Welcome to our dedicated page for KLX Energy Services Holdings SEC filings (Ticker: KLXE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
KLX Energy Services Holdings, Inc. filings document the public-company record for an oilfield-services provider with $0.01 par value common stock listed on the Nasdaq Global Select Market under KLXE. Recent Form 8-K reports furnish quarterly and annual operating results, Regulation FD investor presentations, non-GAAP financial measures and liquidity information tied to the company's asset-based revolving credit facility.
Proxy filings describe annual meeting matters, director elections, certificate-of-incorporation amendment matters affecting board classification, and stockholder voting mechanics. The filing record also identifies governance disclosures, exhibit materials, forward-looking statement cautions and formal reporting of financial results for KLX's U.S. drilling, completion, production and intervention service business.
KLX Energy Services Holdings, Inc. filed an amendment to provide detailed financials for its June 2, 2026 acquisition of certain assets of Wolf Pack Rentals, LLC. Total consideration for the Wolf Pack Acquisition is $16.9 million, including $14.1 million cash at closing, $2.7 million of deferred consideration and a $0.1 million estimated post-closing adjustment.
The amendment furnishes Wolfpack Energy Services, LLC’s audited 2025 results, showing $38.2 million in revenue and a net loss of $1.75 million, with total assets of $24.5 million and liabilities of $13.6 million. Unaudited Q1 2026 results show revenue of $10.2 million and a net loss of $0.9 million.
Unaudited pro forma combined financials for KLX and Wolf Pack indicate 2025 revenue of $674.8 million and a combined net loss of $73.5 million, including a preliminary $6.3 million bargain purchase gain from acquiring net assets above the consideration paid.
KLX Energy Services Holdings reported second-quarter 2026 revenue of $167.3 million, up 5.2% from a year earlier, driven mainly by higher activity in the Southwest and Northeast/Mid-Con regions. The company generated operating income of $2.1 million versus an $8.7 million operating loss in the prior-year quarter, helped by better leverage of fixed costs and a $6.5 million bargain purchase gain from the Wolf Pack Rentals asset acquisition.
Net loss for the quarter narrowed to $8.4 million (basic and diluted loss per share $0.41) from $19.9 million. For the first six months of 2026, revenue was broadly flat at $312.0 million, while net loss improved to $32.4 million from $47.8 million, aided by lower SG&A as a percentage of sales and stronger Northeast/Mid-Con performance.
At June 30, 2026, KLX held $7.9 million of cash and cash equivalents and total debt of $288.9 million, including $254.3 million of 2030 Senior Notes and $56.0 million drawn on its 2028 ABL Facility. Stockholders’ deficit was $102.4 million. Subsequent to quarter-end, the board approved a rights offering backstopped by noteholders, targeting up to $125.0 million of gross proceeds and a $94.0 million reduction in 2030 Senior Notes through debt-for-equity exchange.
KLX Energy Services Holdings, Inc. is launching a $125.0 million rights offering for existing common shareholders, with transferable rights expected to trade under “KLXER.” Each holder as of August 21, 2026 will receive one right per share, and each right allows purchase of 3.885 shares at a $1.49 subscription price. The offering is backstopped up to $94.0 million by holders of the company’s 2030 senior secured notes, who will exchange notes (principal plus accrued interest) for equity, reducing note principal by an expected $94.0 million if fully utilized.
KLX plans to use up to $31.0 million of net cash proceeds for general corporate purposes and any excess to repurchase 2030 Notes at par. An amended and restated indenture for the 2030 Notes will add covenant flexibility, including a reset leverage maintenance schedule stepping down from 4.50:1.00 in Q3 2026 to 3.00:1.00 in Q2 2029, a relaxed leverage incurrence test to 3.00:1.00, a higher $85.0 million basket for purchase money and capital lease debt, and a reduced make-whole premium from 102% to 101%. Ownership caps limit most investors to 9.995% post-offering, while backstop holders are capped at 30.0% on a fully diluted basis.
KLX Energy Services Holdings, Inc. reported stronger second quarter 2026 results, with revenue of $167.3 million, up 15.6% from the first quarter’s $144.7 million on higher seasonal activity. The mix was 52% completion, 23% drilling, 16% production and 9% intervention services.
KLX reduced its net loss to $8.4 million (loss per share $0.41) from $24.0 million, while Adjusted EBITDA rose to $18.7 million from $11.1 million, lifting Adjusted EBITDA margin to 11.2% from 7.7%. A June 2 acquisition of Wolf Pack Rentals contributed $3.4 million of June revenue and generated a $6.5 million bargain purchase gain; management now targets about $2.5 million in annual synergies.
By segment, Adjusted EBITDA was $6.3 million in Rocky Mountains, $7.6 million in Southwest and $12.5 million in Northeast/Mid-Con, partly offset by a corporate Adjusted EBITDA loss of $7.7 million. Liquidity totaled $53.3 million, including $7.9 million of cash and $45.4 million of ABL availability, with Net Debt of $281.0 million. For the third quarter 2026, KLX expects revenue between $176 million and $188 million and anticipates further margin improvement as activity builds; management also plans to discuss a previously announced $125 million backstopped rights offering on its earnings call.
KLX Energy Services Holdings, Inc. furnished an investor presentation outlining its Q1 2026 performance and Q2 outlook. For Q1 2026, the company generated $145 million of revenue and approximately $11 million of Adjusted EBITDA, implying an Adjusted EBITDA margin around the high-single digits.
Results show a 6% revenue decline versus the prior-year quarter and a consolidated net loss, with last-twelve-month revenue of $627 million, net loss of $73 million, and Adjusted EBITDA of $73 million. Total debt was about $276 million, net debt roughly $270 million, and liquidity $48 million as of Q1 2026.
Management provided Q2 2026 revenue guidance of $162–$172 million and expects sequential Adjusted EBITDA margin expansion driven by higher activity and better overhead absorption. The presentation also highlights a diversified U.S. onshore oilfield services platform, recent WolfPack acquisition details, and extensive non-GAAP reconciliations.
KLX Energy Services Holdings, Inc. entered into and closed a $17 million acquisition of the assets of Wolfpack Rentals, LLC. The price includes $14 million paid at closing and two deferred payments of $1.5 million each at six and twelve months, payable in cash or KLX common stock at the company’s discretion, subject to a common stock consideration cap. Wolfpack reported 2025 revenue of $38.2 million and Adjusted EBITDA of $5.8 million, and KLX highlights expected annual synergies of more than $2 million. Separately, KLX exchanged $2.19 million of its Senior Secured Floating Rate Cash / PIK Notes due 2030 for 627,521 shares of common stock, leaving approximately $252.5 million principal amount of these notes outstanding.
KLX Energy Services Holdings, Inc. Schedule 13G/A amendment reports that Cross Ocean Partners-related filing persons beneficially own 745,122 shares of Common Stock, including warrants to purchase 305,438 shares exercisable at $0.01 per share. The stake equals 3.7% based on 19,688,752 shares outstanding as of March 17, 2026. The ownership is reported as of March 31, 2026 and is held indirectly through managed funds; the reporting persons disclaim direct beneficial ownership. The filing is made under a previously executed Joint Filing Agreement.
KLX Energy Services Holdings, Inc. is registering up to $250,000,000 of common stock, preferred stock, debt securities, warrants, units and rights under a shelf prospectus (Subject to completion, dated May 14, 2026).
The prospectus also covers up to 2,175,887 shares of common stock issuable upon exercise of warrants held by selling stockholders for public resale. The company states it will not receive proceeds from sales by the selling stockholders. Shares outstanding were 19,911,759 as of April 30, 2026, and the closing price on May 13, 2026 was $4.27.
KLX Energy Services reported a quarterly net loss of $24.0M for the three months ended March 31, 2026, improving from a $27.9M loss a year earlier. Revenue slipped 6.0% to $144.7M as lower activity and pricing reduced demand across most regions.
Cost of sales fell but rose as a share of revenue to 82.3%, while SG&A dropped to $15.4M, or 10.6% of sales, reflecting cost-control efforts. Operating loss narrowed to $12.1M from $17.7M, helped by lower corporate expenses.
Cash flow from operations turned slightly positive at $0.3M versus a $37.6M outflow a year earlier. The company ended the quarter with $5.6M in cash, $49.0M drawn on its 2028 ABL Facility and $249.5M principal outstanding on 2030 Senior Notes, leaving stockholders’ deficit at $96.1M.