KLX Energy Services Holdings, Inc. announced that Geoffrey C. Stanford will serve as interim Chief Financial Officer, effective January 7, 2026, following the resignation of Executive Vice President and former CFO Keefer M. Lehner, who stepped down on December 8, 2025. The transition is part of the company’s planned succession strategy and is not linked to any operational or financial control issues.
Stanford, 58, has been with KLX since 2018 and was promoted to Senior Vice President and Chief Accounting Officer in December 2020. He holds a CPA license, an MBA from Tulane University, and bachelor’s degrees from Louisiana State University. His long tenure and deep knowledge of the company’s financial systems position him to maintain continuity during the interim period.
In its most recent quarterly report, KLX reported Q3 2025 revenue of $166.7 million, a 5 % sequential increase but a 12 % year‑over‑year decline. The net loss widened to $14.3 million, while adjusted EBITDA rose to $21.1 million, reflecting a 13 % margin that improved from 12 % in Q2. The revenue lift was driven by a 29 % sequential jump in the Northeast/Mid‑Con segment, which benefited from stronger completions utilization and gas‑focused activity; this growth offset softness in the Rockies and Southwest regions.
CEO Chris Baker expressed confidence in Stanford’s leadership, noting that the Board and he “have great confidence in Geoff’s leadership of the accounting and finance team.” Lehner, in his resignation letter, thanked the company and wished KLX continued success. The CFO transition is described as a routine succession move, with no indication of operational or financial control concerns.
KLX remains under significant financial pressure, reporting a $76.7 million net loss for the twelve months ended September 30, 2025 and a distressed Altman Z‑Score of –0.81. The company’s stock has fallen nearly 68 % over the past year. Management signals that, despite these challenges, the firm expects stable adjusted EBITDA margins in 2026, buoyed by rising natural gas demand and new LNG export capacity. The interim CFO appointment is intended to preserve financial discipline and support the company’s strategic focus during this period of volatility.
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