KLX Energy Services Holdings Inc
klx.comWhat Do They Do?
Provides completion services and related tools to onshore oil and gas exploration and production companies, alongside other oilfield services across a well's lifecycle.
10-K for FY2025, filed Mar 12, 2026Completion: Our completions activities are focused on services that help our customers complete and stimulate extended reach horizontal…View ↗
We deliver mission critical oilfield services to primarily independent major oil and gas companies focused on drilling, completion…View ↗
The principal high value-added services and related tools and equipment we offer to support our customers throughout the lifecycle of the…View ↗
How Do They Make Money?
Oil and gas companies pay KLXE for well services and related rentals and products; service revenue is earned over the course of the work.
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10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by product or service ↗
$636.6M
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10-K for FY2025, filed Mar 12, 2026
$636.6M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Drilling
|
17%
FY2022: 28%
|
Drilling, FY2025
$110.9M Sources
|
|
Completion
|
56%
FY2022: 50%
|
Completion, FY2025
$356.5M Sources
|
|
Production
|
17%
FY2022: 12%
|
Production, FY2025
$107.3M Sources
|
|
Intervention
|
9.7%
FY2022: 9.7%
|
Intervention, FY2025
$61.9M Sources
|
Who Are Their Customers?
Customers are mainly major, large independent and regional oil and natural gas companies. Company sales representatives and business-development staff work with them on product-line and local opportunities.
10-K for FY2025, filed Mar 12, 2026
Do Revenues Turn Into Profits?
No. It lost $77.1M in FY2025.
10-K for FY2025, filed Mar 12, 2026
−$30.3MView ↗
10-K for FY2025, filed Mar 12, 2026
−$77.1MView ↗
10-K for FY2025, filed Mar 12, 2026
−$41.6MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 11, 2026
−$8.4MView ↗
- ▼ −58% (Loss)
- vs −$19.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
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Aug 10, 2026
Forecasts third-quarter revenue of $176 million to $188 million
Sources
8-K, filed Aug 10, 2026
“Looking ahead to the third quarter, we expect revenue in the range of $176 to $188 million, with a midpoint of $182 million, which is $15…View ↗
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Jun 2, 2026
KLXE completed an acquisition of Wolf Pack Rentals assets
The $17.0 million purchase included $14.0 million in cash at closing and two deferred payments of $1.5 million.
Sources
8-K, filed Jun 2, 2026
On June 2, 2026 (the “Closing Date”), KLX Energy Services Holdings, Inc., a Delaware corporation (the “Company”), completed the acquisition…View ↗
Growing. Revenue grew 2.3x in 4 years, from $276.8M in FY2020 to $636.6M in FY2025, about 23% a year.
Who Do They Compete With?
Competes with Schlumberger, Halliburton, Baker Hughes, Patterson-UTI Energy, Liberty Oilfield Services, RPC, ProPetro Holding, Phoenix Technology Services, STEP Energy Services, Ranger Energy Services, Nine Energy Services, and Scientific Drilling International
10-K for FY2025, filed Mar 12, 2026Our major competitors include Schlumberger, Halliburton, Baker Hughes, Patterson-UTI Energy, Liberty Oilfield Services, RPC, ProPetro…View ↗
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