KLX Energy Services Holdings, Inc. filings document the public-company record for an oilfield-services provider with $0.01 par value common stock listed on the Nasdaq Global Select Market under KLXE. Recent Form 8-K reports furnish quarterly and annual operating results, Regulation FD investor presentations, non-GAAP financial measures and liquidity information tied to the company's asset-based revolving credit facility.
Proxy filings describe annual meeting matters, director elections, certificate-of-incorporation amendment matters affecting board classification, and stockholder voting mechanics. The filing record also identifies governance disclosures, exhibit materials, forward-looking statement cautions and formal reporting of financial results for KLX's U.S. drilling, completion, production and intervention service business.
KLX Energy Services Holdings, Inc. (KLXE) amended a Form 3 to correct GG Managers LLC’s relationship to the issuer: GG Managers is a 10% owner, not a director. The amendment leaves the original Table I information and footnotes unchanged. Five managed funds directly beneficially own 22,495,104 common shares in aggregate; Cross Ocean Partners Management LP, Cross Ocean Partners Management GP, LLC, GG Managers LLC and Graham C. Goldsmith may each be deemed indirect beneficial owners, subject to the stated disclaimers.
KLX Energy Services Holdings, Inc. (KLXE) reports that five managed funds directly beneficially own 22,495,104 common shares as of September 29, 2026. Cross Ocean Partners Management LP has delegated authority relating to the funds; Cross Ocean Partners Management GP, LLC, GG Managers LLC, and Graham C. Goldsmith may also be deemed indirect beneficial owners. Each is listed as a 10% owner, and GG Managers LLC is also listed as a director. The reporting persons disclaim beneficial ownership of securities held by the others except to the extent of any pecuniary interest.
KLX Energy Services Holdings, Inc. (KLXE) lists Whitebox Advisors LLC, a 10% owner, with an indirect position of 13,055,633 common shares as of September 29, 2026. Certain private investment funds directly own the shares, and Whitebox acts as their investment manager. Whitebox may be deemed to beneficially own the shares through that role and disclaims beneficial ownership except to the extent of its pecuniary interest.
Cross Ocean GSS Master Fund LP, Cross Ocean Partners Management LP, its general partner Cross Ocean Partners Management GP LLC, GG Managers LLC, sole member of the general partner, and Graham C. Goldsmith, sole member of GG Managers, report beneficial ownership of 22,495,104 shares of KLX Energy Services Holdings, Inc. (KLXE) common stock, or 21.3%. The amount reflects shared voting and dispositive power; Cross Ocean GSS Master Fund LP directly beneficially owns 8,358,619 shares. The 21.3% calculation uses 105,677,168 shares expected to be outstanding after the Rights Offering and Backstop Exchange.
On September 29, 2026, Cross Ocean Managed Funds acquired 21,890,180 shares in the Backstop Exchange for approximately $32.4 million principal amount of 2030 Notes and approximately $0.2 million accrued and unpaid interest. KLX's Rights Offering was $125 million, with a subscription price of $1.49 per share.
The reporting persons have a right to designate one individual for appointment to the board, subject to eligibility, and have designated an independent candidate whose appointment they expect KLX to disclose later. Their annual-meeting nomination rights continue while the designated holder and its controlled affiliates beneficially own at least 7.5%.
KLX Energy Services Holdings, Inc. completed its $125.0 million rights offering and the Backstop Exchange on September 29, 2026. Backstop Parties received 59,273,445 shares in the exchange, including 12,876,575 shares for the Whitebox Funds. The aggregate backstop commitment fell from $94.0 million to $87.8 million after $6.2 million of 2030 Notes were redeemed with rights-offering proceeds. The subscription price was $1.49 per share.
Whitebox Advisors LLC reported beneficial ownership of 13,055,633 shares, or approximately 12.4% of KLXE, calculated against 105,677,168 shares expected to be outstanding after the offering and exchange. On September 24, 2026, Whitebox Relative Value Partners, LP, Whitebox GT Fund LP, and Whitebox Multi-Strategy Partners, LP sold 189,541, 26,181, and 249,976 shares, respectively, at $1.49 per share through assignments on short positions in subscription rights. Whitebox says it intends to continue discussions with KLXE about potential consensual transactions, which may involve changes to its capital structure, governance, or board composition.
KLX Energy Services Holdings, Inc. completed its subscription rights offering on September 29, 2026: 24,975,001 common shares were purchased at $1.49 per share, generating $37.2 million in gross proceeds to the company. KLX expects to use $31.0 million for general corporate purposes, including fees and expenses, and $6.2 million to redeem 2030 Notes at par plus accrued and unpaid interest. The Backstop Exchange will issue 59,273,445 shares to noteholders; the combined redemptions and exchange will reduce 2030 Notes principal by $94.0 million. KLX expects 105,677,168 common shares issued and outstanding after both transactions.
The amended indenture sets the total net leverage maintenance covenant at 4.50:1.00 beginning with the fiscal quarter ending September 30, 2026, stepping down to 3.00:1.00 for the quarter ending June 30, 2029. It raises the additional-debt incurrence test from 2.50:1.00 to 3.00:1.00, increases the purchase-money and capital-lease debt basket from $75.0 million to $85.0 million, and reduces the make-whole premium from 102% to 101%.
KLX Energy Services Holdings, Inc. (KLXE) updated its third-quarter 2026 outlook, guiding to revenue of $180 million to $185 million and an Adjusted EBITDA margin of 13% to 14%. At the midpoint, management expects revenue to increase approximately 9% sequentially, Adjusted EBITDA to improve approximately 30%, and Adjusted EBITDA margin to rise approximately 200 basis points sequentially. Quarter-end closing procedures remain incomplete, and KLX plans to discuss complete results in November 2026.
The subscription rights offering expired September 23, 2026, with 24,975,001 shares expected to be issued at $1.49 per share for $37.2 million in gross proceeds. KLX expects to use $31.0 million for general corporate purposes, including offering fees and expenses, and $6.2 million to redeem 2030 Notes at par plus accrued and unpaid interest. The Backstop Exchange is expected to reduce 2030 Notes principal by $94.0 million and issue approximately 59.3 million shares to backstop parties; after both transactions, KLX expects approximately 105.7 million shares issued and outstanding. Distribution is expected on or about September 29, 2026, subject to customary closing conditions.
KLX Energy Services Holdings, Inc. is the issuer in a Form 25 notice concerning removal of its rights from Nasdaq listing and/or registration. Nasdaq Stock Market LLC certified it had reasonable grounds to believe it met the Form 25 filing requirements; the notice also states that the issuer complied with exchange requirements governing voluntary withdrawal.
KLX Energy Services Holdings, Inc. adopted a limited-duration stockholder rights plan effective September 23, 2026, and declared a dividend of one right for each outstanding common share held of record at the close of business October 5, 2026. Each right initially allows its holder to purchase one one-thousandth of a Series A Junior Participating Preferred share for $9.00, subject to adjustment. Rights generally become exercisable when a person or group reaches 10% ownership; a holder already at 10% or more generally also triggers the plan by acquiring one or more additional shares. Rights held by an Acquiring Person become void.
Rights expire September 23, 2027, unless earlier redeemed, exchanged or terminated. The Board said it intends to submit any extension beyond the initial term to stockholders for a vote. Separately, KLXE’s $125 million backstopped equity rights offering expired at 5:00 p.m. New York City time on September 23, 2026. Basic subscription rights covered 3.885 shares at $1.49 per whole share, subject to a 9.995% post-exercise ownership limit for eligible holders other than backstop parties. Backstop parties committed $94.0 million; after completion, the company expects the outstanding principal of its 2030 Notes to decline by $94.0 million through note exchanges and redemptions from excess proceeds.
KLX Energy Services Holdings, Inc. (KLXE) reported that President, Chief Executive Officer and Director Christopher J. Baker exercised basic subscription rights in connection with the company’s August 21, 2026 equity rights offering. He exercised 38,870 Basic Subscription Rights at a $1.49 subscription price per underlying share, acquiring 151,009 shares of common stock and increasing his directly held common stock to 605,735 shares. The derivative position in basic subscription rights decreased, with 415,856 rights reported as held directly after the transaction. No Rule 10b5-1 trading plan is reported.