KLX Energy: Cross Ocean reports 1.17M shares

KLX Energy Services Holdings, Inc. reports a Schedule 13G showing reported beneficial ownership by Cross Ocean affiliates.

Accepted by SEC EDGAR 03/13/2026 - 07:50 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

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.

Insights

Corporate Governance Analyst

Cross Ocean affiliates report passive, aggregated holdings including exercisable warrants.

The filing lists 1,174,325 Shares beneficially owned by funds managed by Cross Ocean Management, which includes 305,438 Warrants exercisable at $0.01. The Schedule 13G structure signals a passive reporting posture under applicable rules rather than an active control intent.

Key dependencies include the investment management agreements that delegate authority and the cited February 27, 2026 share count. Subsequent filings could update percentages if outstanding shares or holdings change.

Securities Compliance Specialist

Disclosure aligns with joint-filing and delegated-management mechanics, with explicit warrant counts.

The Schedule 13G names Cross Ocean GSS Onshore, Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Graham C. Goldsmith and attaches a Joint Filing Agreement. It states that Cross Ocean GSS Onshore is a feeder owning 436,349 Shares including 113,493 Warrants.

Filing clarifies that the Reporting Persons "disclaim beneficial ownership" beyond amounts reported and ties percent calculations to the issuer's Form 10-K share count; cash-flow treatment is not part of this excerpt.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Schedule 13G filed for KLXE disclose about Cross Ocean's holdings?

It discloses 1,174,325 Shares beneficially owned by Cross Ocean-managed funds, including 305,438 Warrants. The filing aggregates holdings across related entities and cites the issuer's reported outstanding shares.

How many shares does Cross Ocean GSS Onshore Feeder LP report owning in KLXE?

Cross Ocean GSS Onshore reports beneficial ownership of 436,349 Shares, which includes 113,493 Warrants. This feeder holding is part of the larger aggregated 1,174,325 Share position reported.

What percentage of KLX Energy Services does Cross Ocean report owning?

The filing cites an ownership percentage of approximately 5.9% for the aggregated reporting group and 2.2% for the feeder, based on 19,529,046 Shares outstanding as of February 27, 2026 from the companys Form 10-K.

Do the Reporting Persons claim direct control over the shares reported?

No. The Schedule 13G states the Reporting Persons "disclaim beneficial ownership" beyond the amounts reported and describes delegated authority under investment management agreements rather than direct control.

Are warrants included in the reported holdings and at what terms?

Yes. The Schedule 13G includes warrants exercisable to purchase 305,438 Shares in the aggregate, with an exercise price of $0.01 as stated in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

KLX Energy Services Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 Par Value

(Title of Class of Securities)

48253L205

(CUSIP Number)

03/06/2026

(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

Cross Ocean GSS Onshore Feeder LP

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 436,349.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 436,349.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

436,349.00

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)

2.2 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Cross Ocean Partners Management LP

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 1,174,325.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,174,325.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,174,325.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Cross Ocean Partners Management GP, 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 1,174,325.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,174,325.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,174,325.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

GG Managers 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 1,174,325.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,174,325.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,174,325.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.

SCHEDULE 13G

CUSIP No. 48253L205

1

Names of Reporting Persons

Graham C. Goldsmith

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 1,174,325.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,174,325.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,174,325.00

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)

5.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.

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: Cross Ocean GSS Onshore Feeder LP ("Cross Ocean GSS Onshore") Cross Ocean Partners Management LP ("Cross Ocean Management") Cross Ocean Partners Management GP, LLC ("Cross Ocean Management GP") GG Managers LLC ("GG Managers") Graham C. Goldsmith Each of such persons is referred to herein individually as a "Reporting Person" and collectively as the "Reporting Persons." This Schedule 13G is being filed pursuant to a Joint Filing Agreement, attached hereto as Exhibit 1.
(b)	Address or principal business office or, if none, residence: The principal business address of Cross Ocean GSS Onshore, Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith is c/o Cross Ocean Partners Management LP, 60 Arch Street, 3rd Floor, Greenwich, CT 06830.
(c)	Citizenship: Cross Ocean GSS Onshore is a Delaware limited partnership. Cross Ocean Management is a Delaware limited partnership. Cross Ocean Management GP is a Delaware limited liability company. GG Managers is a Delaware limited liability company. Mr. Goldsmith is a citizen of the United States.
(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: As of the date requiring this Schedule 13G, March 6, 2026, the Reporting Persons beneficially own 1,174,325 Shares, including warrants to purchase up to 305,438 Shares at an exercise price of $0.01, which are currently exercisable at the holder's option ("Warrants") (except Cross Ocean GSS Onshore, which beneficially owns only 436,349 Shares (including 113,493 Warrants) of the aforementioned 1,174,325 Shares, as discussed below). Pursuant to investment management agreements, Cross Ocean Management has received delegated authority relating to certain managed funds that directly beneficially own, in the aggregate, 1,174,325 Shares (including 305,438 Warrants). Cross Ocean Management GP is the sole general partner of Cross Ocean Management. GG Managers is the sole member of Cross Ocean Management GP. Graham Goldsmith is the sole member of Cross Ocean GG Members. As a result, each of Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith may be deemed to indirectly beneficially own the 1,174,325 Shares (including 305,438 Warrants) directly beneficially owned by the funds managed by Cross Ocean Management. Cross Ocean GSS Onshore is a feeder fund for one of the funds managed by Cross Ocean Management directly beneficially owning 436,349 Shares (including 113,493 Warrants) of the aforementioned 1,174,325 Shares. Although Cross Ocean GSS Onshore beneficially owns less than five percent of the Issuer's outstanding Shares, it is named and included as a Reporting Person in this Schedule 13G solely for the administrative convenience of use of its Securities and Exchange Commission ("SEC") filing codes, allowing a timely filing by the other Reporting Persons. Each of the Reporting Persons disclaims beneficial ownership of the Shares that they report as owning in this Schedule 13G.
(b)	Percent of class: See the response to row 11 of the attached cover page of each Reporting Person (based on 19,529,046 Shares issued and outstanding as of February 27, 2026, as reported in the annual report on Form 10-K of the Issuer filed with the SEC on March 12, 2026).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response to row 5 of the attached cover page of each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See the response to row 6 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
	(iii) Sole power to dispose or to direct the disposition of: See the response to row 7 of the attached cover page of each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See the response to row 8 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Cross Ocean GSS Onshore Feeder LP

Signature:	/s/ Richard Ellison
Name/Title:	Richard Ellison/Director of the General Partner
Date:	03/13/2026

Cross Ocean Partners Management LP

Signature:	/s/ Matthew Rymer
Name/Title:	Matthew Rymer/Chief Operating Officer, General Counsel & Chief Compliance Officer
Date:	03/13/2026

Cross Ocean Partners Management GP, LLC

Signature:	/s/ Graham C. Goldsmith
Name/Title:	Graham C. Goldsmith/Member
Date:	03/13/2026

GG Managers LLC

Signature:	/s/ Graham C. Goldsmith
Name/Title:	Graham C. Goldsmith/Member
Date:	03/13/2026

Graham C. Goldsmith

Signature:	/s/ Graham C. Goldsmith
Name/Title:	Graham C. Goldsmith/Self
Date:	03/13/2026

Exhibit Information

Exhibit 1 - Joint Filing Agreement