KLX Energy Services Holdings, Inc. Reports Fiscal Third Quarter 2020 Results HOUSTON, Dec. 07, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) today reported financial results for its fiscal third quarter ended October 31, 2020. On July 28, 2020, KLXE completed its previously announced merger with Quintana Energy Services, Inc. (“QES”) (the “Merger”) and the results for the three months ended October 31, 2020 include an entire quarter of combined results for both legacy KLXE and legacy QES. Fiscal Third Quarter 2020 Highlights Revenue...
KLX Energy Services Announces Fiscal 2020 Third Quarter Earnings Release and Conference Call Schedule HOUSTON, Nov. 25, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLXE” or the “Company”) (NASDAQ: KLXE) announced today that it will release its fiscal third quarter 2020 financial results on Monday, December 7, 2020 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Tuesday, December 8, 2020 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). What: KLX Energy Serv...
KLX Energy to Participate in the Barclays CEO Energy-Power Virtual Conference HOUSTON, Sept. 08, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) announced that Chris Baker, President and Chief Executive Officer, and Keefer Lehner, EVP and Chief Financial Officer will participate in the Barclays CEO Energy-Power Virtual Conference. KLX Energy Services is a provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of...
KLX Energy Services Holdings, Inc. Reports Fiscal 2020 Second Quarter Results HOUSTON, Sept. 02, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) today reported financial results for its fiscal second quarter ended July 31, 2020. On July 28, 2020, KLXE completed its previously announced merger with Quintana Energy Services Inc. (“QES”) and effected a one-for-five reverse stock split concurrently with closing the transaction. Given that the merger was completed at the end of the KLXE fiscal quarter ended July 31, 2020, results for KLXE la...
KLX Energy Services Announces Fiscal 2020 Second Quarter Earnings Release and Conference Call Schedule HOUSTON, Aug. 18, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLXE” or the “Company”) (NASDAQ: KLXE) announced today that it will release its fiscal second quarter 2020 financial results on Wednesday, September 2, 2020 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Thursday, September 3, 2020 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). What: KLX En...
KLX Energy Services and Quintana Energy Services Complete Merger Creates industry-leading, asset-light product and service offerings present in all major U.S. onshore oil and gas basins to serve its blue-chip customersAdds one of the largest independent providers of directional drilling services and establishes one of the largest U.S. wireline fleetsEstimated annualized cost synergies of at least $40 million by the second quarter of 2021Expected to be accretive to free cash flow per share Positions the combined company to pursue additional value-creating consolidation opportunities within t...
KLX Energy Services Announces Effectiveness of 1-for-5 Reverse Stock Split and Related Adjustment to Exchange Ratio for Merger WELLINGTON, Fla., July 27, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ:KLXE), a leading U.S. onshore provider of mission critical oilfield services, today announced that it will effect a 1-for-5 reverse stock split of its common stock that will be effective as of 7:30 a.m. Eastern Time tomorrow, July 28, 2020. KLXE’s common stock will begin trading on the Nasdaq Global Select Market on a split-adjust...
KLX Energy Services Stockholders Approve Stock Issuance in Connection with the Proposed Merger with Quintana Energy Services WELLINGTON, Fla., July 24, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLXE” or the “Company”) (NASDAQ:KLXE), a leading U.S. onshore provider of mission critical oilfield services, announced that KLXE’s stockholders have approved the issuance of KLXE’s common stock (the “Stock Issuance Proposal”) in connection with the proposed merger of an indirect wholly owned subsidiary of KLXE with and into Quintana Energy Services Inc. (“QES”) (NYSE:QES) pursu...
KLX Energy Services Reports Financial Results for First Quarter Ended April 30, 2020; Comments on Pending Merger With Quintana Energy Services, Inc. And Ongoing Cost Reduction Initiatives WELLINGTON, Fla., June 04, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ:KLXE), a leading U.S. onshore provider of mission critical oilfield services, today reported its first fiscal quarter ended April 30, 2020 financial results, commented on ongoing cost reduction initiatives and provided an update on the pending all-stock merger with Quint...
KLX Energy Services Schedules First Quarter Earnings Release and Conference Call WELLINGTON, Fla., May 26, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ:KLXE) will issue its financial results for the first quarter ended April 30, 2020 prior to the opening of the NASDAQ Stock Market on Thursday, June 4, 2020 and will hold a conference call to discuss the results at 9:00 a.m. Eastern Daylight Time on Thursday, June 4, 2020. A live audio broadcast of the conference call, along with a supplemental presentation, will be available on the investor re...
KLX Energy Services and Quintana Energy Services to Combine in an All-Stock Merger, Establishing an Industry-Leading Provider of Asset-Light Oilfield Solutions Across the Full Well Lifecycle Including Drilling, Completion and Production Related Products and Services Transaction Highlights Highly complementary product and service offerings across all major US oil and gas basins provide for increased scale to serve a blue-chip customer baseAccretive to free cash flow per share within 12 months of closingSignificant annualized cost synergies of at least $40 million, achievable within twelve m...
KLX Energy Services Announcement WELLINGTON, Fla., April 20, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE) Amin J. Khoury, Chairman of the Board of Directors and Chief Executive Officer, announced today that he will be resigning for personal family health reasons on May 1, 2020. Mr. Khoury will continue to be a member of the Board of Directors and serve as a consultant to the Company following his resignation. Also effective on May 1, 2020, Tom McCaffrey, currently Senior Vice President and Chief Financial Office...
KLX Energy Services Announces Additional Cost Reduction Measures in Response to Current Depressed Market Conditions WELLINGTON, Fla., April 08, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE) announced today several additional cost reduction measures being taken in response to rapidly deteriorating market conditions as a result of the unprecedented demand destruction being caused by the Covid-19 pandemic in addition to the Saudi Arabia/Russia oil market share price war. On March 9, 2020, the Company announced that it had...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of KLX Energy Services Holdings, Inc.. Global Credit Research- 03 Apr 2020. New York, April 03, 2020-- Moody's Investors Service has completed a periodic review of the ratings of KLX Energy Services Holdings, Inc. and other ratings that are associated with the same analytical unit.
KLX Energy Services Reports Financial Results for the Fourth Quarter and Full Year Ended January 31, 2020 WELLINGTON, Fla., March 09, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE), a leading U.S. onshore provider of mission critical, asset light oilfield services, today reported its fourth fiscal quarter and full fiscal year (“Fiscal 2019”) ended January 31, 2020 financial results. The oilfield services industry experienced an abrupt deterioration in demand during the second half of 2019. As previously reported, the ...
KLX Energy Services Schedules Fourth Quarter and Full Year Earnings Release and Conference Call WELLINGTON, Fla., Feb. 28, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ:KLXE) will issue its financial results for the fourth quarter and full year ended January 31, 2020 prior to the opening of the NASDAQ Stock Market on Monday, March 9, 2020 and will hold a conference call to discuss the results at 9:00 a.m. Eastern Time on Monday, March 9, 2020. A live audio broadcast of the conference call, along with a supplemental presentation, will be avail...
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