KLX Energy Services Holdings, Inc. (KLXE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the backbone of the US onshore oil and gas industry? What about **KLX Energy Services Holdings, Inc. (KLXE)**, a key player providing essential services to exploration and production companies? Keep reading to explore its history, understand its ownership structure, discover its mission, and learn how it operates and generates revenue, with a focus on its **$709 million** in revenue for the full year of **2024**.

Delving into the story of **KLX Energy Services** reveals a company deeply entrenched in the energy sector, but how did it get here, and who steers the ship? This article breaks down the company's origins, its transition to a standalone entity after being spun off from **KLX Inc.** in **2018**, and its subsequent acquisition by **B. Riley Financial, Inc.**, for approximately **$238 million** in cash on May 15, 2019.

What exactly does **KLX Energy Services** do, and how does it make money in the competitive oilfield services market? Understanding their core business segments—drilling, completion, production, and intervention services—is crucial to grasping their operational strategy and revenue streams. Join us as we dissect their service offerings, their geographic footprint across major US shale basins, and their commitment to innovation and customer satisfaction.

KLX Energy Services Holdings, Inc. (KLXE) History

KLX Energy Services Holdings, Inc. Founding Timeline

Year established

The company was established in 2018.

Original location

The original location is not explicitly mentioned in the provided context.

Founding team members

Specific founding team members are not detailed in the provided context.

Initial capital/funding

Details regarding the initial capital or funding are not available in the provided context.

KLX Energy Services Holdings, Inc. Evolution Milestones

KLX Energy Services Holdings, Inc. Transformative Moments

• Spin-Off from KLX Inc.: The separation from KLX Inc. in 2018 was a pivotal moment, allowing the company to concentrate specifically on the energy services sector. This strategic move enabled a more focused approach to the unique demands and opportunities within the oil and gas industry.
• Acquisition of Motley Services, LLC: In 2019, the acquisition of Motley Services significantly boosted KLXE's service offerings in the wireline sector and expanded its operational reach into the Northeast. This expansion was crucial for diversifying its service portfolio and geographic presence.
• Executive Leadership Change in 2020: The appointment of Tom McCaffrey as President and CEO in May 2020 signaled a strategic redirection. This leadership change was aimed at steering the company through challenging market conditions and setting a new course for growth and efficiency.
• Focus on Technology and Efficiency: KLXE's ongoing commitment to technological advancements and operational efficiency has been critical for maintaining competitiveness. These efforts have allowed the company to adapt to fluctuating market demands and improve profitability.

To gain further insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of KLX Energy Services Holdings, Inc. (KLXE).

KLX Energy Services Holdings, Inc. (KLXE) Ownership Structure

KLX Energy Services Holdings, Inc. features a mix of institutional, retail, and insider ownership, shaping its corporate governance and strategic direction.

KLX Energy Services Holdings, Inc.'s Current Status

KLX Energy Services Holdings, Inc. is a publicly traded company, meaning its shares are available for purchase on the open market.

KLX Energy Services Holdings, Inc.'s Ownership Breakdown

Understanding the ownership structure of KLX Energy Services Holdings, Inc. provides insights into who has the most influence over the company's decisions. Here's a breakdown:

For more in-depth analysis, check out: Exploring KLX Energy Services Holdings, Inc. (KLXE) Investor Profile: Who’s Buying and Why?

KLX Energy Services Holdings, Inc.'s Leadership

The leadership team is responsible for the day-to-day operations and strategic direction of the company. Key members and aspects of the leadership include:

• Thomas P. Giacomini serves as the Chief Executive Officer and President.
• Michael L. Greiner holds the position of Executive Vice President and Chief Financial Officer.
• The leadership team also includes individuals in key roles such as:
  • Executive Vice President - Chief Commercial Officer
  • Senior Vice President - Operations
  • Vice President - Controller

These leaders are instrumental in guiding KLX Energy Services Holdings, Inc.'s strategy and execution in the energy sector.

KLX Energy Services Holdings, Inc. (KLXE) Mission and Values

KLX Energy Services Holdings, Inc. aims to deliver innovative solutions and exceptional service to the energy industry while upholding strong values.

KLX Energy Services Holdings, Inc. Core Purpose

Official mission statement

KLX Energy Services Holdings, Inc. does not have a formal, publicly declared mission statement. However, analysis of their actions and stated goals reveals their mission:

• To provide a comprehensive suite of services to the oil and gas industry, focusing on well construction, intervention, and production activities.
• To deliver reliable, safe, and efficient solutions that optimize customer operations and reduce costs.
• To foster a culture of innovation, continuous improvement, and collaboration, driving value for stakeholders.

Vision statement

KLX Energy Services Holdings, Inc. does not have an explicitly published vision statement. Based on their strategic initiatives, a synthesized vision includes:

• To be the leading provider of integrated energy services, recognized for operational excellence, technological innovation, and customer satisfaction.
• To expand market presence and service offerings, adapting to evolving industry needs and embracing sustainable practices.
• To create long-term value for shareholders, employees, and communities through responsible and ethical business conduct.

Company slogan/tagline

KLX Energy Services Holdings, Inc. does not have a widely publicized official slogan or tagline. However, reflecting their service-oriented approach, potential taglines could include:

• 'Powering Energy, Delivering Solutions.'
• 'Your Partner in Energy Services.'
• 'Excellence in Energy, Every Service.'

To delve deeper into the company's mission, vision, and core values, explore: Mission Statement, Vision, & Core Values of KLX Energy Services Holdings, Inc. (KLXE).

KLX Energy Services Holdings, Inc. (KLXE) How It Works

KLX Energy Services Holdings, Inc. provides a range of technical services and equipment to the oil and gas industry, supporting exploration, production, and infrastructure development.

KLX Energy Services' Product/Service Portfolio

KLX Energy Services' Operational Framework

KLX Energy Services operates through a network of strategically located facilities that enable efficient service delivery to major oil and gas basins. Their operational framework includes:

• Integrated Service Delivery: Offering bundled services to streamline operations and reduce costs for clients.
• Technology and Innovation: Investing in advanced technologies to improve service efficiency and effectiveness.
• Safety and Compliance: Maintaining high safety standards and regulatory compliance across all operations.

KLX Energy Services' Strategic Advantages

KLX Energy Services has several strategic advantages that contribute to its market position:

• Comprehensive Service Portfolio: A broad range of services allows KLX to meet diverse client needs and capture a larger share of the market.
• Strong Customer Relationships: Building long-term relationships with key clients through reliable service and customized solutions.
• Experienced Workforce: A skilled team of engineers, technicians, and field personnel ensures high-quality service delivery.
• Strategic Asset Base: Well-maintained equipment and strategically located facilities enable rapid response and efficient operations.

To gain more insights into the company's financial standing, consider reading Breaking Down KLX Energy Services Holdings, Inc. (KLXE) Financial Health: Key Insights for Investors.

KLX Energy Services Holdings, Inc. (KLXE) How It Makes Money

KLX Energy Services Holdings, Inc. generates revenue by providing a range of technical services and equipment to the oil and gas industry, supporting exploration, completion, production, and intervention activities.

KLX Energy Services Holdings, Inc. Revenue Breakdown

As the latest complete fiscal year data is from 2024, the revenue breakdown will reflect the information from that period.

KLX Energy Services Holdings, Inc. Business Economics

KLX Energy Services operates within the cyclical oil and gas industry, where demand and pricing are significantly influenced by commodity prices and drilling activity. Key aspects of their business economics include:

• Pricing Strategies: Pricing is often project-based, reflecting the complexity and scope of services required. Rates can be influenced by competitive pressures, geographic location, and the urgency of the services.
• Cost Structure: A significant portion of costs are related to equipment maintenance, personnel, and logistics. Efficiency in these areas directly impacts profitability.
• Economic Fundamentals: The company's performance is closely tied to the rig count and the capital expenditure budgets of oil and gas companies. Higher oil prices typically lead to increased drilling activity and, consequently, greater demand for KLX Energy Services' offerings.

KLX Energy Services Holdings, Inc. Financial Performance

Analyzing KLX Energy Services' financial performance involves looking at key metrics that demonstrate the company's efficiency and profitability:

• Revenue Trends: Monitoring quarterly and annual revenue helps to understand the impact of market conditions and strategic initiatives.
• Gross Margins: These indicate the efficiency of service delivery and the ability to manage costs. Gross margins in the energy services sector can vary widely based on the type of service and market conditions.
• Operating Income: Reflects the profitability of core business operations, excluding interest and taxes.
• Net Income: The bottom line, showing overall profitability after all expenses are accounted for.
• Cash Flow: Analyzing cash flow from operations, investing, and financing activities provides insights into the company's financial health and ability to fund growth or manage debt.

To gain more insight into the investors and stakeholders involved with KLX Energy Services Holdings, Inc., consider exploring: Exploring KLX Energy Services Holdings, Inc. (KLXE) Investor Profile: Who’s Buying and Why?

KLX Energy Services Holdings, Inc. (KLXE) Market Position & Future Outlook

As of April 2025, KLX Energy Services Holdings, Inc. (KLXE) navigates a dynamic market environment, striving to solidify its position and capitalize on emerging opportunities within the energy sector. The company's future outlook hinges on its ability to adapt to evolving industry demands and leverage its strengths effectively.

Competitive Landscape

Opportunities & Challenges

Industry Position

KLX Energy Services operates as a key player in the oilfield services sector, providing a range of services focused on well intervention and production enhancement. Here's a snapshot of their industry standing:

• The company focuses on providing services in the most active basins within the United States.
• KLXE differentiates itself through specialized service offerings and a strong focus on customer relationships.
• KLX Energy Services continually seeks to optimize its operations and invest in innovative technologies to maintain a competitive edge.

To gain a deeper understanding of the company's financial health, explore this analysis: Breaking Down KLX Energy Services Holdings, Inc. (KLXE) Financial Health: Key Insights for Investors