KLX Energy Services Holdings, Inc. KLXE

What this company does

It delivers oilfield services to primarily independent major oil and gas companies focused on drilling, completion, production and intervention activities for technically demanding wells, from over 60 service facilities located in the United States. Its primary services include directional drilling, coiled tubing, thru tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs and accommodation units. As of December 31, 2025, it had approximately 1,548 employees. Revenues from its five largest customers collectively represented approximately 31% of its revenues for the year ended December 31, 2025, and no single customer accounted for more than 10% of its revenues during the year. It operates in three segments on a geographic basis: the Southwest Region, comprising the Permian Basin and the Eagle Ford; the Rocky Mountains Region, comprising the Bakken, Williston, DJ, Uinta, Powder River, Piceance and Niobrara basins; and the Northeast/Mid-Con Region, comprising the Marcellus and Utica as well as the Mid-Continent STACK and SCOOP and Haynesville. It was initially formed from the combination and integration of seven private oilfield service companies acquired during 2013 and 2014. It became incorporated in Delaware on June 28, 2018, and on September 14, 2018 completed its spin-off from KLX Inc. to become an independent, publicly traded company.

Written from the business description in KLX Energy Services Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.