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) director Corbin J. Robertson Jr., through a family trust, exercised basic subscription rights on September 16, 2026 to acquire 38,694 shares of common stock at $1.49 per share in connection with the company’s August 21, 2026 equity rights offering. Following this transaction, the family trust held 48,654 shares indirectly, and Robertson also held 283,359 shares directly. No Rule 10b5-1 trading plan is reported.
KLX Energy Services Holdings, Inc. (KLXE) reported that Executive Vice President, General Counsel and Chief Compliance Officer Max Bouthillette exercised basic subscription rights relating to the company’s August 21, 2026 equity rights offering. On September 15, 2026 he exercised 11,500 basic subscription rights at a conversion price of $1.49 per right into 44,677 shares of common stock, increasing his directly held common stock to 225,697 shares and leaving 169,520 basic subscription rights reported as held directly. No Rule 10b5-1 trading plan is indicated.
KLX Energy Services Holdings, Inc. director Corbin J. Robertson Jr. exercised Basic Subscription Rights into common stock on September 14, 2026. He exercised rights covering 225,353 shares of common stock at the $1.49 subscription price offered in the company’s August 21, 2026 equity rights offering.
Following these transactions, he holds 283,359 shares of KLX Energy Services Holdings, Inc. common stock directly, and no Basic Subscription Rights remain reported after the exercise. No Rule 10b5-1 trading plan is reported for these transactions.
KLX Energy Services Holdings, Inc. insider Geoffrey C. Stanford, Senior Vice President, Interim Chief Financial Officer and Chief Accounting Officer, reported multiple equity transactions. On September 9, 2026, he exercised 6,800 basic subscription rights at a subscription price of $1.49 per share in the company’s August 21, 2026 equity rights offering, acquiring 26,418 shares of common stock. After this exercise, he held 81,040 basic subscription rights. Earlier, on March 6, 2026, he received a grant of 13,000 shares of restricted stock that vest in three equal annual installments beginning March 1, 2027. No Rule 10b5-1 trading plan is reported.
KLX Energy Services Holdings, Inc. (KLXE) has a new Schedule 13D filing from Steel Partners–affiliated entities, which report beneficial ownership of 1,907,172 shares of common stock, or 8.9% of the 21,428,722 shares outstanding as of August 21, 2026.
The shares, held directly by SP Strategic Holdings LLC and indirectly by related Steel Partners entities, were acquired for an aggregate purchase price of approximately $2.92 million. In connection with KLXE’s transferable rights offering, SP Strategic Holdings holds 1,852,239 rights, allowing purchases at a $1.49 subscription price per share, and the reporting group indicates it views the investment as an attractive, undervalued opportunity and may increase or decrease its position or engage with KLXE’s management and board.
KLX Energy Services Holdings, Inc. (ticker KLXE) has commenced a transferable rights offering to subscribe for up to 83,876,809 shares of common stock pursuant to its effective Form S-3 shelf registration. Each holder of record of common stock or participating warrants as of 5:00 p.m. New York City time on August 21, 2026 receives one subscription right per share (or share underlying a participating warrant), and each right permits the purchase of 3.885 shares at a subscription price of $1.49 per share. The rights, trading on Nasdaq as KLXER, are transferable and are expected to trade from August 24, 2026 until market close on the Expiration Date. The offering is scheduled to expire at 5:00 p.m. New York City time on September 23, 2026, unless extended. Eligible holders who fully exercise their basic rights may request additional shares through an over-subscription privilege, subject to proration and a 9.995% beneficial ownership cap (8,505,443 shares per holder on a pro forma basis). KLX intends to use up to $31.0 million of gross proceeds for offering fees and general corporate purposes, and any proceeds above that amount to repurchase its 2030 Notes at par plus accrued and unpaid interest.
KLX Energy Services Holdings, Inc. (KLXE) is conducting a backstopped rights offering, distributing 21,589,912 transferable subscription rights to purchase up to 83,876,809 shares of common stock at $1.49 per share, for an aggregate offering value of about $125.0 million. Each Eligible Holder as of August 21, 2026 receives one right for each share of common stock (or share underlying specified warrants), and each right allows the holder to buy 3.885 shares, subject to rounding down and a 9.995% ownership cap for non‑backstop investors.
The offering is backstopped by holders of KLXE’s 2030 Notes, who have committed up to $94.0 million via an exchange of notes for equity, subject to a 30% fully diluted ownership cap. KLXE plans to use up to $31.0 million of cash proceeds for fees and general corporate purposes and any additional cash proceeds to redeem 2030 Notes at par plus accrued interest, so total 2030 Notes principal is expected to decline by $94.0 million through a combination of note redemptions and the backstop exchange. Shares outstanding were 21,428,722 on the record date, and are expected to increase to between 85.1 million and 105.9 million after the transaction.
KLX Energy Services Holdings, Inc. (KLXE) reports unaudited pro forma condensed combined financial information reflecting its June 2, 2026 acquisition of certain assets of Wolf Pack Rentals, LLC for total preliminary consideration of $16.9 million. The price includes $14.1 million paid at closing, two deferred payments of $1.5 million each (net present value $2.7 million) payable in cash or common stock at KLX’s discretion, and an estimated $0.1 million post‑closing adjustment.
On a pro forma basis for the six months ended June 30, 2026, combined revenues are $329.0 million and the net loss is $40.7 million, compared with KLX standalone net loss of $32.4 million. The pro forma operating loss is $15.8 million. The purchase price allocation indicates identifiable assets exceeding consideration, generating a preliminary $6.5 million bargain purchase gain under ASC 805; this gain is eliminated in the pro forma statement because it would have been recorded in a prior period under the pro forma timing assumption.
The pro forma statement incorporates transaction accounting adjustments, including revised depreciation and amortization based on fair values, lease expense remeasurement, elimination of Wolf Pack’s historical interest and recognition of incremental interest on KLX borrowings, and related tax effects at a 26% blended statutory rate. KLX expects to finalize the purchase price allocation analysis by the second quarter of 2027. Weighted average basic and diluted shares in the pro forma presentation are 20.0 million, with potential shares from deferred consideration excluded as anti‑dilutive.
KLX Energy Services Holdings, Inc. has a group of affiliated investment entities led by CastleKnight Master Fund LP reporting beneficial ownership of 691,727 shares of its common stock. This stake represents 3.5% of the outstanding common stock as of the reporting date.
The shares are held with no sole voting or dispositive power by any reporting person; instead, each reports shared power over all 691,727 shares for both voting and disposition. The filing is a Schedule 13G/A (Amendment No. 2), indicating continued passive ownership below 5% by CastleKnight entities and Aaron Weitman, each of whom disclaims beneficial ownership beyond pecuniary interest.
KLX Energy Services Holdings, Inc. filed an amendment to provide detailed financials for its June 2, 2026 acquisition of certain assets of Wolf Pack Rentals, LLC. Total consideration for the Wolf Pack Acquisition is $16.9 million, including $14.1 million cash at closing, $2.7 million of deferred consideration and a $0.1 million estimated post-closing adjustment.
The amendment furnishes Wolfpack Energy Services, LLC’s audited 2025 results, showing $38.2 million in revenue and a net loss of $1.75 million, with total assets of $24.5 million and liabilities of $13.6 million. Unaudited Q1 2026 results show revenue of $10.2 million and a net loss of $0.9 million.
Unaudited pro forma combined financials for KLX and Wolf Pack indicate 2025 revenue of $674.8 million and a combined net loss of $73.5 million, including a preliminary $6.3 million bargain purchase gain from acquiring net assets above the consideration paid.