KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q1 2021 Earnings Conference Call June 10, 2021 10:00 AM ET Company Participants Ken Dennard - IR Chris Baker - Chairman and CEO Keefer Lehner - CFO Conference Call Participants Operator Greetings, and welcome to the KLX Energy Services' Fiscal First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this ...

Market Position and Operations - As of January 31, 2021, KLX Energy Services held an 8.2% market share of the U.S. onshore drilling market[37]. - The company has successfully deployed its dissolvable hydraulic fracturing plugs in over 700 wells across all major U.S. oil and natural gas basins, utilized by more than 60 customers[42]. - KLX Energy Services operates a fleet of 39 coiled tubing units, with 24 being large diameter units, positioning the company to increase its market share as the industry recovers[41]. - The company has 127 wireline units, with 56 (44.1%) configured for pump down or plug-and-perf operations, enhancing its service capabilities[43]. - KLX Energy Services focuses on providing comprehensive services across the lifecycle of the well, including drilling, completions, production, and intervention services[33]. - The company has a diversified customer base of over 750 clients in North America, with revenues from the five largest customers accounting for approximately 27.8% of total revenues for the year ended January 31, 2021[54]. Technology and Innovation - KLX Energy Services has developed a proprietary hydraulic fracturing relief valve (FRV) to improve safety and reliability during operations, minimizing operational risks[45]. - The company’s proprietary production tool portfolio includes innovative tools like the Punch Ram Tool and Hydraulic Fracturing Protect Rod Hang Off Tool, which enhance operational efficiency and safety[48][49]. - The company focuses on developing new technologies and equipment to maximize production efficiency for customers across major North American onshore basins[63]. - The company’s engineering efforts are directed towards internal development and commercialization of new technologies through strategic partnerships[67]. - The company aims to create a "next generation" oilfield services company by implementing advanced management controls and operating metrics across all regions[29]. Regulatory and Compliance Risks - The company is subject to extensive regulations, including the Occupational Safety and Health Act, which impacts operational costs and compliance requirements[79]. - The company faces potential penalties and operational restrictions due to non-compliance with safety and environmental regulations, including the Clean Water Act and Clean Air Act[83][86]. - The Biden Administration's executive orders may lead to stricter regulations on greenhouse gas emissions and hydraulic fracturing, potentially impacting the company's operations and customer demand[88][96]. - The company is monitoring regulatory changes that could affect hydraulic fracturing activities, which are critical for its customers[94][96]. - Regulatory changes regarding fuel emissions, driver work hours, and vehicle size could affect the demand for trucking services and operational costs[82]. Financial Performance and Risks - The company’s financial performance could be materially affected by the risks associated with regulatory compliance and environmental liabilities[104]. - The company's revenues are primarily generated from customers engaged in oil and natural gas drilling, which are subject to significant volatility and cyclical demand[105]. - The ongoing effects of the COVID-19 pandemic have resulted in a significant decline in demand for oilfield services, with a need for cost reductions and adjustments in capital expenditures[112]. - The company anticipates continued volatility in oil and natural gas prices, which could materially impact financial condition and results of operations[111]. - The company has incurred operating losses and may not achieve profitability in the future due to cyclical demand and recent downturns in the oil and gas industry[149]. Operational Challenges - The company has experienced significant fluctuations in operating results due to customer reactions to changes in oil and natural gas prices[108]. - The company may face challenges in maintaining existing prices or implementing price increases due to market volatility and customer willingness to pay[121]. - Adverse weather conditions have historically impacted operations and demand, particularly during seasonal variations[147]. - The company has experienced a material slowdown due to severe weather events, such as the North American Winter Storm Uri, resulting in at least seven days of lost revenue[148]. - The company may face challenges in maintaining and upgrading equipment due to rising costs and low demand in the energy sector, which could affect competitiveness[155]. Supply Chain and Material Risks - The company relies on a small number of suppliers for key goods and services, with the top ten suppliers accounting for approximately 28.6% of total purchases during the twelve months ended January 31, 2021[177]. - Delays in the delivery of raw materials such as sand, proppant, and chemicals could adversely affect the company's ability to provide services, impacting financial condition and results of operations[178]. - The company faces potential shortages and price increases for materials without long-term supply agreements, which could negatively impact demand for services and profitability[179]. - An increase in proppant costs due to higher demand or fewer suppliers could materially affect the company's financial condition and results of operations[180]. - The company is dependent on third-party suppliers, and any disruptions could lead to increased prices and reduced revenues, harming customer relations[181]. Human Resources and Labor - As of January 31, 2021, the company employed approximately 1,270 employees, with 86% engaged in operations and quality control[101]. - The company is dependent on a skilled labor pool, and increased labor costs or shortages could impair its capacity and profitability[140]. - The company faces risks in attracting and retaining key personnel, which is critical for its operations and overall success[224]. Environmental and Climate Risks - The company faces significant risks related to climate change, which could lead to increased operating and capital costs, as well as reduced demand for its products and services[195]. - Regulatory changes regarding greenhouse gas emissions may impose stricter standards on the oil and gas sector, potentially increasing compliance costs and affecting production activities[196]. - The company may incur liabilities related to environmental conditions from acquired companies, which could impact its financial condition if indemnification provisions are not fulfilled[197]. - Environmental laws protecting wildlife may limit the company's ability to expand operations or develop new wells, potentially reducing demand for its services[205]. Financial Structure and Capital Management - The company has approximately 8.3 million shares of common stock outstanding, with additional shares reserved for employee compensation and acquisitions, which could dilute ownership[210]. - The company does not currently intend to pay dividends, and its indebtedness may limit future dividend payments[213]. - The company may need to raise additional capital or financing to fund expansion, which could increase its financial leverage[151]. - The company is subject to financial and operating restrictions under its debt agreements, which could limit its operational flexibility and ability to incur additional debt[158]. Internal Controls and Governance - The company has identified and remediated a material weakness in internal control over financial reporting, which was considered effective as of January 31, 2021[171]. - The company has taken steps to address internal control weaknesses, including hiring additional accounting personnel and enhancing review controls[170]. - Certain provisions in the company's bylaws and Delaware law may delay or prevent acquisitions, potentially impacting stock price[216].

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q4 2020 Earnings Conference Call April 15, 2021 10:00 AM ET Company Participants Ken Dennard - IR Chris Baker - Chairman and CEO Keefer Lehner - CFO Conference Call Participants Ian Macpherson - Simmons Energy John Daniel - Daniel Energy Partners Jamie Perez - R.F. Lafferty & Co Operator Greetings, and welcome to the KLX Energy Services Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answ ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q3 2020 Results Conference Call December 8, 2020 10:00 AM ET Company Participants Ken Dennard - Investor Relations Chris Baker - President and Chief Executive Officer Keefer Lehner - Executive Vice President and Chief Financial Officer Conference Call Participants Ian Macpherson - Simmons Energy Jaime Perez - RF Lafferty & Co Operator Greetings, and welcome to KLX Energy Services Third Quarter 2020 Earnings Conference Call. At this time, all participants are ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q2 2020 Earnings Conference Call September 3, 2020 10:00 AM ET Company Participants Ken Dennard - CEO and Managing Partner, Dennard Lascar Associates, LLC Christopher Baker - President and Chief Executive Officer Keefer Lehner - Executive Vice President and Chief Financial Officer Conference Call Participants John Daniel - Simmons & Company Jaime Perez - RF Lafferty & Co. Operator Greetings, and welcome to the KLX Energy Services Fiscal 2020 Second Quarter Ea ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q1 2020 Earnings Conference Call June 4, 2020 9:00 AM ET Company Participants Ryan Tyler - VP, Corporate Development, Financial Planning and Analysis Thomas P. McCaffrey - President, CEO, and CFO Conference Call Participants Unidentified Analyst - Simon Wong - Gabelli & Company Operator Ladies and gentlemen, thank you for standing by and welcome to the KLX Energy Services First Quarter 2020 Earnings Conference Call. At this time, all participant are in a list ...

《KLX 1 NEXT LEVEL READINESS > KLX Energy Services First Quarter 2020 Conference Call June 4, 2020 | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: January 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001‑38609 KLX ENERGY SERVICES HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State ...

NEXT LEVEL READINESS 1 KLX Energy Services Fourth Quarter 2019 Conference Call March 9, 2020 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements involve risks and uncertainties. The Company's actual experience and results may differ materially from the experience and results anticipated in such statements. Factors that mig ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q4 2019 Earnings Conference Call March 9, 2020 9:00 AM ET Company Participants Ryan Tyler - Vice President, Corporate Development, Financial Planning and Analysis Amin Khoury - Chairman and Chief Executive Officer Conference Call Participants John Watson - Simmons Energy Operator Ladies and gentlemen, thank you for standing by and welcome to the KLX Energy Services Fourth Quarter 2019 Earnings Conference Call. At this time, all participant lines are in a list ...