KLX Energy Services Holdings, Inc. (KLXE) Bundle
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 PositioningKLX 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 |
Company targets specific performance metrics in 2024:
- Revenue target: $412.6 million
- Operating margin improvement: 7.2%
- Cost reduction strategy: 5.3% operational efficiency
Investment in technological capabilities:
Technology Area | 2024 Investment | Expected Efficiency Gain |
---|---|---|
Digital Drilling Solutions | $6.2 million | 12% productivity increase |
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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