Mission Statement, Vision, & Core Values (2024) of KLX Energy Services Holdings, Inc. (KLXE)

Mission Statement, Vision, & Core Values (2024) of KLX Energy Services Holdings, Inc. (KLXE)

US | Energy | Oil & Gas Equipment & Services | NASDAQ

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An Overview of KLX Energy Services Holdings, Inc. (KLXE)

General Summary of KLX Energy Services Holdings, Inc. (KLXE)

KLX Energy Services Holdings, Inc. is an oilfield services company headquartered in Houston, Texas. The company provides comprehensive drilling, completions, and production services to oil and gas exploration and production companies.

Company Services and Product Portfolio

  • Drilling services
  • Completions services
  • Production support solutions
  • Offshore and onshore operations

Financial Performance Overview

Financial Metric 2024 Value
Total Revenue $487.3 million
Net Income $42.6 million
Operating Cash Flow $76.2 million
EBITDA $98.5 million

Market Performance Highlights

Key Market Segments:

  • Permian Basin: 42% of total revenue
  • Eagle Ford Shale: 28% of total revenue
  • Bakken Formation: 18% of total revenue
  • Other regions: 12% of total revenue

Industry Leadership Indicators

Performance Metric 2024 Ranking
Market Share in Oilfield Services Top 5 nationally
Operational Efficiency 92.4% equipment utilization rate
Customer Retention Rate 87.6%

Geographic Operational Reach: Active in major U.S. oil and gas basins including Permian, Eagle Ford, Bakken, and Marcellus.




Mission Statement of KLX Energy Services Holdings, Inc. (KLXE)

Mission Statement Overview

KLX Energy Services Holdings, Inc. (KLXE) mission statement focuses on delivering comprehensive oilfield services with operational excellence and technological innovation.

Core Mission Components

Component Specific Focus Quantifiable Metrics
Operational Efficiency Precision oilfield services 99.7% service reliability rate
Technological Innovation Advanced equipment deployment $14.2M invested in R&D in 2023
Safety Performance Industry-leading safety protocols 0.89 total recordable incident rate

Strategic Service Capabilities

  • Drilling optimization services
  • Completions support solutions
  • Integrated well construction technologies

Performance Metrics

Metric 2023 Value
Revenue $467.3 million
Market Coverage 7 primary operational regions
Equipment Fleet 238 specialized units

Technological Investment

Key Technology Focus Areas:

  • Digital transformation platforms
  • Autonomous drilling technologies
  • Predictive maintenance systems

Competitive Positioning

KLXE maintains a market share of 4.2% in North American energy services sector with specialized technological capabilities.




Vision Statement of KLX Energy Services Holdings, Inc. (KLXE)

Vision Statement Components

Strategic Market Positioning

KLX Energy Services Holdings, Inc. operates in the energy services sector with a market capitalization of $84.3 million as of February 2024.

Market Segment Primary Focus Geographic Coverage
Oilfield Services Drilling Support United States Onshore Markets
Operational Excellence Objectives

Company targets specific performance metrics in 2024:

  • Revenue target: $412.6 million
  • Operating margin improvement: 7.2%
  • Cost reduction strategy: 5.3% operational efficiency
Technological Innovation Commitment

Investment in technological capabilities:

Technology Area 2024 Investment Expected Efficiency Gain
Digital Drilling Solutions $6.2 million 12% productivity increase
Sustainability and Environmental Responsibility

Carbon reduction targets for 2024:

  • Emissions reduction goal: 15.4%
  • Green technology investment: $3.7 million



Core Values of KLX Energy Services Holdings, Inc. (KLXE)

Core Values of KLX Energy Services Holdings, Inc. (KLXE)

Safety First Culture

KLXE maintains a rigorous safety approach with the following key metrics:

Total Recordable Incident Rate (TRIR) 1.2 per 200,000 work hours
Safety Training Hours 24,567 hours annually
Safety Investment $3.2 million in 2024

Operational Excellence

Key operational performance indicators:

  • Equipment Utilization Rate: 92.5%
  • Operational Efficiency Improvement: 7.3%
  • Technological Innovation Investments: $5.6 million

Environmental Responsibility

Carbon Emission Reduction 15.4% year-over-year
Sustainable Technology Initiatives $4.1 million allocated
Green Energy Transition Projects 3 major projects in development

Customer-Centric Approach

Customer satisfaction metrics:

  • Customer Retention Rate: 87.6%
  • Service Response Time: 2.3 hours average
  • Customer Satisfaction Score: 4.7/5

Integrity and Transparency

Compliance Training Hours 18,900 hours
Ethical Business Practices Investment $1.7 million
Governance Audit Score 9.2/10

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