Earnings ·
KLX Energy Services Holdings, Inc. reported financial results for the second quarter ended June 30, 2026
KLXEKLX Energy Services Holdings, Inc.
KLX Energy Services Holdings, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased 15.6% to $167.3 million from $144.7 million in the first quarter, driven by higher activity levels and one month of contribution from the Wolf Pack Acquisition closed on June 2, 2026. The company recorded a net loss of $(8.4) million, an improvement from the prior quarter's $(24.0) million loss, alongside Adjusted EBITDA rising 68% to $18.7 million with margins expanding to 11%. Management raised full-year synergy estimates for the Wolf Pack acquisition to approximately $2.5 million and provided third-quarter revenue guidance of $176 to $188 million. The filing also notes a $125 million backstopped rights offering will be discussed on an upcoming conference call. KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services for onshore oil and natural gas exploration and production companies in the United States.