Earnings ·
KLX Energy Services reports Q3 revenue of $186M, a 11% increase over the prior quarter
KLXEKLX Energy Services Holdings, Inc.
KLX Energy Services Holdings reported third-quarter 2026 revenue of $185.6 million, an 11% sequential increase driven by higher land rig activity and utilization across its geographic segments. The company posted a net loss of $15.5 million, or $0.68 per diluted share, compared to a net loss of $8.4 million in the second quarter. Adjusted EBITDA rose 33% to $24.9 million with an adjusted margin of 13.4%. The firm also closed a backstopped rights offering that converted $87.8 million of debt into equity and raised $37.2 million in new capital, reducing total debt by approximately $100 million. KLX provided fourth-quarter revenue guidance of $172 million to $184 million. KLX is an oilfield services provider delivering drilling, completion, production, and intervention services to onshore exploration and production companies.