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Is KLX Energy Services Holdings Inc Stock Halal?
Shariah Compliance Analysis of KLXE Stock
No. As of November 2026, KLX Energy Services Holdings Inc (KLXE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. KLX Energy Services Holdings Inc does not pass Musaffa's business and financial screening criteria.
KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. The company is headquartered in Houston, Texas and currently employs 1,548 full-time employees. The company went IPO on 2018-08-29. The company operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance, and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units.
KLXE Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, KLX Energy Services Holdings Inc is classified as not halal.
NOT HALALKLX Energy Services Holdings Inc (KLXE) Chart
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Financial Metrics & Statements of KLX Energy Services Holdings Inc (KLXE)
FAQ's for KLX Energy Services Holdings Inc (KLXE)
- As of November 2026, KLX Energy Services Holdings Inc KLXE is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes KLX Energy Services Holdings Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in KLX Energy Services Holdings Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of KLX Energy Services Holdings Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of KLX Energy Services Holdings Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of KLX Energy Services Holdings Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for KLX Energy Services Holdings Inc (KLXE)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.