KLX Energy Services Holdings, Inc.

KLX Energy Services Holdings, Inc. provides diversified oilfield services to onshore oil and natural gas producers across the major U.S. basins. The company combines drilling, completion, production and intervention capabilities with in-house engineering, R&D and asset support to serve the full well lifecycle.

10,2 %

21,2 %

−12,1 %

−10,2 %

1.19

0.94

— KLX Energy Services Holdings, Inc.
%
Drilling services20% Services and equipment used to support well drilling and related field operations.
Completion services25% Well completion work for unconventional and conventional wells, including specialized field support.
Production and intervention services20% Ongoing well maintenance, intervention and production support after wells are brought online.
Coiled tubing20% Specialized tubular services used for well intervention, cleanouts and downhole operations.
Wireline and fishing15% Wireline diagnostics and fishing tools/services used to retrieve equipment and support well operations.

KLXE sells mainly to large independent and major oil and gas E&P companies operating onshore in the United States...

  • Large independent E&P companiesprimary

    Buy drilling, completion and intervention services for active onshore wells and multi-basin programs.

  • Major oil and gas companiesprimary

    Use KLXE for specialized field services and basin coverage where local execution matters.

  • Drilling and completion contractorssecondary

    Partner with or subcontract KLXE for specific service lines such as coiled tubing, wireline and fishing.

  • Production and intervention operatorssecondary

    Purchase ongoing well maintenance and intervention services to sustain production and address downhole issues.

KLXE operates almost entirely in the United States and serves customers from more than 60 service facilities across the...

  • •United States is the core market and revenue base
  • •Southwest region includes Permian, Eagle Ford and Gulf Coast
  • •Rocky Mountains region covers Bakken, Williston and Uinta areas
  • •Northeast/Mid-Con includes Marcellus, Utica and Haynesville basins
  • •Over 60 service facilities support rapid deployment and basin coverage

KLXE is focused on broadening its service portfolio, maintaining a technical edge through R&D and using a basin-based...

01
Broaden the service mix across the well lifecyclemedium-term

A wider offering increases wallet share with existing customers and reduces dependence on any one service line.

02
Invest in R&D and engineered solutionsmedium-term

Technical differentiation helps defend pricing and improve execution in complex unconventional wells.

03
Maintain capital discipline and liquidityshort-term

The business is cyclical, so preserving balance sheet flexibility is important through downturns.

04
Pursue selective acquisitionsmedium-term

Acquisitions can add regional scale, service capabilities and operating efficiencies.

KLXE is highly exposed to U.S. oil and gas capital spending, so activity slowdowns can quickly reduce demand and...

high

Dependence on domestic oil and gas capital spending

Lower E&P spending reduces drilling, completion and intervention activity, directly cutting demand for KLXE's services.

Scope
U.S. onshore oil and gas markets
Materiality
high
high

Competitive pricing pressure

Projects are often bid-based and the company competes with large integrated and private oilfield service providers.

Scope
All service lines
Materiality
high
high

Cybersecurity and data privacy incidents

IT systems support operations, financial processing and customer interfaces; breaches could disrupt service and create liabilities.

Scope
Corporate systems and vendor networks
Materiality
high
high

Operational and safety incidents

Field services require skilled crews and equipment in hazardous environments, so failures can cause downtime and claims.

Scope
Drilling, completion and intervention operations
Materiality
high
Accrued revenue
Can move quarterly revenue and working capital
Goodwill and intangible assets
Potential non-cash charges in downturns
Depreciation and asset utilization
Affects operating income and margins
Asset sales and capital expenditures
Can affect cash flow and reported gains/losses

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: 28/04/2026