Our computations of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Quintana Energy Services Inc. (QES) came out with a quarterly loss of $0.62 per share versus the Zacks Consensus Estimate of a loss of $0.18. Glassdoor gives you an inside look at what it's like to work at Quintana Energy Services, including salaries, reviews, office photos, and more. KLXE and QES stockholders own approximately 59% and 41%, respectively, of the equity of the combined company on a fully-diluted basis. See current career opportunities that are available at Quintana Energy Services Inc. The Company is now able to streamline operational support and technology advancements across a broader suite of service offerings. QES specializes in directional drilling and measure-while-drilling services that provide a complete guidance solution for directional and horizontal wells. QES is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in …

The Board of Directors is comprised of nine directors, with five legacy KLXE directors and four legacy QES directors.

The closing follows approval of the merger transaction by both KLXE and QES stockholders at stockholder meetings held on July 24, 2020.“We are pleased to complete the previously announced merger of KLX Energy Services and Quintana Energy Services, bringing together two companies with tremendous strengths and capabilities that make us uniquely equipped to support our blue-chip customers during this unprecedented time,” said Christopher J. Baker, President and CEO of the combined company. Other factors that might cause such a difference include those discussed in KLXE’s filings with the SEC, which include its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and in the joint proxy statement/prospectus included in the registration statement on Form S-4 filed in connection with the transaction. This is the Quintana Energy Services company profile. HOUSTON, July 28, 2020 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (“KLXE” or the “Company”) (NASDAQ: KLXE) and Quintana Energy Services, Inc. (“QES”) (NYSE: QES) have successfully completed the all-stock merger transaction that was announced on May 3, 2020. For more information, see the section entitled “Risk Factors” and the forward-looking statements disclosure contained in KLXE’s and QES’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in other filings. Such forward-looking statements, including those regarding the transaction between KLXE and QES, involve risks and uncertainties. KLX Energy Services supports its broad customer base on a 24/7 basis from over 50 service facilities located throughout the major onshore oil and gas producing regions of the United States. Pro forma for the combination, KLXE has an improved liquidity and capital structure with approximately $117 million of cashThe combined organization has a highly talented workforce with a commitment to safety, performance, customer satisfaction, and profitability. We define Adjusted EBITDA as net income (loss) plus income taxes, net interest expense, depreciation and amortization, impairment charges, net (gain) loss on disposition of assets, stock based compensation, transaction expenses, rebranding expenses, settlement expenses, severance expenses, restructuring expenses, impairment expenses and equipment stand-up expense.We believe Adjusted EBITDA is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure.

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