Quarterly ResultJun 30, 2026, 09:17 AM
KLX Energy Services Q1 Revenue $145M; Adj. EBITDA $11M; Guides Q2
AI Summary
KLX Energy Services Holdings, Inc. reported its Q1 2026 financial results, with revenue decreasing 6% year-over-year to $145 million and Adjusted EBITDA at $11 million. The company provided Q2 2026 revenue guidance ranging from $162 million to $172 million, anticipating sequential expansion in Adjusted EBITDA margin. The filing also highlighted the recent WolfPack acquisition, which involved a $17 million consideration and is expected to generate over $2 million in fixed cost synergies.
Key Highlights
- Q1 2026 revenue was $145 million, a 6% decrease from prior year's first quarter.
- Adjusted EBITDA for Q1 2026 reached $11 million, with an 8% Adjusted EBITDA Margin.
- KLX Energy Services provided Q2 2026 revenue guidance of $162 million to $172 million.
- Q2 2026 Adjusted EBITDA margin is projected to expand sequentially.
- Total debt stood at $276 million, with $6 million in cash and $48 million in liquidity.
- The WolfPack acquisition had a total consideration of $17 million, with over $2 million in projected fixed cost synergies.
- Q1 2026 revenue by segment: Southwest 37% ($54M), Northeast/Mid-Con 36% ($52M), Rockies 27% ($39M).
Price Impact
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