Low-Risk High Reward In KLX Energy Services 11.5% Yield Baby Bonds [Seeking Alpha]
KLX Energy Services Holdings, Inc. (KLXE)
Last klx energy services holdings, inc. earnings: 3/9 06:00 am
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Source: Seeking Alpha
The company is expected to refinance its 2025 Notes before November to avoid becoming current liabilities. KLXE has shown resilience in the face of a drop in rigs and has reduced its net debt significantly. Summary The default risk is shallow thanks to low leverage (1.3x EBITDA) and ample liquidity. The fact that they trade close to par confirms this assumption. These baby bonds offer close to a 12% yield to maturity and are accessible for retail accounts. Introduction KLX Energy Services Holdings, KLXE, is a US onshore oil services company (fracking) whose origin is a spinoff made in 2018 when its parent, dedicated to the aeronautics sector, was acquired by Boeing. Over the past five years, the company has grown primarily through mergers and they continue to have that intention, prioritizing equity transactions. This highly fragmented sector benefits from consolidation as fixed costs are diluted over a larger base. While it is true that the shares are trading at a very
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KLXE
News
- KLX ENERGY SERVICES ANNOUNCES 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULEPR Newswire
- KLX Energy Services Holdings, Inc. to Participate in the 2024 Piper Sandler 24th Annual Energy ConferencePR Newswire
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of KLX Energy Services Holdings, Inc. (NASDAQ: KLXE)PR Newswire
- KLX Energy Services Holdings Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
KLXE
Earnings
- 3/6/24 - Miss
KLXE
Sec Filings
- 4/1/24 - Form 4
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- KLXE's page on the SEC website