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KLXE on Nasdaq

KLX Energy Services Holdings, Inc.

Oil and gas field services company, listed on Nasdaq (KLXE)1

In its 2026 annual report the company says: “KLX Energy Services is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas E&P companies operating in both conventional and unconventional plays in all of the active major basins throughout the United States.”3 It is headquartered in Houston, Texas.1

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Last updated Oct 21, 2026.

Overview

Compare with Nine Energy Service, Inc., Ranger Energy Services, Inc. or Core Laboratories, or pick any stock.

  • TickerKLXE on Nasdaq1
  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersHouston, Texas1
  • Business address3040 Post Oak Boulevard, 15Th Floor, Houston, Tx 770562
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Except as otherwise indicated or unless the context otherwise requires, “KLX Energy Services,” “KLXE,” “Company,” “we,” “us” and “our” refer to KLX Energy Services Holdings, Inc. and its consolidated subsidiaries.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-4.8%Operating margin4
-12.1%Net margin4
-10.2%Revenue growth, 20254
-$41.6MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Completion Revenues brought in 56% of the revenue KLX Energy Services Holdings, Inc. broke down this way in fiscal 2025.

  1. Completion Revenues$356.5M456%down 4% from 2024
  2. Drilling Revenues$110.9M417%down 29% from 2024
  3. Production Revenues$107.3M417%down 3% from 2024
  4. Intervention Revenues$61.9M410%down 11% from 2024
Products and services by year
Products and services20242025
Completion Revenues$372.7M$356.5M
Drilling Revenues$156.1M$110.9M
Production Revenues$110.7M$107.3M
Intervention Revenues$69.8M$61.9M

Business segments

Southwest brought in 36% of the revenue KLX Energy Services Holdings, Inc. broke down this way in fiscal 2025.

  1. Southwest$232.5M436%down 14% from 2024
  2. Northeast$206.3M432%down 3% from 2024
  3. Rocky Mountains$199.2M431%down 13% from 2024
Business segments by year
Business segments20242025
Southwest$270.7M$232.5M
Northeast$211.6M$206.3M
Rocky Mountains$229.1M$199.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue79¢$501.5M
  • Research and development0¢$1.7M
  • Selling, general and admin11¢$68.5M
  • Other costs10¢$64.1M
  • Income tax0¢$800.0K

Out of $636.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$49.1M

Out of $7.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$636.6M in 2025+29% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $495.3M$495.3M20192020: $544.0M$544.0M2020+10%2021: $276.8M$276.8M2021−49%2022: $781.6M$781.6M2022+182%2023: $888.4M$888.4M2023+14%2024: $709.3M$709.3M2024−20%2025: $636.6M$636.6M2025−10%
Operating income56784-$30.3M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: $22.1M$22.1M20192020: -$75.7M-$75.7M20202021: -$301.1M-$301.1M2021+298%2022: $32.5M$32.5M20222023: $56.9M$56.9M2023+75%2024: -$15.5M-$15.5M20242025: -$30.3M-$30.3M2025+95%
Net income56784-$77.1M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: $14.4M$14.4M20192020: -$96.4M-$96.4M20202021: -$332.2M-$332.2M2021+245%2022: -$3.1M-$3.1M2022−99%2023: $19.2M$19.2M20232024: -$53.0M-$53.0M20242025: -$77.1M-$77.1M2025+45%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$636.6M$709.3M
Cost of sales$501.5M$549.7M
Depreciation and amortization$95.2M$94.0M
Selling, general and administrative$68.5M$79.6M
Research and development costs$1.7M$1.4M
Impairment and other charges$0$100.0K
Operating loss-$30.3M-$15.5M
Interest income-$400.0K-$2.5M
Interest expense$45.2M$39.4M
Loss on debt extinguishment$1.2M$0
Net loss before income tax-$76.3M-$52.4M
Income tax expense$800.0K$600.0K
Net loss-$77.1M-$53.0M
Net loss per share - basic (in dollars per share)-$4.12-$3.27
Net loss per share - diluted (in dollars per share)-$4.12-$3.27

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Corporate structure

KLX Energy Services Holdings, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KLX Energy Services Holdings, Inc.

  • Cross Ocean Partners Management LP Filed SCHEDULE 13D on KLX Energy Services Holdings, Inc., latest Oct 6, 2026 (2 filings since May 15, 2026)
  • WHITEBOX ADVISORS LLC Filed SCHEDULE 13D on KLX Energy Services Holdings, Inc., latest Oct 6, 2026
  • STEEL PARTNERS HOLDINGS L.P. Filed SCHEDULE 13D on KLX Energy Services Holdings, Inc., latest Sep 3, 2026
  • CastleKnight Master Fund LP Filed SCHEDULE 13G/A on KLX Energy Services Holdings, Inc., latest Aug 14, 2026 (3 filings since May 15, 2025)
  • Cross Ocean GSS Onshore Feeder LP Filed SCHEDULE 13G on KLX Energy Services Holdings, Inc., latest Mar 13, 2026
  • Jeffrey L. Gendell Filed SCHEDULE 13G/A on KLX Energy Services Holdings, Inc., latest Aug 14, 2025 (4 filings since Jun 29, 2022)
  • Geveran Investments Ltd Filed SCHEDULE 13D/A on KLX Energy Services Holdings, Inc., latest Jul 7, 2025
  • Stuart D. Porter Filed SC 13G/A on KLX Energy Services Holdings, Inc., latest Nov 14, 2024 (3 filings since Mar 20, 2023)
  • Archer Ltd Filed SC 13D/A on KLX Energy Services Holdings, Inc., latest May 18, 2023
  • Quintana Capital Group, L.P. Filed SC 13D/A on KLX Energy Services Holdings, Inc., latest Oct 6, 2021
  • KLX Energy Services Holdings, Inc. Houston, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KLX Energy Services Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$512.3M4 Dec 31, 2025$461.1M4 Dec 31, 2024+11.1%
Finance-lease assets$34.8M4 Dec 31, 2025$38.9M4 Dec 31, 2024−10.5%
Operating-lease assets (leased space)$22.3M4 Dec 31, 2025$19.6M4 Dec 31, 2024+13.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.7M4 Dec 31, 2025$91.6M4 Dec 31, 2024−93.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1.1M4 Dec 31, 2025$1.5M4 Dec 31, 2024−26.7%
Finite-lived intangibles, gross$5.9M4 Dec 31, 2025$5.9M4 Dec 31, 20240%
Accumulated amortization$4.8M4 Dec 31, 2025$4.4M4 Dec 31, 2024+9.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.7M4 Dec 31, 2025$31.0M4 Dec 31, 2024−1.0%
Raw materials$9.0M4 Dec 31, 2025$8.0M4 Dec 31, 2024+12.5%
Finished goods$4.6M4 Dec 31, 2025$3.9M4 Dec 31, 2024+17.9%

Properties, in its own words

We currently lease our corporate headquarters, which is located at 3040 Post Oak Boulevard, 15th Floor, Houston, Texas 77056. We currently own or lease over 60 service facilities, including the following material facilities:

Leased or Owned · Expiration of Lease

The rest of Item 2

Rocky Mountains

LaSalle, CO · Lease · 11/1/2027

Mills, WY · Lease · 10/31/2026

Nunn, CO · Lease · 11/30/2027

Williston, ND · Own · N/A

Southwest

Odessa, TX · Lease · 6/30/2028

Odessa, TX · Lease · 11/30/2028

Odessa, TX · Lease · 5/31/2030

Pleasanton, TX · Lease · 6/30/2027

Victoria, TX · Own · N/A

Willis, TX · Own · N/A

Northeast/Mid-Con

Bossier City, LA · Lease · 6/30/2027

Bridgeport, WV · Lease · 8/31/2028

Union City, OK · Own · N/A

We believe that our facilities are adequate for our current operations and allow us to efficiently serve our customers. We do not believe that any single facility is material to our operations and, if necessary, we could obtain a replacement facility.

Item 2 of the 10-K filed Mar 12, 2026.3

Leadership

Who has led KLX Energy Services Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Amin J. Khoury2018–2019

Chair

  1. Amin J. Khoury2018–2019

President

  1. Amin J. Khoury2018–2019

Chief financial officer

  1. Thomas P. McCaffrey2018–2020
20202025
Board members and other officers (20)

Timeline

  1. Sep 30, 20268-K Entered a material agreement; Unregistered sale of shares; Other events34
  2. Sep 25, 20268-K Regulation FD disclosure; Other events35
  3. Sep 23, 20268-K Entered a material agreement; Change to shareholders' rights; Regulation FD disclosure36
  4. Sep 18, 20268-K Other events37
  5. Aug 24, 20268-K Other events38
  6. Aug 21, 20268-K Other events39
  7. Aug 12, 20268-K Financial statements and exhibits40
  8. Aug 10, 20268-K Results of operations; Regulation FD disclosure41
  9. Aug 10, 20268-K Entered a material agreement; Unregistered sale of shares; Other events42
  10. Jun 30, 20268-K Results of operations; Regulation FD disclosure43
  11. Jun 2, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares44
  12. May 12, 20268-K Results of operations; Regulation FD disclosure45
  13. Sep 18, 2018New chief executive Amin J. Khoury becomes CEO12

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.73) a share, on Nov 5, 2025.46

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results41
  2. Jun 30, 2026Reported quarterly or annual results43
  3. May 12, 2026Reported quarterly or annual results45
  4. Apr 8, 2026Reported quarterly or annual results47
  5. Mar 11, 2026Reported quarterly or annual results48
  6. Nov 12, 2025Reported quarterly or annual results49
  7. Nov 5, 2025Reported quarterly or annual results50
  8. Aug 26, 2025Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

314 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 65 major events, 144 insider forms, 18 large holders, 67 other. The latest 20:

  1. Oct 9, 20263/A EDGAR
  2. Oct 9, 20263 EDGAR
  3. Oct 9, 20263 EDGAR
  4. Oct 6, 2026SCHEDULE 13D EDGAR
  5. Oct 6, 2026SCHEDULE 13D EDGAR
  6. Sep 30, 20268-K EDGAR
  7. Sep 25, 20268-K EDGAR
  8. Sep 24, 202625-NSE EDGAR
  9. Sep 23, 20268-A12B EDGAR
  10. Sep 23, 20268-K EDGAR
  11. Sep 21, 20264 EDGAR
  12. Sep 18, 20268-K EDGAR
  13. Sep 17, 20264 EDGAR
  14. Sep 17, 20264 EDGAR
  15. Sep 16, 20264 EDGAR
  16. Sep 15, 20264 EDGAR
  17. Sep 15, 20264 EDGAR
  18. Sep 3, 2026SCHEDULE 13D EDGAR
  19. Aug 24, 2026CERT EDGAR
  20. Aug 24, 20268-K EDGAR

The 314 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

60 open-market trades by officers, directors and large owners since October 2021: 3 buys and 57 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 16, 2025Bouthillette MaxSee RemarksBuy16,500$1.67$27.6KForm 4
Dec 15, 2025Stanford Geoffrey CSee RemarksBuy20,000$1.85$37.0KForm 4
Dec 12, 2025Stanford Geoffrey CSee RemarksBuy30,000$1.94$58.2KForm 4
May 13, 2025MCCAFFREY THOMAS PDirectorSale50,045$1.95$97.6KForm 4
Mar 19, 2025Stanford Geoffrey CSee RemarksSale6,336$3.75$23.8KForm 4
Mar 7, 2025Lehner Keefer McGovernSee RemarksSale500$5.04$2.5KForm 4
Mar 3, 2025Lehner Keefer McGovernSee RemarksSale3,000$4.45$13.3KForm 4
Feb 24, 2025Lehner Keefer McGovernSee RemarksSale1,000$4.39$4.4KForm 4
Jan 27, 2025Lehner Keefer McGovernSee RemarksSale3,000$5.87$17.6KForm 4
Jan 16, 2025Lehner Keefer McGovernSee RemarksSale2,500$6.67$16.7KForm 4
Dec 30, 2024Lehner Keefer McGovernSee RemarksSale1,000$5.02$5.0KForm 4
Dec 26, 2024Lehner Keefer McGovernSee RemarksSale1,000$4.48$4.5KForm 4
Aug 21, 2024Stanford Geoffrey CSee RemarksSale7,790$6.93$54.0KForm 4
Dec 1, 2023Baker Christopher J.See RemarksSale4,000$9.44$37.8KForm 4
Nov 2, 2023Lehner Keefer McGovernSee RemarksSale13,343$10.28$137.2KForm 4
Nov 1, 2023Baker Christopher J.See RemarksSale4,500$10.14$45.6KForm 4
Oct 2, 2023Baker Christopher J.See RemarksSale4,500$11.54$51.9KForm 4
Sep 26, 2023Stanford Geoffrey CSee RemarksSale7,426$10.90$80.9KForm 4
Sep 15, 2023Bouthillette MaxSee RemarksSale10,475$11.71$122.7KForm 4
Sep 1, 2023Baker Christopher J.See RemarksSale4,500$10.56$47.5KForm 4

All 60 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher J. Baker53$638.8K$1.7M62
2025Max Bouthillette57$382.2K$843.2K62
2025Keefer M. Lehner$436.8K$777.7K62
2024Chief Executive Officer and President$638.8K$2.8M62
2024Executive VicePresident and Chief Financial Officer$436.8K$1.4M62
2024Executive Vice PresidentGeneral Counsel and Chief Compliance Officer$382.2K$1.3M62

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 63. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gendell Jeffrey L1,866,221$4.8M0.0%+95,113
CastleKnight Management LP691,727$1.8M0.1%−229,318
Vanguard Capital Management LLC609,635$1.6M0.0%+55,674
Adage Capital Partners Gp, L.l.c.550,000$1.4M0.0%+450,000
Marshall Wace, Llp545,197$1.4M0.0%+172,300
Citadel Advisors LLC258,384$666.6K0.0%+128,254
BlackRock, Inc.209,264$539.9K0.0%+17,275
Kestra Advisory Services, LLC201,879$520.8K0.0%New
Geode Capital Management, LLC182,025$469.7K0.0%+3,874
Whitebox Advisors LLC179,058$462.0K0.0%No change
Morgan Stanley170,680$440.4K0.0%−42,459
Renaissance Technologies LLC153,600$396.3K0.0%+1,500
Round Rock Advisors LLC139,614$360.2K0.0%No change
Mackenzie Financial Corp103,322$266.6K0.0%New
UBS Group AG90,921$234.6K0.0%+76,556
Dimensional Fund Advisors LP78,281$202.0K0.0%+61,970
Arrowstreet Capital, Limited Partnership78,214$201.8K0.0%New
Vanguard Fiduciary Trust Co76,694$197.9K0.0%+605
Verition Fund Management LLC75,000$193.5K0.0%New
State Street Corp71,836$185.3K0.0%No change
Susquehanna International Group, Llp56,359$145.4K0.0%−6,238
Goldman Sachs Group Inc56,148$144.9K0.0%New
Northern Trust Corp35,962$92.8K0.0%+9,820
Gamco Investors, Inc. Et Al35,000$90.3K0.0%No change
Point72 Asset Management, L.P.31,167$80.4K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How KLX Energy Services Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKLX Energy Services Holdings, Inc.1
  • CIK0001738827
  • Employer ID (EIN)36-49041463
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address3040 Post Oak Boulevard, 15Th Floor, Houston, TX 770561
  • Phone(832) 844-10151
  • Shares outstanding21,273,059 as of Jul 31, 202610
  • Public float$29.0M as of Jun 30, 20253
  • AuditorDeloitte & Touche LLP, Houston, Texas PCAOB ID 34; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJun 21, 20181
  • Filings554 in all: 4 (219), 8-K (102), 3 (27), 10-Q (25), 144 (19), CORRESP (15), SC 13G/A (13), UPLOAD (11)1
    All 45 form types

    DEFA14A (9), DEF 14A (8), 10-K (7), 425 (7), SC 13G (7), S-8 POS (6), EFFECT (5), PRE 14A (5), S-8 (5), SC 13D/A (5), 11-K (4), ARS (4), S-3 (4), SC 13D (4), SCHEDULE 13G/A (4), 4/A (3), 424B3 (3), 424B5 (3), SCHEDULE 13D (3), 10-12B/A (2), 3/A (2), 8-A12B (2), 8-K/A (2), CERT (2), FWP (2), S-4/A (2), SCHEDULE 13G (2), SD (2), 10-12B (1), 10-K/A (1), 10-KT (1), 144/A (1), 25-NSE (1), 5 (1), DRS (1), S-4 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Sep 30, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.01 per shareKLXEThe Nasdaq Global Select Market

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks KLX Energy Services Holdings, Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 52 risks under these headings, as written.3

  • Risks Relating to Our Business
  • Our business depends on domestic capital spending by the oil and natural gas industry, and reductions in capital spending could have a material adverse effect on our business, financial condition and results of operations.
  • The volatility of oil and natural gas prices may adversely affect the demand for our services and negatively impact our results of operations.
  • Our business may be adversely affected by a deterioration in general economic conditions or a weakening of the broader energy industry.
  • The industry in which we operate has undergone and may continue to undergo consolidation.
  • We may be adversely affected by the effects of inflation.
  • We may be unable to maintain existing prices or implement price increases on our services.
  • We have been expanding our available products and services in recent periods. Our inability to properly manage or support future expansion of our business may have a material adverse effect on our business, financial condition, and results of operations and could cause the market value of our Common Stock to decline.
  • If we lose significant customers, significant customers materially reduce their purchase orders or significant programs on which we rely are delayed, scaled back or eliminated, our business, financial condition and results of operations may be adversely affected.
  • We may be unable to effectively and efficiently manage our equipment fleet as we expand our business, which could have an adverse effect on our business, financial condition and results of operations.
  • Our past acquisition activity and any future acquisitions may not be successful in delivering expected performance post-acquisition, which could have a material adverse effect on our business, financial condition and results of operations.
  • Risks Relating to Our Industry
The other 42 risks
  • Conservation measures and technological advances could reduce demand for oil and natural gas.
  • Our business involves many hazards and operational risks that could adversely affect our business, financial condition and results of operations.
  • Competition among oilfield service and equipment providers is affected by each provider’s reputation for safety and quality.
  • Increased labor costs, the unavailability of skilled workers or labor-related litigation could hurt our business, financial condition and results of operations.
  • We operate in highly competitive markets and our failure to compete effectively may negatively impact our business, financial condition and results of operations.
  • Seasonal and adverse weather conditions adversely affect demand for services and operations.
  • Risks Relating to Financial Considerations
  • We have operated at a loss, and there is no assurance of our profitability in the future.
  • Our assets require capital for maintenance, upgrades and refurbishment, and we may require capital expenditures for new equipment.
  • We have substantial indebtedness, and our ability to repay such indebtedness as it becomes due will depend on our future operating performance.
  • Our significant level of indebtedness may limit our ability to borrow additional funds or capitalize on acquisition or other business opportunities.
  • We may experience future impairment charges.
  • Customer payment delays of outstanding receivables and customer bankruptcies could have a material adverse effect on our liquidity, results of operations, and consolidated financial condition.
  • Risks Relating to Third Parties
  • Shortages or increases in the costs of the equipment we use in our operations could adversely affect our operations in the future.
  • We are dependent on a small number of suppliers for key goods and services that we use in our operations.
  • We rely on a limited number of third parties for sand, proppant and chemicals, and delays in deliveries of such materials, increases in the cost of such materials or our contractual obligations to pay for materials that we ultimately do not require could harm our business, results of operations and financial condition.
  • If suppliers are unable to supply us with the products used in our operations in a timely manner, in adequate quantities and/or at a reasonable cost, we may be unable to meet the demands of our customers, which could have a material adverse effect on our business, financial condition and results of operations.
  • Risks Relating to Technology and Intellectual Property
  • Our inability to develop, obtain, maintain or implement new technology may cause us to become less competitive.
  • Our success may be affected by our ability to use and protect our proprietary technology as well as our ability to enter into license agreements.
  • We may be adversely affected by disputes regarding intellectual property rights and the value of our intellectual property rights is uncertain.
  • Our operations rely on an extensive network of IT systems and a failure to maintain, upgrade and protect such systems could adversely impact our business, financial condition and results of
  • operations. Our operations are subject to cybersecurity risks that could have a material adverse effect on our business, financial condition and results of operations.
  • Risks Relating to Government Regulation and Legal Matters
  • Oilfield anti-indemnity provisions enacted by many states may restrict or prohibit a party’s indemnification of us.
  • Changes in trucking regulations may increase our transportation costs and negatively impact our business, financial condition and results of operations.
  • Legal requirements relating to hydraulic fracturing could increase our customers’ costs of doing business, limit the areas in which our customers can operate and reduce oil and natural gas production by our customers, which could adversely impact our business, financial condition and results of operations.
  • We and our customers are subject to environmental and occupational health and safety laws and regulations that could increase our or our customers’ costs of doing business and adversely impact our business, financial condition and results of operations.
  • Our and our customers’ operations are subject to a number of risks arising out of the threat of climate change, energy conservation measures, or initiatives that stimulate demand for alternative forms of energy, which could result in increased operating and capital costs for us and our customers, limit the areas in which oil and gas production may occur and reduce demand for the products and services we provide.
  • Increased attention to sustainability matters may impact our business.
  • We may be required to assume responsibility for environmental and other liabilities of companies we have acquired or will acquire.
  • We face risks from increasing activism against, and negative investor sentiment towards the oil and gas industry, which may adversely impact our business.
  • Restrictions, delays or cancellations imposed by governmental authorities in issuing permits or leases for our or our customers’ operations could impair our business.
  • Silica-related legal requirements, including compliance with OSHA regulations relating to respirable crystalline silica or litigation, could have a material adverse effect on our business, financial condition, results of operation and reputation.
  • Explosive incidents arising out of dangerous materials used in our business could disrupt operations and result in bodily injuries and property damages, which occurrences could have a material adverse effect our business, results of operations and financial conditions.
  • The ESA and comparable laws intended to protect certain species of wildlife govern our and our oil and natural gas E&P customers’ operations, which constraints could have an adverse impact on our ability to expand some of our existing operations or limit our customers’ ability to develop new oil and natural gas wells.
  • We may be subject to claims for personal injury and property damage or other litigation, which could materially adversely affect our business, financial condition and results of operations.
  • Tariffs and other trade measures could adversely affect our business, results of operations, financial position and cash flows.
  • Risks Relating to Our Common Stock
  • Future sales of our Common Stock in the public market could reduce our stock price, and any additional capital raised by us through the sale of equity or convertible securities may dilute your ownership interest.
  • SEC regulations limit the amount of funds we can raise during any 12-month period pursuant to our shelf registration statement on Form S-3.
  • We cannot assure you that we will pay dividends on our Common Stock, and our indebtedness could limit our ability to pay dividends on our Common Stock.
  • Certain provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws, and certain provisions of Delaware law may prevent or delay an acquisition of our company or other strategic transactions, which could decrease the trading price of our Common Stock.
  • Our amended and restated bylaws designate courts in the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a different judicial forum for intra-corporate disputes with us or our directors, officers, employees or agents.
  • If securities or industry analysts do not publish research reports or publish unfavorable research about our business, the price and trading volume of our Common Stock could decline.
  • General Risks
  • We may be unable to attract or retain personnel who are key to our operations.

Legal proceedings

The Company is at times either a plaintiff or a defendant in various legal actions arising in the normal course of business, the outcomes of which, in the opinion of management, neither individually nor in the aggregate are likely to result in a material adverse effect on the Company’s consolidated financial statements, except as noted herein.

See Note 9. “Commitments, Contingencies and Off-Balance Sheet Arrangements” to our audited consolidated financial statements included in Item 8 in this Form 10-K.

The opening of Item 3, Legal Proceedings.3

Sources

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