KLX Energy Services faces a precarious outlook characterized by sustained top-line contraction and structural margin compression, as evidenced by a 2.6% gross margin in 2026Q1. The company's reliance on a capital-intensive rental fleet, coupled with a negative...
HOUSTON, Sept. 18, 2026 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) ("KLX" or the "Company") announced today that it is nearing the previously announced expiration date for its $125 million backstopped rights offering (the "Rights Offering") of 5:00 pm, New York City time, on September 23, 2026 (the "Expiration Date").
KLX Energy Services (KLXE) came out with a quarterly loss of $0.64 per share versus the Zacks Consensus Estimate of a loss of $0.82. This compares to a loss of $0.88 per share a year ago.
HOUSTON, Aug. 10, 2026 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial and Operational Highlights Revenue of $167 million, a 16% increase over first quarter 2026 Net loss of $(8) million and diluted loss per share of $(0.41), improved 65% and 67% over first quarter 2026, respectively Adjusted EBITDA of $19 million, a 68% increase over first quarter 2026 Net loss margin of (5)%, an improvement of 70% over first quarter 2026 Adjusted EBITDA margin of 11%, a 46% increase over first quarter 2026 Total liquidity of $53 million, consisting of approximately $8 million of cash and cash equivalents On June 2, 2026, closed the acquisition of Wolf Pack Rentals, LLC (the "Wolf Pack Acquisition") and recorded a related bargain purchase gain of $6.5 million See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Loss, Adjusted Diluted Loss per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").
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