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. reported Q3 2026 revenue of $185.6 million, an 11% increase from Q3 2025. Adjusted EBITDA was $24.9 million, compared with $21.1 million a year earlier, while consolidated net loss was $15.5 million, versus $14.3 million.
Management provided Q4 2026 revenue guidance of $172 million to $184 million. As of September 30, 2026, the company reported $5 million of cash, $78 million of total liquidity, $188 million of total debt and $183 million of net debt. Q3 levered free cash flow was negative $4.1 million.
The pro forma capital structure shows a $125 million transaction adjustment to net debt; pro forma net debt was $190 million based on the September 30, 2026 balance sheet, compared with pre-transaction net debt of $302 million as of June 30, 2026. KLX's WolfPack acquisition involved $17 million in total consideration, including $14 million paid at closing and $3 million deferred in cash or KLX stock. The presentation projects $2.5 million or more in fixed-cost synergies over the next twelve months, with the majority projected in the first six months.
KLX Energy Services Holdings, Inc. (KLXE) completed its acquisition of certain assets owned by Wolf Pack Rentals, LLC on June 2, 2026, for a purchase price of $16.7 million, subject to customary post-closing adjustments. KLX paid $14.1 million at closing. Two deferred payments of $1.5 million each are due 180 and 360 days after closing and may be paid in cash or KLX common stock at the buyer’s sole discretion; their stated net present value is $2.7 million.
The unaudited pro forma combined statement for the nine months ended September 30, 2026, assumes the acquisition was completed on January 1, 2025. It reports revenue of $514.6 million, a net loss of $55.7 million, and net loss per basic and diluted common share of $2.67. These figures are illustrative and do not represent actual results for the period.
KLX expects to finalize its preliminary purchase-price allocation by the second quarter of 2027. The final fair values and purchase-price adjustments remain subject to revision, which could be material.
A proposed sale notice covering 120,000 common shares of KLX Energy Services Holdings, Inc. identifies former director Thomas P. McCaffrey as the selling person, with an approximate sale date of November 10, 2026. The stated aggregate market value is $138,000, and UBS Financial Services Inc. is named as broker. The listed compensation acquisitions were 100,569 shares on July 28, 2020, 15,000 shares on December 6, 2019, and 4,431 shares on September 17, 2018. McCaffrey's former-director status is stated as following a resignation on October 31, 2026. Joseph Cassidy signed for UBS Financial Services Inc. as attorney-in-fact for McCaffrey.
KLX Energy Services Holdings, Inc. (KLXE) identifies director Franklin S. Edmonds Jr. in an initial ownership statement that reports no securities beneficially owned.
KLX Energy Services Holdings, Inc. reported third-quarter 2026 revenue of $185.6 million, up from $166.7 million a year earlier, while net loss was $15.5 million versus $14.3 million. Operating income was $1.9 million, compared with an operating loss of $3.0 million. For the first nine months, revenue was $497.6 million versus $479.7 million, and net loss narrowed to $47.9 million from $62.1 million. Operating cash flow was $17.5 million, compared with $5.0 million used in the prior-year period.
The company completed its rights offering on September 29, selling 24,975,001 shares at $1.49 each for $37.2 million in gross proceeds; it used $31.0 million for general corporate purposes and $6.2 million to redeem 2030 notes. In a separate backstop exchange, it issued 59,273,445 shares for notes. As of October 13, outstanding principal on the 2030 Senior Notes had been reduced by $94.0 million through redemptions and the exchange. On September 30, the company had $5.0 million in cash and $73.4 million available under its 2028 ABL Facility, and reported compliance with 2030 note covenants. It also completed the $16.7 million Wolf Pack asset acquisition in June.
KLX Energy Services Holdings, Inc. (KLXE) reported third-quarter 2026 revenue of $185.6 million, up 10.9% from the second quarter. Net loss was $15.5 million, compared with $8.4 million in Q2, while adjusted net loss was $10.1 million versus $13.2 million. Adjusted EBITDA increased 33% sequentially to $24.9 million, with a 13.4% margin versus 11.2%. Each geographic segment posted sequential revenue growth.
The Backstopped Rights Offering closed on September 29, 2026, converting $87.8 million of debt to equity and receiving $37.2 million in new equity purchases; $6.2 million was used after quarter-end to redeem additional debt. KLXE ended September 30, 2026, with $78.4 million in liquidity, including $5.0 million of cash and $73.4 million of 2028 ABL Facility availability. Net cash provided by operating activities was $6.7 million, compared with $10.5 million in Q2. Fourth-quarter revenue is expected to be $172 million to $184 million, representing approximately 14% growth over the prior-year period at the midpoint.
KLX Energy Services Holdings, Inc. (KLXE) clarified that independent directors Franklin S. Edmonds, Jr. and E. Dirk Hallen were appointed under a rights offering backstop agreement. The agreement gives Cross Ocean Partners Management LP and Whitebox Advisors LLC the right to designate one director each, subject to review by the Nominating and Corporate Governance Committee; Cross Ocean designated Edmonds and Whitebox designated Hallen. The company states there are no other arrangements or understandings related to their appointments.
KLX Energy Services Holdings, Inc. appointed Franklin S. Edmonds, Jr. and E. Dirk Hallen as independent directors, effective October 29, 2026. They succeed John Collins and Tom McCaffrey, whose departures from the Board were effective immediately. Edmonds joins the Audit Committee, Hallen joins the Compensation Committee, and both join the Nominating and Corporate Governance Committee.
Edmonds and Hallen will receive the standard non-employee director compensation. KLX stated that Collins and McCaffrey’s departures were not due to any disagreement with the company regarding its operations, policies or practices.
KLX Energy Services Holdings, Inc. (KLXE) amended a Form 3 to correct GG Managers LLC’s relationship to the issuer: GG Managers is a 10% owner, not a director. The amendment leaves the original Table I information and footnotes unchanged. Five managed funds directly beneficially own 22,495,104 common shares in aggregate; Cross Ocean Partners Management LP, Cross Ocean Partners Management GP, LLC, GG Managers LLC and Graham C. Goldsmith may each be deemed indirect beneficial owners, subject to the stated disclaimers.
KLX Energy Services Holdings, Inc. (KLXE) reports that five managed funds directly beneficially own 22,495,104 common shares as of September 29, 2026. Cross Ocean Partners Management LP has delegated authority relating to the funds; Cross Ocean Partners Management GP, LLC, GG Managers LLC, and Graham C. Goldsmith may also be deemed indirect beneficial owners. Each is listed as a 10% owner, and GG Managers LLC is also listed as a director. The reporting persons disclaim beneficial ownership of securities held by the others except to the extent of any pecuniary interest.