Slide 1: Q3 2025 Company Presentation
Q3 2025 1 Company Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Cautionary Statement on 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. This presentation includes forward-looking statements
Slide 3: Next Level Readiness
3 NEXT LEVEL READINESS KLX Energy Services is a leading U.S. onshore provider of value-added, technologically-differentiated oilfield services focused on completion, intervention and production activities for the most technically demanding wells. NASDAQ KLXE Headquartered in Houston, TX Employees ~1
Slide 4: At A Glance
KLX Energy Services 4 KLX Energy Services At A Glance As of Q3 2025. Company disclosure. 1 Equity market cap per NASDAQ as of Nov. 6, 2025. 2 Adjusted EBITDA is a non-GAAP measure. For a reconciliation to the comparable GAAP measure, see Appendix. COMPANY OVERVIEW DIVERSIFIED BUSINESS MODEL Leadin
Slide 5: Strategic priorities
5 Provide market leading onsite job execution and safety Drive margin enhancing utilization Focus on pricing and cost structure to drive margins Expand share of wallet with top customers Continue to de-lever through a combination of EBITDA growth, free cash flow generation, debt reduction
Slide 6: Recent Acquisition Case Study
6 Recent Acquisition Case Study In March 2023, KLX and Greene’s formed a strong partnership based on a common culture focused on safety, execution, customer service and returns. The combined company is a leading provider of wellhead protection, flowback and well testing services. The acquisition of
Slide 7: A Transformed KLX
Performance culture KPI tracking / data-driven decision making Veteran operators Technical expertise Alignment of incentives KLX Energy Services 7 Rigorous maintenance program Minimize downtime Comprehensive suite of equipment and tool sizes across all PSLs Employees value safe, professional field o
Slide 8: Areas of Operation
KLX Energy Services 8 Areas of Operation Revenue contribution based on Q3 2025 results. 1 Gas contribution includes Haynesville and Marcellus activity as primary dry gas exposure Headquarters Technology Center Southwest Operation Facilities Rockies Operation Facilities Northeast / Mid-Con Operation
Slide 9: Diversified & Complementary Product Service Offering
KLX Energy Services 9 Diversified & Complementary Product Service Offering Diversified product service offering positions KLX to capture a larger percentage of customer spending across the lifecycle Refocused product service offering across core geographies to improve scale, utilization and retu
Slide 10: Wide range of well construction equipment
Wide range of well construction equipment spanning a variety of sizes and configurations HPHT float equipment Latch-in plugs and wiper plugs Centralizers 2-stage cement tools and annular casing packers Liner hanger systems Proprietary MWD tool design and packaging Proprietary surface
Slide 11: In-House R&D Capability Supports Continuous Improvement
KLX Energy Services 11 In-House R&D Capability Supports Continuous Improvement KLX recently introduced its revolutionary VISION suite of Downhole Completion tools, delivering advanced engineering and customized solutions for downhole operators Engineering Breadth Two dedicated R&D facilities focus
Slide 12: KLX – The Choice of Top Operators
12 KLX Energy Services KLX – The Choice of Top Operators Revenue driven by top 10 customers in 2024 Significant leverage to and long-term relationships with the most active operators and industry consolidators ~610 50% Unique customers serviced in 2024 with no one customer accounting for more than 1
Slide 13: Gaining Market Share
Source: Company & Baker Hughes. Note that the Company changed its fiscal year-end from January 31 to December 31, effective beginning with the year ended December 31, 2021. We have presented Q4’21 on a pro forma basis as three months ended December 31, 2021. Gaining Market Share US Land Rig Count an
Slide 14: Significant Operating Leverage
Source: Company & Baker Hughes. Note that the Company changed its fiscal year-end from January 31 to December 31, effective beginning with the year ended December 31, 2021. We have presented Q4’21 on a pro forma basis as three months ended December 31, 2021. Significant Operating Leverage US Land Ri
Slide 15: Cycle-tested Leadership Team
KLX Energy Services 15 Cycle-tested Leadership Team Chris Baker CEO 25+ years of industry experience Co-founded and COO of QES Managing Director – Oilfield Services for Quintana Energy Partners Citigroup Global Markets Inc. BS in Mechanical Engineering from Louisiana State University MBA from Rice U
Slide 16: Enhanced Capitalization & Leverage Profile
16 Enhanced Capitalization & Leverage Profile Maturity 2025 ABL Facility Maturity Mar. 2028 Cash $8MM Liquidity $65MM Total Debt $259MM Net Debt1 $251MM Senior Notes Maturity Mar. 2030 As of Q3 2025. Company disclosure. 1 We define net debt as total debt less cash and cash equivalents and restricted
Slide 17: Q3 2025 Summary & Q4 2025 Guidance
KLX Energy Services 17 Q3 2025 Summary & Q4 2025 Guidance Q4 revenue guidance of mid-single-digit decline Continued stable Adj EBITDA Margin Q4 2025 GUIDANCE (AS DISCLOSED IN EARNINGS RELEASE ON NOVEMBER 5, 2025) Q3 2025 SUMMARY $167MM of Revenue increased 5% sequentially, despite 6% decline i
Slide 18: KLX Financial Summary
$17 $12 $7 $10 $8 $9 $10 $12 $7 $5 $11 $10 $3 $7 $15 ($8) ($9) ($7) ($6) ($7) $28 $23 $14 $19 $21 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Rockies Southwest Northeast / Mid-Con Corporate & Other KLX Energy Services 18 KLX Financial Summary REVENUE ($MM) LEVERED FREE CASH FLOW1,2 ($MM) ADJUSTED EBITDA1 ($MM) UN
Slide 19: Corporate Headquarters and Investor Relations
19 Corporate Headquarters 3040 POST OAK BLVD 15th Floor Houston, TX 77056 Investor Relations Keefer M. Lehner, EVP & CFO (832) 930-8066 IR@klxenergy.com
Slide 20: Appendix
Appendix 20
Slide 21: Reconciliation of Consolidated Net (Loss) Income to Adjusted EBITDA
KLX Energy Services 21 Reconciliation of Consolidated Net (Loss) Income to Adjusted EBITDA (Loss) *Previously announced quarterly numbers may not sum to the year-end total due to rounding. (1) Quarterly cost of sales includes lease expense associated with five coiled tubing unit leases of $2.1 milli
Slide 22: Consolidated Net (Loss) Income Margin and Adjusted EBITDA Margin Reconciliations
KLX Energy Services 22 Consolidated Net (Loss) Income Margin and Consolidated Adjusted EBITDA Margin Reconciliations (dollar amounts in millions)
Slide 23: Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA
KLX Energy Services 23 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 24: Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA
KLX Energy Services 24 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 25: Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA
KLX Energy Services 25 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 26: Segment Operating (Loss) Income Margin Reconciliation
KLX Energy Services 26 Segment Operating (Loss) Income Margin Reconciliation (dollar amounts in millions)
Slide 27: Segment Adjusted EBITDA Margin Reconciliation
KLX Energy Services 27 Segment Adjusted EBITDA Margin Reconciliation (dollar amounts in millions)
Slide 28: Adjusted SG&A Margin Reconciliation
KLX Energy Services 28 Adjusted SG&A Margin Reconciliation (dollar amounts in millions)
Slide 29: Annualized Quarterly (LQA) Adjusted EBITDA Reconciliation
KLX Energy Services 29 Annualized Quarterly (LQA) Adjusted EBITDA Reconciliation (dollar amounts in millions)
Slide 30: Free Cash Flow Reconciliation
KLX Energy Services 30 Free Cash Flow Reconciliation (dollar amounts in millions)