KLX Energy Services Holdings, Inc. commenced a previously announced subscription rights offering on August 24, 2026, available to holders of common stock and specific outstanding warrants as of the August 21, 2026 record date. Eligible holders receive one transferable subscription right for each share owned, entitling them to purchase 3.885 shares at a subscription price of $1.49 per share. The offering expires on September 23, 2026, with rights trading under the symbol KLXER. Up to $31.0 million in gross proceeds will fund general corporate purposes and fees, while any excess funds are intended for the repurchase of 2030 Notes at par plus accrued interest. The company operates in the oilfield services industry.

KLX Energy Services Holdings completed the acquisition of certain assets from Wolf Pack Rentals on June 2, 2026, for a total purchase price of $16.9 million. The consideration included an initial cash payment of $14.1 million and two deferred payments of $1.5 million each, payable in cash or stock at the buyer's discretion. Management recorded a preliminary bargain purchase gain of $6.5 million because the fair value of acquired assets exceeded the consideration transferred. Pro forma results for the six months ended June 30, 2026, reflect combined revenues of $329.0 million and a net loss of $40.7 million. KLX Energy Services Holdings operates in the oilfield services industry.