KLX Energy Services Holdings, Inc.

KLX Energy Services Holdings, Inc. announced the completion of its acquisition of substantially all assets of Wolf Pack Rentals, LLC for a total consideration of $17 million. The purchase price includes $14 million paid at closing and two deferred payments of $1.5 million each, payable in cash or KLX common stock at the company's discretion. Wolfpack generated $38.2 million in revenue and $5.8 million in Adjusted EBITDA in 2025, with KLX anticipating over $2 million in annual synergies. Additionally, KLX reported completing debt for equity exchanges totaling $2.19 million in principal amount.

KLX Energy Services Holdings, Inc. amended its 2030 Senior Notes Indenture on March 6, 2026, securing financial covenant relief including an extension for the maximum total net leverage ratio and a temporary holiday for capital lease obligations. For the three months ended March 31, 2026, the company reported a net loss of $(24.0) million, an improvement from $(27.9) million in the prior year period. Revenues decreased by 6.04% to $144.7 million, while operating loss improved to $(12.1) million from $(16.5) million. The company was in compliance with its debt covenants as of March 31, 2026.

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.

KLX Energy Services Holdings, Inc. included a comprehensive forward-looking statement disclaimer as part of its Q4 2025 company presentation. The statement outlines various risks and uncertainties that could cause actual results to differ materially from expectations, including factors such as declining demand for services, commodity price volatility, inflation, interest rate increases, and geopolitical conflicts. This standard disclosure serves to caution investors about the inherent unpredictability of future performance and the reliance on current expectations and assumptions, without providing specific financial results or operational updates.