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. reported first quarter 2026 revenue of $144.7 million, down 6% from the prior year’s first quarter, and a net loss of $24.0 million, or $(1.23) per diluted share. Adjusted EBITDA was $11.1 million, giving an Adjusted EBITDA margin of 7.7%, compared with 9.0% a year earlier, and consolidated net loss margin was 16.6%.
By segment, revenue was $38.6 million in Rocky Mountains, $53.6 million in Southwest and $52.5 million in Northeast/Mid-Con, with Northeast/Mid-Con showing a 28.0% year-over-year revenue increase and strong margin improvement. Total liquidity as of March 31, 2026 was $47.7 million, including $5.6 million of cash. The company forecasts second quarter 2026 revenue of $162–$172 million, with a midpoint of $167 million, and expects sequential Adjusted EBITDA margin expansion driven by higher activity.
KLX Energy Services Holdings, Inc. reported the final results from its 2026 Annual Meeting of Stockholders held on May 6, 2026. There were 19,668,752 shares issued, outstanding and entitled to vote as of the March 17, 2026 record date.
Stockholders did not approve declassification of the Board of Directors or the elimination of supermajority voting requirements to amend the bylaws or certificate of incorporation, each of which required an affirmative vote of 66 2/3% in voting power of the outstanding voting stock. Two Class II director nominees, John T. Collins and Danielle E. Hunter, were elected to serve until the 2029 Annual Meeting.
On a non-binding, advisory basis, stockholders approved the compensation of the company’s named executive officers. Stockholders also ratified the selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm. No other matters were submitted for stockholder action at the meeting.
KLX Energy Services Holdings, Inc. furnished an investor presentation outlining recent performance and near-term expectations. For Q4 2025, the company reported revenue of $157 million, down sequentially due to normal seasonality, and Adjusted EBITDA of $23 million, with a 14% Adjusted EBITDA margin.
The presentation highlights last-twelve-month revenue of $637 million, last-twelve-month Adjusted EBITDA of $76 million, and a last-twelve-month net loss of $77 million. KLX ended Q4 2025 with total debt of $258 million, Net Debt of $253 million, liquidity of $56 million, and cash of $6 million. Q1 2026 revenue guidance is $145–$150 million.
KLX Energy Services Holdings, Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on May 6, 2026 on a broad slate of governance and compensation items. Holders of 19,668,752 common shares as of March 17, 2026 are entitled to one vote per share.
Key proposals include declassifying the Board over three annual meetings, electing two Class II directors, advisory approval of executive pay, and eliminating supermajority requirements to amend the bylaws and charter. Stockholders will also vote on ratifying the independent auditor. In 2025 the company generated revenues of $636.6 million, a net loss of $77.1 million, net loss per diluted share of $4.12 and adjusted EBITDA of $76.1 million, and responded to a 44.9% say-on-pay result with expanded disclosure, investor outreach and a stock ownership policy for executives and directors.
KLX Energy Services Holdings, Inc. is soliciting proxies for its virtual 2026 Annual Meeting of Stockholders to be held on Wednesday, May 6, 2026 at 9:00 a.m. Central Daylight Time. Stockholders of record as of March 17, 2026 may vote.
The Board asks holders to vote on: (1) an amendment to declassify the Board (66 2/3% voting power required), (2) election of two Class II director nominees, (3) an advisory say-on-pay vote, (4–5) amendments to eliminate supermajority voting requirements to amend bylaws and charter, and (6) ratification of the independent auditor.
Summary 2025 financials: Revenues were $636.6 million; operating loss was $(30.3) million; net loss was $(77.1) million (net loss per diluted share $(4.12)); cash flow from operations was $7.5 million; and Adjusted EBITDA was $76.1 million. The Proxy Materials, 2025 Annual Report and proxy card are available online.
KLX Energy Services Holdings, Inc. reports a Schedule 13G showing reported beneficial ownership by Cross Ocean affiliates. Collectively the Reporting Persons beneficially own 1,174,325 Shares, which includes warrants to purchase 305,438 Shares. One feeder fund, Cross Ocean GSS Onshore Feeder LP, beneficially owns 436,349 Shares (including 113,493 Warrants). The filing states the 19,529,046 Shares outstanding as of February 27, 2026 basis from the issuer's Form 10-K, and reports ownership percentages of approximately 5.9% and 2.2% for the reporting group and feeder fund respectively.
The filing is a joint Schedule 13G with delegated investment management relationships and includes a Joint Filing Agreement; the Reporting Persons disclaim beneficial ownership beyond holdings reported here.
KLX Energy Services Holdings, Inc. is a U.S. onshore oilfield services provider offering drilling, completion, production and intervention services across major basins through three regional segments and more than 60 service facilities. Its offerings include directional drilling, coiled tubing, wireline, pressure control, rentals and proprietary downhole tools.
The company highlights cyclical demand tied to oil and gas prices, recent declines in U.S. rig activity and WTI prices, and extensive risk factors including industry downturns, high leverage under its 2030 Senior Notes and 2028 ABL Facility, cost inflation, regulatory and environmental pressures, cybersecurity, and climate-related and hydraulic fracturing regulation. As of June 30, 2025, non‑affiliate common stock market value was approximately $29.0 million, and 19,529,046 shares were outstanding as of February 27, 2026.
KLX Energy Services Holdings, Inc. reported weaker 2025 results, with full‑year revenue of $636.6 million versus $709.3 million in 2024 and a net loss of $77.1 million, or $(4.12) per share. Adjusted EBITDA was $76.1 million, giving a 12.0% Adjusted EBITDA margin.
Fourth quarter 2025 revenue was $156.8 million and net loss was $15.0 million, while Adjusted EBITDA reached $22.5 million with a 14.3% margin. The Northeast/Mid-Con segment delivered the strongest profitability with a 25.3% Adjusted EBITDA margin.
Liquidity at December 31, 2025 totaled $56.3 million, including $5.7 million of cash, against total debt of $258.3 million and Net Debt of $252.6 million. On March 6 and 11, 2026, KLX amended its 2030 Senior Notes indenture to obtain financial covenant relief and issued warrants to noteholders to purchase up to 803,712 common shares at $0.01 per share, expiring five years from issuance.
KLX Energy Services Holdings insider activity: Officer Geoffrey C. Stanford reported a tax-related share disposition. On March 1, 2026, 2,422 shares of common stock were withheld by the company at $2.54 per share to cover tax liabilities from vesting awards, leaving him with 74,840 directly held shares. The shares were retained in the company’s treasury and did not involve any open-market trade.