Quarterly ResultAug 10, 2026, 04:29 PM
KLX Energy Services Q2 Revenue $167M; Net Loss $(8)M
AI Summary
KLX Energy Services Holdings, Inc. reported strong sequential improvements in its second quarter 2026 financial results. Revenue increased by 16% to $167 million, while net loss significantly improved by 65% to $(8) million. Adjusted EBITDA saw a substantial 68% sequential rise to $19 million, with margins expanding to 11%. The company also completed the acquisition of Wolf Pack Rentals, LLC, contributing to the results and increasing synergy estimates. KLX Energy Services provided optimistic guidance for the third quarter, expecting revenue between $176 million and $188 million.
Key Highlights
- Revenue for Q2 2026 was $167 million, a 16% increase over Q1 2026.
- Net loss improved by 65% to $(8) million, with diluted loss per share of $(0.41).
- Adjusted EBITDA increased 68% sequentially to $19 million, with an 11% margin.
- Closed the acquisition of Wolf Pack Rentals, LLC on June 2, 2026, recording a $6.5 million bargain purchase gain.
- Q3 2026 revenue guidance is projected between $176 million and $188 million.
- Rocky Mountains segment revenue was $50.8 million, up 31.6% sequentially.
- Southwest segment revenue was $64.5 million, up 20.3% sequentially.
- Total liquidity stood at $53 million, including $8 million in cash and equivalents.
Price Impact
More from KLXE