Quarterly ResultMay 12, 2026, 04:14 PM
KLX Energy Services Q1 Revenue $144.7M; Net Loss $(24.0)M
AI Summary
KLX Energy Services reported Q1 2026 financial results with revenue of $144.7 million, a 6% decrease year-over-year, and a net loss of $(24.0) million. Adjusted EBITDA was $11.1 million, representing an 8% margin. The company attributed the lower-end Q1 revenue to winter storm Fern and customer delays. Looking ahead, KLX Energy Services provided Q2 2026 revenue guidance of $162 million to $172 million, expecting sequential growth and Adjusted EBITDA margin expansion.
Key Highlights
- Q1 2026 revenue was $144.7 million, down 6% from Q1 2025.
- Net loss for Q1 2026 was $(24.0) million, with diluted loss per share of $(1.23).
- Adjusted EBITDA for Q1 2026 was $11.1 million, with an 8% margin.
- Total liquidity as of March 31, 2026, was $48 million.
- Northeast/Mid-Con segment revenue increased 28.0% to $52.5 million in Q1 2026.
- Rocky Mountains segment revenue decreased 19.2% to $38.6 million in Q1 2026.
- Southwest segment revenue decreased 17.8% to $53.6 million in Q1 2026.
- Forecasts Q2 2026 revenue of $162 million to $172 million, midpoint $167 million.