 2014. He has over 20 years of experience in HR and organizational development, leading KLX's HR strategies. Prior to KLX, Survant was vice president of human resources at Stallion Oilfield Services, where he managed a wide range of HR functions and contributed to employee benefits design and talent management. He also held key roles at Talent Tree Crystal, Inc. and Accenture, specializing in talent management and project management.
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The key risks to KLX Energy Services (KLXE) are primarily driven by the inherent volatility of the oil and gas industry, significant financial leverage, and evolving regulatory landscapes.
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Volatility of Oil and Natural Gas Prices and Cyclical Nature of the Industry: KLX Energy Services' business is highly dependent on domestic capital spending by the oil and natural gas industry, which in turn is significantly affected by the volatile nature of oil and natural gas prices. Fluctuations in commodity prices directly impact the demand for KLXE's drilling, completions, production, and well intervention services, leading to reductions in capital spending by exploration and production companies and subsequently affecting KLXE's revenue and profitability.
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High Leverage and Substantial Indebtedness: The company operates with substantial indebtedness, including its 2030 Senior Notes and 2028 ABL Facility. This high leverage imposes significant financial and operational restrictions, which can limit strategic flexibility and impact liquidity. KLXE's balance sheet has shown consistent net losses and negative stockholders' equity, and the company has had to proactively amend debt covenants to maintain financial flexibility.
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Regulatory and Environmental Pressures: KLX Energy Services and its customers are subject to extensive and evolving environmental, health, and safety regulations. Increasing regulatory scrutiny, particularly concerning climate-related disclosures and hydraulic fracturing, could lead to higher compliance costs, increased litigation risks, and potentially reduced demand for oil and gas services.
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For KLX Energy Services (KLXE), the addressable markets for their main products and services in North America, with a specific focus on the U.S. onshore regions, are substantial:
- Directional Drilling Services: The U.S. horizontal directional drilling market generated a revenue of approximately USD 1.89 billion in 2024 and is projected to reach about USD 3.14 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.5% from 2025 to 2030. Onshore applications represented the largest segment in 2024. Another report estimates the United States Directional Drilling Services Market at USD 2.73 billion in 2025, growing to USD 3.75 billion by 2031 at a 5.43% CAGR.
- Coiled Tubing Services: The North America coiled tubing services market was valued at approximately USD 3.84 billion in 2024 and is expected to reach about USD 5.16 billion by 2030, with a CAGR of 5.05% during the forecast period. The U.S. coiled tubing services market alone is projected to reach an estimated value of USD 5.15 billion by 2032. The onshore segment dominated the global coiled tubing services market with a 74.96% share in 2026.
- Hydraulic Fracturing Services: The market size for Hydraulic Fracturing Services in the U.S. was approximately USD 40.5 billion in 2024. This market is projected to grow to approximately USD 12.96 billion by 2035 with a CAGR of 12.3% from 2025 to 2035. North America held the largest regional share in the hydraulic fracturing market in 2025.
- Wireline Services: The U.S. wireline services market is projected to be valued at approximately USD 3.09 billion in 2026. The North America wireline services market was valued at approximately USD 3.91 billion in 2025 and USD 4.12 billion in 2026. The onshore segment accounted for the largest revenue share of 63.21% in the global wireline services market in 2026.
- Well Intervention Services: The North America well intervention market size was approximately USD 9.18 billion in 2024 and is anticipated to reach approximately USD 13.25 billion by 2033, growing at a CAGR of 4.16%. Onshore applications held the largest share of the North America well intervention market in 2024. The U.S. market size for well intervention is expected to reach approximately USD 3.06 billion in 2026.
- Overall U.S. Onshore Oilfield Services Market: The United States Oilfield Services Market was valued at approximately USD 34.08 billion in 2023 and is projected to reach approximately USD 41.37 billion by 2029, with a CAGR of 3.13%. The onshore segment dominated the global oilfield services market, accounting for 65.9% of the revenue share in 2023.
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- Increased Focus on Gas-Directed Basins: The company is strategically shifting its focus and allocating assets towards gas-directed basins. This strategy has already shown results, with dry gas revenue in the Northeast/Mid-Con segment increasing significantly quarter-over-quarter and year-over-year in 2025. Management anticipates a gradually improving market in these gas-directed basins, which they believe will lead to incremental rig activity before a more significant recovery in certain oil-directed markets.
- Optimization of High-Margin Product and Service Mix: KLX Energy Services is committed to optimizing its product and service mix, with a particular emphasis on higher-margin, technically differentiated work. The Completion services segment already represents the largest portion of the company's revenue and has demonstrated sequential growth, indicating a successful strategic shift towards this profitable area.
- Enhanced Operational Efficiency and Cost Discipline: While not a direct revenue driver, the company's continuous focus on operational excellence, cost efficiency, and disciplined capital deployment is expected to support margin expansion. This improved profitability allows for strategic investments in key growth areas and contributes to overall financial health, indirectly supporting sustained revenue growth.
- Strategic Asset Allocation and Utilization Improvement: KLXE is actively managing its asset base by strategically allocating equipment across its operational footprint to maximize utilization and minimize "white space," or unused fleet capacity. This efficient deployment of assets is crucial for serving customer demand effectively and optimizing revenue generation from its existing fleet.
- Expansion of Market Share with Key Customers and Advanced Offerings: KLX Energy Services has demonstrated success in expanding its market share with leading customers and anticipates this trend will continue. This growth is supported by an upgraded suite of proprietary tools and products, as well as the deployment of its latest-generation equipment, which enhances its service capabilities and competitiveness.
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Share Repurchases
- As of Q1 2025, KLX Energy Services had approximately $49 million remaining under its 2019 share repurchase program.
- The original share repurchase program, authorized on August 12, 2019, was for a maximum of $50 million.
Share Issuance
- From June 14, 2021, to June 11, 2024, the company sold 4,183,513 shares of common stock through an "at-the-market" offering program, generating net proceeds of approximately $31.8 million.
- As of March 14, 2025, the aggregate offering price of the "at-the-market" program was increased to approximately $57.75 million, with $25 million of capacity remaining.
- In March 2026, KLX Energy Services issued warrants to noteholders to purchase up to 803,712 shares of common stock at an exercise price of $0.01 per share, in connection with an indenture amendment.
Outbound Investments
- In March 2023, KLX Energy Services acquired Greenes Energy Group, a provider of oilfield services for well completion and production.
Capital Expenditures
- Net capital expenditures for the full year 2025 were approximately $33 million, with gross capital expenditures expected in the range of $40 million to $50 million.
- Capital spending in 2025 was primarily driven by maintenance capital expenditures across all segments, including the pressure pumping, coiled tubing, and accommodation fleets.
- For 2026, expected gross capital expenditures are approximately $40 million, and net capital expenditures are projected to be in the range of $30-$35 million, with the vast majority dedicated to maintenance CapEx.
Peer Outperformance in Oil & Gas Equipment & Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 121.7% | 144.4% | 354.4% | MPC 681% · PBF 566% · VLO 544% |
| Integrated Oil & Gas | 7 | 43.9% | 68.8% | 216.8% | IMO 306% · SU 288% · XOM 224% |
| Oil & Gas Storage & Transportation | 18 | 27.5% | 123.4% | 181.7% | INSW 1075% · LPG 885% · TRGP 504% |
| Oil & Gas Equipment & Services ← | 34 | 34.1% | 13.9% | 75.7% | SEI 973% · FTI 773% · TDW 560% |
| Coal & Consumable Fuels | 14 | -20.2% | 17.9% | 70.8% | EU 873% · CCJ 319% · LEU 266% |
| Oil & Gas Drilling | 7 | 65.4% | 5.4% | 57.4% | VAL 136% · NE 89% · PDS 87% |
| Oil & Gas Exploration & Production | 51 | 23.2% | 4.9% | 44.4% | KGEI 10026% · OBE 6722% · EP 3053% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.41 |
| Mkt Cap | 1.2 |
| Rev LTM | 1,474 |
| Op Inc LTM | -12 |
| FCF LTM | -12 |
| FCF 3Y Avg | 62 |
| CFO LTM | 187 |
| CFO 3Y Avg | 264 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.2% |
| Rev Chg 3Y Avg | -3.5% |
| Rev Chg Q | 7.4% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | -37.2% |
| Op Inc Chg 3Y Avg | -72.8% |
| Op Mgn LTM | -1.2% |
| Op Mgn 3Y Avg | 1.2% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 9.7% |
| CFO/Rev 3Y Avg | 17.3% |
| FCF/Rev LTM | -1.1% |
| FCF/Rev 3Y Avg | 2.5% |
Price Behavior
| Market Price | $1.32 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/17/2018 | |
| Distance from 52W High | -69.1% | |
| 50 Days | 200 Days | |
| DMA Price | $1.60 | $2.38 |
| DMA Trend | down | down |
| Distance from DMA | -17.3% | -44.6% |
| 3M | 1YR | |
| Volatility | 84.3% | 95.9% |
| Downside Capture | 341.83 | 149.22 |
| Upside Capture | -40.16 | 81.70 |
| Correlation (SPY) | 5.3% | 7.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.96 | 0.86 | 0.39 | -0.18 | 0.53 | 1.39 |
| Up Beta | -5.35 | -3.08 | 0.54 | -3.04 | -2.32 | 0.83 |
| Down Beta | 2.64 | 3.35 | -2.08 | 1.39 | 1.75 | 2.03 |
| Up Capture | 124% | 56% | -34% | -18% | 74% | 60% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 16 | 25 | 53 | 114 | 331 |
| Down Capture | 184% | 407% | 264% | 142% | 124% | 112% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 21 | 34 | 68 | 126 | 394 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLXE | |
|---|---|---|---|---|
| KLXE | -34.1% | 95.9% | 0.00 | - |
| Sector ETF (XLE) | 49.8% | 22.1% | 1.73 | 31.9% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 7.5% |
| Gold (GLD) | 3.3% | 29.5% | 0.11 | 8.4% |
| Commodities (DBC) | 44.8% | 20.9% | 1.67 | 31.1% |
| Real Estate (VNQ) | 4.8% | 13.8% | 0.09 | -4.0% |
| Bitcoin (BTCUSD) | -33.8% | 44.2% | -0.81 | 18.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLXE | |
|---|---|---|---|---|
| KLXE | -22.6% | 89.2% | 0.11 | - |
| Sector ETF (XLE) | 23.5% | 25.5% | 0.81 | 52.7% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 23.6% |
| Gold (GLD) | 18.5% | 18.9% | 0.79 | 9.2% |
| Commodities (DBC) | 10.0% | 19.6% | 0.39 | 40.8% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 16.6% |
| Bitcoin (BTCUSD) | 11.2% | 52.0% | 0.39 | 11.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KLXE | |
|---|---|---|---|---|
| KLXE | -37.7% | 98.7% | -0.14 | - |
| Sector ETF (XLE) | 10.8% | 29.6% | 0.40 | 53.1% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 29.1% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 3.4% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 39.6% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 23.8% |
| Bitcoin (BTCUSD) | 63.3% | 66.2% | 1.03 | 9.7% |
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Returns Analyses
Earnings Returns History
Updated 9/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -30.8% | -28.1% | -30.8% |
| 5/12/2026 | 10.6% | -3.4% | -24.9% |
| 3/11/2026 | -9.5% | -5.1% | -24.4% |
| 11/5/2025 | 6.3% | -2.3% | -4.6% |
| 8/6/2025 | -5.6% | 16.0% | 16.7% |
| 5/8/2025 | -17.2% | -9.2% | -15.9% |
| 3/12/2025 | -6.1% | -13.3% | -63.9% |
| 10/31/2024 | -3.8% | 28.3% | 33.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 8 |
| # Negative | 14 | 17 | 16 |
| Median Positive | 7.2% | 16.0% | 16.7% |
| Median Negative | -9.0% | -11.1% | -19.8% |
| Max Positive | 24.7% | 32.5% | 44.3% |
| Max Negative | -30.8% | -28.1% | -63.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -30.8% | -28.1% | -30.8% |
| 5/12/2026 | 10.6% | -3.4% | -24.9% |
| 3/11/2026 | -9.5% | -5.1% | -24.4% |
| 11/5/2025 | 6.3% | -2.3% | -4.6% |
| 8/6/2025 | -5.6% | 16.0% | 16.7% |
| 5/8/2025 | -17.2% | -9.2% | -15.9% |
| 3/12/2025 | -6.1% | -13.3% | -63.9% |
| 10/31/2024 | -3.8% | 28.3% | 33.6% |
| 8/7/2024 | 5.6% | 16.1% | 8.0% |
| 5/7/2024 | -8.6% | -10.4% | -28.7% |
| 3/6/2024 | -2.6% | -7.0% | -1.3% |
| 11/6/2023 | -0.9% | -4.2% | -7.0% |
| 8/9/2023 | 4.2% | -11.1% | -2.0% |
| 6/20/2023 | 8.0% | 0.5% | 29.0% |
| 3/8/2023 | 12.1% | -8.6% | -11.5% |
| 11/9/2022 | 4.1% | 2.5% | -16.2% |
| 8/11/2022 | 10.4% | 14.6% | 12.5% |
| 5/12/2022 | 24.7% | 32.5% | 44.3% |
| 3/11/2022 | 4.4% | -24.0% | -45.2% |
| 12/10/2021 | -10.8% | -21.3% | 3.5% |
| 9/9/2021 | -1.3% | -17.0% | -23.4% |
| 6/9/2021 | -24.2% | -22.0% | -36.5% |
| 4/15/2021 | -16.3% | -15.9% | 16.7% |
| 12/8/2020 | -14.7% | -15.0% | -5.2% |
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 8 |
| # Negative | 14 | 17 | 16 |
| Median Positive | 7.2% | 16.0% | 16.7% |
| Median Negative | -9.0% | -11.1% | -19.8% |
| Max Positive | 24.7% | 32.5% | 44.3% |
| Max Negative | -30.8% | -28.1% | -63.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-KT |
| 10/31/2021 | 12/10/2021 | 10-Q |
| 07/31/2021 | 09/10/2021 | 10-Q |
| 04/30/2021 | 06/11/2021 | 10-Q |
| 01/31/2021 | 04/28/2021 | 10-K |
| 10/31/2020 | 12/09/2020 | 10-Q |
| 07/31/2020 | 09/08/2020 | 10-Q |
| 04/30/2020 | 06/05/2020 | 10-Q |
| 01/31/2020 | 03/24/2020 | 10-K |
| 10/31/2019 | 12/10/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 176.00 Mil | 182.00 Mil | 188.00 Mil | 9.0% | Higher New | Guidance: 167.00 Mil for Q2 2026 | |
Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue Growth | Reported | -5.0% | -8.0% | Lower New | Actual: 3.0% for Q3 2025 | |||
Insider Activity
Updated 9/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bouthillette, Max | See Remarks | Direct | Buy | 12162025 | 1.67 | 16,500 | 27,555 | 238,585 | Form |
| 2 | Stanford, Geoffrey C | See Remarks | Direct | Buy | 12152025 | 1.85 | 20,000 | 37,000 | 142,935 | Form |
| 3 | Stanford, Geoffrey C | See Remarks | Direct | Buy | 12152025 | 1.94 | 30,000 | 58,200 | 111,088 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bouthillette, Max | See Remarks | Direct | Buy | 12162025 | 1.67 | 16,500 | 27,555 | 238,585 | Form |
| 2 | Stanford, Geoffrey C | See Remarks | Direct | Buy | 12152025 | 1.85 | 20,000 | 37,000 | 142,935 | Form |
| 3 | Stanford, Geoffrey C | See Remarks | Direct | Buy | 12152025 | 1.94 | 30,000 | 58,200 | 111,088 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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