Welcome to our dedicated page for KLX Energy Services Holdings news (Ticker: KLXE), a resource for investors and traders seeking the latest updates and insights on KLX Energy Services Holdings stock.
KLX Energy Services Holdings, Inc. provides diversified oilfield services to onshore oil and natural gas exploration and production companies in conventional and unconventional U.S. basins. Its updates center on drilling, completion, production and intervention activity for technically demanding wells, supported by proprietary products, specialized services, and in-house manufacturing, repair and maintenance capabilities.
Company news commonly covers quarterly and annual results, Adjusted EBITDA and liquidity disclosures, earnings-call schedules, investor conference participation, and management changes. KLX also reports conditions affecting U.S. land drilling, completion and production demand, including commodity-price volatility and oilfield-services activity levels.
KLX Energy Services (KLXE) narrowed its third-quarter 2026 revenue guidance to $180 million to $185 million on September 25.
At the revised midpoint, KLX expects revenue to rise approximately 9% from the second quarter. It projects an adjusted EBITDA margin of 13% to 14%, approximately 200 basis points above the second quarter, and expects adjusted EBITDA to improve by approximately 30% at the midpoint of the guidance range. Adjusted EBITDA is an earnings measure that excludes certain expenses.
KLX says it is benefiting from a full quarter of contribution from the Wolf Pack acquisition and remains on track for the $2.5 million annual synergy target announced in August. The offering period for its $125 million equity rights offering has ended. The guidance reflects estimates, not completed third-quarter financial results.
KLX Energy Services (KLXE) reported preliminary results for its rights offering, which expired September 23, 2026, with $37.2 million in expected gross proceeds.
The company expects to issue 24,975,001 shares at $1.49 per whole share. It expects to use $31.0 million for general corporate purposes, including offering costs, and $6.2 million to redeem 2030 Notes at par plus accrued interest.
Existing noteholders are set to receive approximately 59.3 million shares through a backstop exchange. Upon its completion, the combination of note redemptions and the exchange will reduce outstanding 2030 Notes principal by $94.0 million. Approximately 105.7 million shares are expected to be outstanding after both transactions.
KLX Energy Services Holdings (KLXE) adopted a stockholder rights plan on September 23, 2026, with a 10% ownership trigger. Effective immediately, the plan expires on September 23, 2027, unless the rights are redeemed, exchanged or terminated earlier. The company said it adopted the plan after an investor rapidly accumulated shares and requested to exceed the ownership limit in its rights offering, which expired that day.
Stockholders of record on October 5, 2026, will receive one preferred share purchase right per common share. The rights generally become exercisable when a person or group reaches 10% ownership, or when a holder already at that level acquires another share. If triggered, other rights holders can buy additional common shares at a discount; the triggering holder cannot.
The expired $125 million offering had a 9.995% ownership limit for most participants. Its $94.0 million backstop remains subject to final subscriptions. The company expects the principal of its 2030 notes to fall by $94.0 million upon completion of the related exchange and redemptions.
KLX Energy Services (KLXE) reminds investors that its $125 million backstopped rights offering is scheduled to expire at 5:00 p.m. New York City time on September 23, 2026.
Each subscription right entitles the holder to buy 3.885 shares of common stock at a subscription price of $1.49 per share, subject to a 9.995% beneficial ownership cap for any holder other than the backstop parties. The subscription rights trade on Nasdaq under the symbol KLXER and will trade until the close of trading on the expiration date. Rights that are not exercised before expiration will expire worthless. Holders with shares in brokerage or other nominee accounts may face earlier broker-imposed deadlines and must contact their broker, bank or nominee to exercise.
Centuri Holdings (NYSE: CTRI) announced executive leadership changes, appointing Kelly Youngblood as Executive Vice President and Chief Financial Officer and Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, effective immediately. Youngblood succeeds Gregory A. Izenstark and brings over 30 years of global energy services and industrial distribution experience, including senior roles at DNOW and MRC. Hunter succeeds Jason S. Wilcock and has more than 15 years of public company executive leadership in the energy industry, most recently serving as President of Berry Corporation. According to Centuri, these appointments support its Vision One Centuri transformation and growth strategy.
KLX Energy Services (Nasdaq: KLXE) reported second quarter 2026 revenue of $167.3 million, up 15.6% from first quarter 2026. Net loss narrowed to $8.4 million (basic and diluted loss per share of $0.41) from a $24.0 million loss in the prior quarter.
Adjusted EBITDA was $18.7 million versus $11.1 million in first quarter 2026, lifting Adjusted EBITDA margin to 11.2% from 7.7%. KLX closed the Wolf Pack Rentals acquisition on June 2, 2026, recording a $6.5 million bargain purchase gain; Wolf Pack contributed $3.4 million June revenue, implying a $41 million annual run-rate and an updated synergy estimate of about $2.5 million.
Total liquidity at June 30, 2026 was $53.3 million, including $7.9 million of cash and $45.4 million of revolver availability. Management guided third quarter 2026 revenue to $176–$188 million, with a midpoint of $182 million, and expects further margin expansion as activity increases.
KLX Energy Services (NASDAQ: KLXE) plans a $125 million/b transferable rights offering of common stock to holders of record as of . Each existing share receives one Right, allowing the purchase of 3.885 new shares at $1.49 per share, with no fractional rights or shares issued.
The offering is expected to run from August 24 to September 23, 2026 and rights are expected to trade on Nasdaq as KLXER. Existing holders of KLX’s 2030 Notes will backstop up to $94 million, potentially rising to $125 million, via exchanging notes at par plus accrued interest for stock. According to KLX, this is expected to reduce the 2030 Notes’ principal by $94 million and be accompanied by an amended 2030 Notes indenture that eases leverage covenants and increases certain debt baskets. Net cash proceeds up to $31 million are earmarked for general corporate purposes, with any excess used to repurchase 2030 Notes at par.
KLX Energy Services (NASDAQ: KLXE) will release its 2026 second quarter financial results before a live earnings conference call on Tuesday, August 11, 2026, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). Investors can access the call by dialing 1-201-389-0867 and requesting the KLX call at least 10 minutes before start time, or via live webcast at the company’s investor events page: https://investor.klx.com/events-and-presentations/events.
A telephone replay will be available through August 25, 2026 at 1-201-612-7415 using passcode 13761897#, and an archived webcast will remain online for 90 days. According to KLX, questions for management should be submitted in advance by email to KLXE@dennardlascar.com.
KLX Energy Services (NASDAQ:KLXE) is acquiring the assets of Wolfpack Rentals for $17 million, including $14 million at closing and two $1.5 million deferred payments. Wolfpack generated 2025 revenue of $38.2 million and Adjusted EBITDA of $5.8 million.
The deal is expected to be immediately accretive on all financial metrics, with over $2 million in anticipated annual synergies. Wolfpack adds about 350 accommodations trailers, 14 proprietary water filtration systems, and broad surface rental offerings across four major U.S. operating areas.
KLX Energy Services (Nasdaq: KLXE) reported first quarter 2026 revenue of $144.7 million, down 6% year over year, with a net loss of $24.0 million and Adjusted EBITDA of $11.1 million (7.7% margin).
Total liquidity was $47.7 million. Northeast/Mid-Con revenue grew 28%, while Rocky Mountains and Southwest declined. KLX forecast second quarter 2026 revenue of $162–$172 million, with a midpoint 5% above second quarter 2025 and about $22 million above first quarter 2026.