Here are the 10-Q quarterly reports from KLX Energy Services Holdings, Inc. (KLXE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KLXE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KLXE filings page.
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 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 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.
KLX Energy Services (KLXE) reported a weaker Q3 2025. Revenue was $166.7 million, down 11.8% year over year, as lower activity and pricing weighed on results. The company posted an operating loss of $3.0 million versus income of $1.1 million a year ago, and a net loss of $14.3 million compared with a $8.2 million loss.
For the first nine months, revenue was $479.7 million (down 11.8%), with a net loss of $62.1 million. Cash and equivalents fell to $8.3 million from $91.6 million at year-end, reflecting refinancing and capital spending. KLXE refinanced its capital structure, issuing $232.2 million of 2030 Senior Notes and redeeming 2025 notes, and established a new ABL facility; $40.0 million was drawn as of September 30. Interest expense increased to $11.1 million in Q3. The company remained in compliance with debt covenants.
Segment trends were mixed: Rocky Mountains and Southwest declined, while Northeast/Mid-Con grew. Capital expenditures were $39.7 million year to date. Shares outstanding were 17,838,125 as of October 30, 2025.