KLX ENERGY SERVICES HOLDINGS, INC. REPORTS THIRD QUARTER 2026 RESULTS

(NASDAQ:KLXE) KLX Energy Services Holdings, Inc. reported financial results for the third quarter ended September 30, 2026. Revenue for the third quarter was $186 million, representing an 11% increase over the second quarter of 2026. Net loss for the quarter was $(15) million, with a diluted loss per share of $(0.68). Adjusted net loss, excluding costs related to the Backstopped Rights Offering, was $(10) million, and adjusted diluted earnings per share was $(0.44). Net loss margin was (8)%. Adjusted EBITDA was $25 million, a 33% increase over the second quarter of 2026, and Adjusted EBITDA margin was 13%, a 20% increase over the prior quarter. Total liquidity at quarter end was $78 million, consisting of approximately $5 million in cash and cash equivalents and approximately $73 million of available capacity under the 2028 ABL Facility. On September 29, 2026, KLX closed the Backstopped Rights Offering, converting $87.8 million of debt to equity and receiving $37.2 million in new equity purchases, $6.2 million of which was used to redeem additional debt after the quarter ended. Revenue for the third quarter of 2026 totaled $185.6 million, up 10.9% from $167.3 million in the second quarter of 2026. By product line, completion services contributed approximately 50% of revenue, drilling 25%, production 16%, and intervention 9%. Adjusted EBITDA for the third quarter was $24.9 million, compared to $18.7 million in the second quarter. Adjusted EBITDA margin was 13.4%, up from 11.2% in the prior quarter. In the Rocky Mountains segment, revenue was $58.6 million, operating income was $7.4 million, and Adjusted EBITDA was $12.6 million. In the Southwest segment, revenue was $70.9 million, operating income was $0.6 million, and Adjusted EBITDA was $8.8 million. In the Northeast/Mid-Con segment, revenue was $56.1 million, operating income was $4.9 million, and Adjusted EBITDA was $12.2 million. Corporate and other segment operating loss was $(11.0) million and Adjusted EBITDA loss was $(8.7) million. As of September 30, 2026, cash and cash equivalents totaled $5.0 million, and availability under the 2028 ABL Facility was $73.4 million, resulting in total liquidity of $78.4 million. Net Working Capital was $54.7 million, a 19% increase from June 30, 2026. Capital expenditures during the third quarter were $12.6 million, up 47% from $8.6 million in the second quarter. Capital expenditures net of asset sales were $10.8 million, up 69% from $6.4 million in the second quarter. As of September 30, 2026, KLX had $2.0 million of assets held for sale. The company substantially completed the integration of Wolf Pack and remains on track to deliver $2.5 million of projected annual cost synergies. For the fourth quarter of 2026, KLX expects revenue of $172 million to $184 million, representing approximately 14% growth over the prior-year period at the midpoint. The company will conduct its third quarter 2026 conference call on November 6, 2026 at 9:00 a.m. Eastern Time.

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS

(NASDAQ:KLXE) KLX Energy Services Holdings, Inc. reported revenue of $167 million for the second quarter ended June 30, 2026, representing a 16% increase over the first quarter 2026. The company recorded a net loss of $(8) million and diluted loss per share of $(0.41), which improved 65% and 67% over first quarter 2026, respectively. Adjusted EBITDA was $19 million, a 68% increase over first quarter 2026, with an Adjusted EBITDA margin of 11%, a 46% increase over first quarter 2026. On June 2, 2026, KLX closed the acquisition of Wolf Pack Rentals, LLC and recorded a related bargain purchase gain of $6.5 million. Wolf Pack contributed $3.4 million of revenue in June, implying a current annual revenue run-rate of $41 million. Total liquidity as of June 30, 2026 was $53 million, consisting of approximately $8 million of cash and cash equivalents.

KLX Energy Services Announces $125 Million Rights Offering for Common Stock Backstopped For Up to $94 Million to Reduce Leverage

(NASDAQ:KLXE) KLX Energy Services Holdings, Inc. announced that its Board of Directors has approved a $125 million backstopped rights offering available to all holders of record of the Company's common stock as of 5:00 p.m., New York City time, on August 21, 2026. The Rights Offering will allow holders to purchase shares of Common Stock at a subscription price of $1.49 per share, with each right entitling the holder to purchase 3.885 shares. The Rights Offering is expected to commence on August 24, 2026, and expire at 5:00 p.m., New York City time, on September 23, 2026. The offering is backstopped by existing holders of the Company's Senior Secured Floating Rate Cash / PIK Notes due 2030 in an aggregate backstop commitment amount of $94.0 million, which may be increased up to $125.0 million. Upon completion of the Backstop Exchange, the outstanding principal amount of the 2030 Notes is expected to be reduced by $94.0 million. The Company intends to use any net cash proceeds it receives in connection with the Rights Offering up to $31.0 million for general corporate purposes, and for any amounts over $31.0 million, the Company intends to repurchase 2030 Notes at par.

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2026 RESULTS

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) reported its financial results for the first quarter ended March 31, 2026. The company posted revenue of $144.7 million, a net loss of $(24.0) million, and Adjusted EBITDA of $11.1 million with an Adjusted EBITDA margin of 7.7%. Total liquidity as of March 31, 2026 was $47.7 million, including $5.6 million in cash and $36.3 million in borrowing availability. Segment results showed varied performance, with Northeast/Mid-Con revenue increasing 28.0% year-over-year, while Rocky Mountains and Southwest segments saw revenue declines. KLX forecasts second quarter 2026 revenue between $162 and $172 million, with a midpoint of $167 million, representing a 5% increase over the second quarter of 2025.