Quarterly ResultAug 11, 2026, 05:18 PM
KLX Energy Services Q2 Net Loss Improves to $(8.4)M
AI Summary
KLX Energy Services Holdings, Inc. reported a significant improvement in its second-quarter 2026 financial results, with net loss narrowing to $(8.4) million from $(19.9) million in the prior year. Revenues increased to $167.3 million for the quarter, and operating income turned positive at $2.1 million. The company also completed the Wolf Pack Acquisition for $16.9 million, recognizing a $6.5 million bargain purchase gain, and amended its 2030 Senior Notes covenants for financial flexibility, though total stockholders' deficit increased.
Key Highlights
- Q2 2026 revenues increased to $167.3 million from $159.0 million in Q2 2025.
- Net loss for Q2 2026 improved to $(8.4) million from $(19.9) million in Q2 2025.
- Basic net loss per share for Q2 2026 was $(0.41), an improvement from $(1.04) in Q2 2025.
- Operating income for Q2 2026 was $2.1 million, compared to an operating loss of $(8.7) million in Q2 2025.
- Completed Wolf Pack Acquisition for $16.9 million, resulting in a $6.5 million bargain purchase gain.
- Cash and cash equivalents increased to $7.9 million as of June 30, 2026, from $5.7 million at year-end 2025.
- Amended 2030 Senior Notes covenants to extend maximum total net leverage ratio relief.
- Total stockholders' deficit increased to $(102.4) million as of June 30, 2026.
Price Impact
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