---
schema_version: "secwatch.filing_event.v1"
accession: "0001738827-23-000008"
form_type: "8-K"
ticker: "KLXE"
cik: "0001738827"
company_name: "KLX Energy Services Holdings, Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:38:00.465976+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KLX Energy Services reports record Q4 2022 revenue of $223.3M; net income $13.2M

## Summary
- Revenue $223.3M; net income $13.2M ($1.07 basic EPS), net income margin 5.9%.
- Adjusted EBITDA $37.3M (16.7% margin); cash $57.4M (+38.6% sequentially).
- Exchanged $12.8M of 11.5% senior secured notes for 777,811 shares; annual cash interest reduced by $1.5M.
- Total debt $283.4M (-4.1%); net debt $226.0M (-11.1%); liquidity $101.8M (+17.8% sequentially).

## SEC filing metadata
- accession: 0001738827-23-000008
- form_type: 8-K
- ticker: KLXE
- cik: 0001738827
- company_name: KLX Energy Services Holdings, Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738827/000173882723000008/0001738827-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738827/000173882723000008/klxe-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001738827-23-000008
- JSON: https://secwatch.observer/filing/0001738827-23-000008.json
- Plain text: https://secwatch.observer/filing/0001738827-23-000008.txt

## Key facts
- Earnings Releases
  KLX Energy Services Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $223.3 million, net income $13.2 million, EPS $1.07/share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $223.3 million
  - Net income: $13.2 million
  - EPS: $1.07/share
  - Result: reported results
  source text: Prior Year Fourth Quarter”) and the twelve months ended December 31, 2021 (“Pro Forma Prior Fiscal Year”). Fourth Quarter 2022 Financial and Operational Highlights • Revenue of $223.3 million • Generated net income of $13.2 million, an 18.9% sequential increase, net income margin of 5.9% and basic earnings per share of $1.07/share • Adjusted EBITDA of $37.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738827/000173882723000008/0001738827-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.