KLX Energy Services Holdings, Inc. filed an Amendment No. 1 to its Form 8-K to supplement Item 9.01 with the audited financial statements of Wolf Pack Rentals, LLC for the year ended December 31, 2025, and unaudited condensed financials for the three months ended March 31, 2026. The filing also includes pro forma combined financial information reflecting the acquisition as if consummated on January 1, 2025. On June 2, 2026, KLX completed the acquisition of substantially all assets of Wolf Pack for a total consideration of approximately $16.9 million, consisting of an initial $14.1 million payment and two deferred payments of $1.5 million each. The preliminary purchase price allocation recorded a bargain purchase gain of $6.3 million due to the excess of fair value of net assets over consideration transferred. KLX Energy Services Holdings, Inc. operates in the oilfield services industry, providing equipment rental and well-site support services.

KLX Energy Services Holdings announced a $125 million rights offering of common stock at a subscription price of $1.49 per share, with a record date of August 21, 2026. The offering is backstopped by holders of the company's 2030 Notes for up to $94 million through an exchange of debt for equity. Concurrently, the company entered into an amended and restated indenture that relaxes leverage covenants and excludes capital leases from indebtedness definitions. Net proceeds up to $31 million will fund general corporate purposes, with excess amounts used to repurchase 2030 Notes at par. KLX Energy Services Holdings operates in the oilfield services industry, providing drilling, completion, production, and intervention services.

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.