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. 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.
KLX Energy Services Holdings, Inc. received an amended Schedule 13G showing that CastleKnight Master Fund LP, related CastleKnight and Weitman entities, and Aaron Weitman collectively report beneficial ownership of 998,601 shares of common stock, or 5.6% of the class.
The filing states these parties share voting and dispositive power over all 998,601 shares and hold no sole voting or dispositive power. They also certify the shares were not acquired for the purpose of changing or influencing control of KLX Energy, indicating a passive investment stance.
KLX Energy Services Holdings, Inc. Executive Vice President, General Counsel and Chief Compliance Officer Max L. Bouthillette reported equity-related transactions in company stock. On February 9, 2026, 10,148 Restricted Stock Units vested, each representing the economic equivalent of one share of common stock and settled in cash. On the same date, he acquired 10,148 shares of common stock at an exercise price of $0. On February 10, 2026, he disposed of 10,148 shares of common stock at a price of $2.58 per share, leaving him with 181,020 shares of common stock directly owned and 133,070 Restricted Stock Units directly held after these transactions.
KLX Energy Services Holdings insider Christopher J. Baker, the company’s President, Chief Executive Officer and Director, reported equity compensation activity and a share sale on February 9, 2026.
Baker exercised 28,191 Restricted Stock Units, which each represent the economic equivalent of one share of common stock and were settled in cash, following their vesting on February 9, 2026. On the same date, he reported a disposition of 28,191 shares of common stock at a price of $2.58 per share, leaving him with 454,726 shares of common stock held directly. After these transactions, he also reported holding 355,965 Restricted Stock Units directly.
KLX Energy Services director Danielle E. Hunter received a stock-based compensation grant. On January 29, 2026, she was awarded 14,481 shares of KLX Energy common stock at a grant price of $0 as restricted stock that will vest on February 1, 2027. After this award, she beneficially owns 25,797 shares directly.
KLX Energy Services Holdings director Corbin J. Robertson Jr. reported an award of company common stock. On January 29, 2026, he acquired 14,481 shares of common stock at $0 per share, reflecting a grant rather than an open‑market purchase.
The shares are described as a grant of restricted stock vesting on February 1, 2027, meaning they are subject to vesting conditions until that date. Following this grant, Robertson beneficially owns 58,006 shares of KLX Energy Services common stock in direct form.
KLX Energy Services Holdings executive Max Bouthillette received new equity awards and had shares withheld for taxes. On January 29, 2026, he was granted 56,584 shares of restricted stock that vest in three equal annual installments beginning February 1, 2027.
He also received 133,070 restricted stock units, each equal to one share of common stock, vesting in five equal annual installments on February 1. On February 1, 2026, the company withheld 18,429 shares of common stock at $2.78 per share to cover tax liabilities, with no third-party trade, leaving him with 181,020 directly owned common shares.
KLX Energy Services President, Chief Executive Officer and Director Christopher J. Baker received equity compensation and had shares withheld for taxes. He was granted 144,033 shares of common stock at a price of $0, vesting in three equal annual installments beginning on February 1, 2027.
He also received 355,965 restricted stock units (RSUs), each representing the economic equivalent of one share of common stock, vesting in five equal annual installments on February 1. To cover tax liabilities from vesting of prior awards, the company withheld 39,655 shares of common stock at $2.78 per share, leaving Baker with 454,726 shares of common stock held directly and 384,156 RSUs beneficially owned.