Tontine and Jeffrey Gendell Report 9.5% Ownership in KLXE

Rhea-AI Filing Summary

KLX Energy Services Holdings, Inc. is reported to have significant ownership held by affiliated investment vehicles and an individual. The filing discloses that Tontine Capital Overseas Master Fund II, L.P. and its general partner, Tontine Asset Associates, LLC, together with Jeffrey L. Gendell, beneficially own a combined stake reported as 1,693,219 shares, representing 9.5% of the outstanding Common Stock. Of those shares, 1,465,327 shares (about 8.2%) are held directly by Tontine Capital Overseas Master Fund II and are subject to shared voting and dispositive power. The filing states these holdings are not owned for the purpose of changing or influencing control of the issuer.

Positive

• Material disclosure of a significant stake (1,693,219 shares, 9.5%) enhances market transparency
• Clear attribution of holdings to fund entities and the individual, including shared voting and dispositive power

Negative

• Concentrated ownership (9.5% held by related parties) may create influence or coordination risks for other shareholders

Insights

Financial Analyst

TL;DR: A sizeable 9.5% stake is disclosed, signaling material investor interest without stated intent to seek control.

The filing reports beneficial ownership of 1,693,219 shares, or 9.5% of KLX Energy Services Holdings, Inc., driven primarily by a fund (1,465,327 shares) and additional direct holdings attributable to the reporting individual. Voting and dispositive power are reported as shared, not sole, and the certifying language affirms the holdings were not acquired to change control. For investors, this is a clear, material disclosure of concentrated ownership that could affect shareholder dynamics, engagement likelihood, and potential block trades, while showing no expressed activist intent.

Corporate Governance Expert

TL;DR: Disclosure shows concentrated ownership and appropriate governance disclosure, with no asserted control intent.

The statement identifies affiliated entities and an individual—Tontine-related entities and Jeffrey L. Gendell—as the Reporting Persons and details shared voting and dispositive power over 1,693,219 shares (9.5%). The filing includes attribution across partnerships and general partners, explains decision-making roles, and includes the required certification that the holdings are not intended to change control. This level of transparency meets Schedule 13G/A norms and signals potential for active engagement, though no governance actions are disclosed.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

KLX Energy Services Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

48253L205

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Tontine Asset Associates, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,465,327.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,465,327.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,465,327.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.2 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The percentages used in this Schedule 13G/A are calculated based upon the 17,840,457 shares of Common Stock, $0.01 Par Value ("Common Stock"), of KLX Energy Services Holdings, Inc. (the "Company") issued and outstanding as of August 1, 2025, as set forth in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 filed with the Securities and Exchange Commission on August 7, 2025.

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Tontine Capital Overseas Master Fund II, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,465,327.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,465,327.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,465,327.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Jeffrey L. Gendell

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,693,219.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,693,219.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,693,219.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.5 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KLX Energy Services Holdings, Inc.
(b)	Address of issuer's principal executive offices: 3040 Post Oak Boulevard, 15th Floor, Houston, Texas 77056
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Tontine Capital Overseas Master Fund II, L.P. ("TCOM II"), a limited partnership organized under the laws of the State of Delaware, with respect to 1,465,327 shares of Common Stock directly owned by TCOM II; (ii) Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware ("TAA"), which serves as general partner of TCOM II, with respect to the shares of Common Stock directly owned by TCOM II; and (iii) Jeffrey L. Gendell, a United States citizen ("Mr. Gendell"), who serves as the Managing Member of TAA, with respect to the shares of Common Stock directly owned by TCOM II, and with respect to 227,892 shares of Common Stock directly owned by Tontine Financial Partners, L.P., a limited partnership organized under the laws of the State of Delaware ("TFP"). Mr. Gendell serves as the Managing Member of Tontine Management, L.L.C., a limited liability company organized under the laws of the State of Delaware ("TM"), which serves as general partner of TFP. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.
(c)	Citizenship: See Item 2(a) above.
(d)	Title of class of securities: Common Stock, $0.01 Par Value
(e)	CUSIP No.: 48253L205
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,693,219
(b)	Percent of class: 9.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: -0-
	(ii) Shared power to vote or to direct the vote: 1,693,219
	(iii) Sole power to dispose or to direct the disposition of: -0-
	(iv) Shared power to dispose or to direct the disposition of: 1,693,219 The amounts and percentage set forth above in this Item 4 reflect the beneficial ownership of Mr. Gendell. TAA and TCOM II each beneficially own, and have shared voting and dispositive power over, 1,465,327 shares of Common Stock, or approximately 8.2% of the Common Stock issued and outstanding.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock directly owned by TCOM II. Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations. TM, the general partner of TFP, has the power to direct the affairs of TFP, including directing the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock directly owned by TFP. Mr. Gendell is the Managing Member of TM and in that capacity directs its operations.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tontine Asset Associates, LLC

Signature:	/s/ Jeffrey L. Gendell
Name/Title:	Managing Member
Date:	08/14/2025

Tontine Capital Overseas Master Fund II, L.P.

Signature:	/s/ Jeffrey L. Gendell
Name/Title:	Managing Member of Tontine Asset Associates, LLC, the general partner of Tontine Capital Overseas Master Fund II, L.P.
Date:	08/14/2025

Jeffrey L. Gendell

Signature:	/s/ Jeffrey L. Gendell
Name/Title:	Jeffrey L. Gendell
Date:	08/14/2025

FAQ

How many shares of KLXE does the filing report as beneficially owned?

The filing reports 1,693,219 shares beneficially owned in total.

What percentage of KLXE's common stock is represented by the reported holdings?

The reported holdings represent 9.5% of the outstanding common stock.

How many shares are directly owned by Tontine Capital Overseas Master Fund II?

Tontine Capital Overseas Master Fund II directly owns 1,465,327 shares, or about 8.2% of the class.

Does the filing state the holders intend to change or influence control of KLX Energy Services?

No; the filing includes a certification that the securities were not acquired and are not held to change or influence control of the issuer.

Who are the reporting persons named in the Schedule 13G/A for KLXE?

The reporting persons are Tontine Capital Overseas Master Fund II, L.P., Tontine Asset Associates, LLC, and Jeffrey L. Gendell.