KLX Energy (NASDAQ: KLXE) details Q1 2026 results, leverage and Q2 guidance
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q1 2026 Revenue: $145 million
Q1 2026 Adjusted EBITDA: $11.1 million
LTM Revenue: $627 million
+5 more
8 metrics
Q1 2026 Revenue
$145 million
Quarterly revenue, Q1 2026, down 6% year over year
Q1 2026 Adjusted EBITDA
$11.1 million
Adjusted EBITDA for Q1 2026 with margin around 7.7–8%
LTM Revenue
$627 million
Last-twelve‑month revenue as of Q1 2026
LTM Net Loss
$73 million
Last-twelve‑month net loss as of Q1 2026
LTM Adjusted EBITDA
$73 million
Last-twelve‑month Adjusted EBITDA as of Q1 2026
Total Debt
$276 million
Total debt as of March 31, 2026
Net Debt
$270 million
Net Debt equals total debt less cash and cash equivalents as of Q1 2026
Q2 2026 Revenue Guidance
$162–$172 million
Management revenue guidance for Q2 2026
Key Terms
Adjusted EBITDA, levered free cash flow, Net Debt, non-GAAP financial measures, +2 more
6 terms
Adjusted EBITDA financial
"Adjusted EBITDA was approximately $11MM and LTM Adjusted EBITDA $73MM."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
levered free cash flow financial
"This presentation includes Adjusted EBITDA, Adjusted EBITDA margin, levered free cash flow, unlevered free cash flow and net debt measures."
Levered free cash flow is the cash a company has left after paying all operating costs, taxes, interest and required debt repayments — essentially the money truly available to shareholders. For investors it matters because it shows whether a business can afford dividends, share buybacks, reinvestment or can weather a downturn after meeting its loan obligations; think of it like a household’s leftover money once the mortgage and other mandatory bills are paid.
Net Debt financial
"We define Net Debt as total debt less cash and cash equivalents."
Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.
non-GAAP financial measures financial
"Each of the metrics are “non-GAAP financial measures” as defined in Regulation G of the Securities Exchange Act of 1934."
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
ABL Facility financial
"Adjusted EBITDA is used to calculate the Company’s leverage ratio, consistent with the terms of the Company’s ABL Facility."
An ABL facility is a line of credit where a company borrows money using its current assets—like accounts receivable, inventory or equipment—as the primary form of security. It works like a home equity line but tied to business assets: the more valuable and easily sold those assets are, the more the company can borrow. Investors watch ABLs because they affect a company’s liquidity, borrowing capacity and financial flexibility, and because repayments depend on the condition and turnover of the underlying assets.
Caa1 financial
"Credit metrics: Moody’s rating Caa1"
Earnings Snapshot
Revenue: $145 million · Guidance included
Q1 2026
Revenue
$145 million
-6% year over year
Adjusted EBITDA
$11.1 million
Q1 2026 quarterly Adjusted EBITDA
Adjusted EBITDA margin
around 8%
Sequential expansion expected in Q2 2026
Guidance
Q2 2026 revenue guidance of $162–$172 million with expected Adjusted EBITDA margin expansion.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM | ||||||||
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2026
_____________________
(Exact name of registrant as specified in its charter)
_____________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of Principal Executive Offices) | ||||||||
( (Registrant’s Telephone Number, Including Area Code) | ||||||||
_____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | |||||
Trading | Name of each exchange | |||||||||||||
Title of each class | symbol(s) | on which registered | ||||||||||||
_____________________
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item 2.02 Results of Operations and Financial Condition.
The information in Item 7.01 below is hereby incorporated by reference into this Item 2.02.
Item 7.01 Regulation FD Disclosure.
Furnished as Exhibit 99.1 and incorporated by reference into this Item 7.01 in its entirety is a copy of a presentation that may from time to time be presented by KLX Energy Services Holdings, Inc. (the “Company”) to analysts and investors. The Company also posted the presentation to its website at https://investor.klx.com/events-and-presentations.
The information contained in, or incorporated into, these Items 2.02 and 7.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference to such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | ||||||||
| No. | Description | |||||||
| 99.1 | Presentation by the Company to investors.* | |||||||
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document). | |||||||
_____________________
*Furnished herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| KLX Energy Services Holdings, Inc. | ||||||||
| By: | /s/ Geoffrey C. Stanford | |||||||
| Name: | Geoffrey Stanford | |||||||
| Title: | Senior Vice President, Interim Chief Financial Officer and Chief Accounting Officer | |||||||
| Date: | ||||||||
Q1 2026 1 Company Presentation
Forward-Looking Statements Cautionary Statement on Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. This presentation includes forward-looking statements that reflect our current expectations, projections and goals relating to our future results, performance and prospects. Forward-looking statements include all statements that are not historical in nature and are not current facts. When used in this presentation, the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “might,” “should,” “could,” “will” or the negative of these terms or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events with respect to, among other things: our operating cash flows; the availability of capital and our liquidity; our ability to renew and refinance our debt; our future revenue, income and operating performance; our ability to sustain and improve our utilization, revenue and margins; our ability to maintain acceptable pricing for our services; future capital expenditures; our ability to finance equipment, working capital and capital expenditures; our ability to execute our long-term growth strategy and to integrate our acquisitions; our ability to successfully develop our research and technology capabilities and implement technological developments and enhancements; and the timing and success of strategic initiatives and special projects. The Company’s actual experience and results may differ materially from the experience and results anticipated in such statements. Forward-looking statements are not assurances of future performance and actual results could differ materially from our historical experience and our present expectations or projections. Although we believe the expectations and assumptions reflected in these forward-looking statements are reasonable as and when made, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all). Our forward-looking statements involve significant risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Known material factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, risks associated with the following: a decline in demand for our services, declining commodity prices, overcapacity and other competitive factors affecting our industry; the cyclical nature and volatility of the oil and gas industry, which impacts the level of exploration, production and development activity and spending patterns by oil and natural gas exploration and production companies; a decline in, or substantial volatility of, crude oil and gas commodity prices, which generally leads to decreased spending by our customers and negatively impacts drilling, completion and production activity; inflation; increases in interest rates; the ongoing conflict in Ukraine and its continuing effects on global trade; the on-going conflict in Israel; supply chain issues; and other risks and uncertainties listed in our filings with the U.S. Securities and Exchange Commission, including our Current Reports on Form 8-K that we file from time to time, Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. Readers are cautioned not to place undue reliance on forward- looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by law. Disclaimer on Non-GAAP Financial Measures This presentation includes Adjusted EBITDA, Adjusted EBITDA margin, levered free cash flow, unlevered free cash flow and net debt measures. Each of the metrics are “non-GAAP financial measures” as defined in Regulation G of the Securities Exchange Act of 1934. Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. Adjusted EBITDA is not a measure of net earnings or cash flows as determined by GAAP. We define Adjusted EBITDA as net earnings (loss) before interest, taxes, depreciation and amortization, further adjusted for (i) long-lived asset impairment charges, (ii) stock-based compensation expense, (iii) restructuring charges, (iv) transaction and integration costs related to acquisitions, and (v) other expenses or charges to exclude certain items that we believe are not reflective of the ongoing performance of our business. Adjusted EBITDA is used to calculate the Company’s leverage ratio, consistent with the terms of the Company’s ABL Facility. We believe Adjusted EBITDA is useful because it allows us to supplement the GAAP measures in order to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure. We exclude the items listed above in arriving at Adjusted EBITDA because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income as determined in accordance with GAAP, or as an indicator of our operating performance or liquidity. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDA. Our computations of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA margin is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. Adjusted EBITDA margin is not a measure of net earnings or cash flows as determined by GAAP. Adjusted EBITDA margin is defined as the quotient of Adjusted EBITDA and total revenue. We believe Adjusted EBITDA margin is useful because it allows us to supplement the GAAP measures in order to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure, as a percentage of revenues. We define Unlevered Free Cash Flow as net cash provided by operating activities less capital expenditures and proceeds from sale of property and equipment and other proceeds plus cash interest expense. We define Levered Free Cash Flow as net cash provided by operating activities less capital expenditures and proceeds from sale of property and equipment and other proceeds. Our management uses Unlevered and Levered Free Cash Flow to assess the Company’s liquidity and ability to repay maturing debt, fund operations and make additional investments. We believe that each of Unlevered and Levered Free Cash Flow provide useful information to investors because it is an important indicator of the Company’s liquidity, including its ability to reduce Net Debt and make strategic investments. We define Net Debt as total debt less cash and cash equivalents. We believe that Net Debt provides useful information to investors because it is an important indicator of the Company’s indebtedness. We define Adjusted SG&A margin as the quotient of selling, general and administrative expenses, adjusted for one-time costs and non-cash compensation, and revenues. We believe that Adjusted SG&A margin provides useful information to investors to understand and evaluate the non- core cost structure of the Company, excluding non-recurring costs. We define Consolidated net (loss) income margin as the quotient of consolidated net (loss) income and total revenue. We define Segment operating (loss) income margin as the quotient of segment operating (loss) income and segment revenue. We believe that Consolidated net (loss) income margin and Segment operating (loss) income margin provide useful information to investors to understand and evaluate core operating performance and trends across fiscal periods. Additional information is available on our website, www.klx.com. KLX Energy Services 2
3 NEXT LEVEL READINESS KLX Energy Services is a leading U.S. onshore provider of value-added, technologically-differentiated oilfield services focused on drilling, completion, intervention and production activities for the most technically demanding wells. NASDAQ KLXE Headquartered in Houston, TX Employees ~1,570 LTM Revenue $627MM LTM Net Loss $73MM LTM Adjusted EBITDA $73MM Results reflect Q1 2026 LTM results and headcount is as of March 31,2026; LTM Adjusted EBITDA is a non-GAAP measure. For a reconciliation to the comparable GAAP measure, see Appendix.
KLX Energy Services 4 KLX Energy Services At A Glance As of Q1 2026. Company disclosure. 1 Equity market cap per NASDAQ as of Jun. 17, 2026. 2 Adjusted EBITDA is a non-GAAP measure. For a reconciliation to the comparable GAAP measure, see Appendix. 3 Excludes WolfPack assets COMPANY OVERVIEW DIVERSIFIED BUSINESS MODEL Leading U.S. onshore provider of technologically-differentiated, mission critical services for the full life-cycle of technically demanding wells across major US oil and gas basins ~1,570 total team members, including a deeply experienced ops leadership team with an average of 30+ years of industry experience and 10+ years with KLX 40 patents supporting proprietary products and services Vertical integration with in-house machining and R&D Long-standing relationships with blue-chip customer base Platform created through combination of organic and inorganic growth Rockies 27% Southwest 37% Northeast / Mid-Con 36% Q1’26 Revenue by Segment Rockies $39 Southwest $54 Northeast / Mid-Con $52 Total revenue $145 COMPANY HIGHLIGHTS DIVERSIFIED PRODUCT OFFERING Market valuation: ($mm) KLXE Equity market cap1 $53 Enterprise value $323 Multiples: Metrics EV / LTM revenue $627 0.5x EV / LTM Adj. EBITDA2 $73 4.4x EV / LQA Adj. EBITDA2 $44 7.3x Credit metrics: Moody’s rating Caa1 Number of employees: ~1,570 Drilling (20% revenue) 95 measurement-while-drilling kits 470+ latest gen mud motors Leading team of Directional Drillers and MWD techs 400+ accommodation trailers (split with Completion)3 Completion (54% revenue) 18 modern, large-diameter Coiled Tubing Units 47 Wireline Units (split with Production) 150+ Frac Trees and 50+ Guardian Isolation Tools 200,000+ frac horsepower (2 spreads staffed and operating) Suite of proprietary tools & consumables Flowback and testing services Production & Intervention (26% revenue) Leading fleet of fishing and rentals tools Leading fleet of 1,000+ rental BOPs 21 small diameter (2’’ or less) Coiled Tubing Units 30+ rig-assisted Snubbing Units Downhole production services
5 Provide market leading onsite job execution and safety Drive margin enhancing utilization Focus on pricing and cost structure to drive margins Expand share of wallet with top customers Continue to de-lever through a combination of EBITDA growth, free cash flow generation, debt reduction and consolidation Expand integrated suite of proprietary technology and products Expand certain product service lines ("PSLs") geographically Continue to redeploy and expand our asset base in certain PSLs as returns warrant Believe KLX is the partner of choice for consolidation Maximize long-term shareholder value via synergistic consolidation WolfPack’s acquisition is another win-win transaction, which provides a conduit to liquidity for exceptional private oil service businesses Operational Excellence Augment Balance Sheet Strength Technology & Organic Growth Consolidation KLX Energy Services Strategic Focus
6 Recent Acquisition Case Study 2025 Adjusted EBITDA1 $6MM 2025 Revenue $38MM Total Consideration $17MM Accommodations Trailers Acquired ~350 2025 Net Income $1MM Fixed Cost Synergies $2MM+ Figures shown on this page are with respect to WolfPack 1 2025 Adjusted EBITDA is per WolfPack management reporting
KLX Energy Services 7 Recent Acquisition Case Study - WolfPack TRANSACTION OVERVIEW $17MM purchase price, out of which $14MM paid at closing and $3MM deferred payment in either cash or KLX stock Initial $14MM funding from three funding sources: Three-year term capital lease line of $10MM with $7MM drawn at close providing for $3MM of incremental growth capital $6MM of contributed A/R wrapped into KLX ABL at close provided funding of $5.4MM $800,000 of cash from balance sheet $5.8MM 2025 WolfPack management-reported Adjusted EBITDA FMV of assets per appraisal of $22MM+ ASSETS & INTELLECTUAL PROPERTY ~350 trailers (crew quarters, mobile offices) 90+ guard trailers, cooling trailers, first-aid/safety trailers, shower/laundry trailers 500+ LTE cell towers & boosters, intercom systems, media peripherals, VoIP lines, satellite connect 180+ generators, self-contained light towers, portable transformers 5 solar surveillance trailers with live monitoring capability and app-enabled alerts & control Mobile drinking water plant, conventional water storage, mobile wastewater recycling plant Water filtration system intellectual property rights 1,600+ portable toilets, handwashing stations, trash collection & hauling, conventional sewage tanks 8 forklifts, mini excavators, man lifts, specialized material movers SYNERGIES & INDUSTRIAL LOGIC $2MM+ fixed cost synergies projected to be realized in the next twelve months, with the majority of savings realized in the first six months Ability to eliminate three overlapping locations Adds scale in East Texas/Louisiana Doubles pro-forma South Texas revenue Potential cross-sell and drive pro-forma cost structure enhancements Adds two new basins; West Texas and Northeast where KLX has existing relationships Scale drives asset rotation efficiency High-quality customer base GEOGRAPHIC FOOTPRINT
KLX Energy Services 8 Recent Acquisition Case Study - WolfPack Single-source provider of surface rentals – offering seamless, sustainable jobsite solutions . Temporary Workforce Housing & Offices Custom Structures Communications & connectivity Surveillance & security Power generation & lighting Water systems & sanitation services
Performance culture KPI tracking / data-driven decision making Veteran operators Technical expertise Alignment of incentives KLX Energy Services 9 Rigorous maintenance program Minimize downtime Comprehensive suite of equipment and tool sizes across all PSLs Employees value safe, professional field operations Strong interdependent safety culture and track record of strong safety metrics afford KLX the opportunity to work for the largest operators A Transformed KLX Long-term relationships with blue-chip customers Strong visibility into drilling and completion programs Significant operating leverage Return on capital focus People Performance Asset Integrity Safety Customer Focus Profitability
KLX Energy Services 10 Areas of Operation Revenue contribution based on Q1 2026 results. 1 Gas contribution includes Haynesville and Marcellus activity as primary dry gas exposure Headquarters Technology Center Southwest Operation Facilities Rockies Operation Facilities Northeast / Mid-Con Operation Facilities Rockies 27% Northeast/Mid-Con 36% Southwest 37% YTD 2026 REVENUE SPLIT BY COMMODITY1 Oil 81% Natural Gas 19%
KLX Energy Services 11 Diversified & Complementary Product Service Offering Diversified product service offering positions KLX to capture a larger percentage of customer spending across the lifecycle Refocused product service offering across core geographies to improve scale, utilization and returns 1 MWD, proprietary K-Series mud motor, directional electronics and other modulesDirectional Drilling Pressure Pumping Accommodations Coiled Tubing Other Completion Products & Services Tech Services Rentals Living accommodations, water & sewage services, light plants, generators and other 1-1/4” to 2-5/8” coiled tubing units Acidizing, cement, frac Wireline, flowback, frac valve rental, proprietary composite & dissolvable plugs and other proprietary products Fishing tools & services, thru tubing, reverse units and snubbing API certified BOPs, pressure control equipment, tubulars, torque and testing and pipe handling Q1 2026 Revenue Market Leader Rockies Southwest Northeast/ Mid-Con Select Products & Services 11% 8% 17% 16% 17% 14% 17%
Wide range of well construction equipment spanning a variety of sizes and configurations HPHT float equipment Latch-in plugs and wiper plugs Centralizers 2-stage cement tools and annular casing packers Liner hanger systems Proprietary MWD tool design and packaging Proprietary surface system SHRIMPTM – Slim High-Res Inertial Measurement Probe Mud Motor – proprietary lower end and in-house manufacturing Fleet of open-hole fishing tools KLX Energy Services 12 Directional Drilling Well Construction Completions Production Composite and PhantM dissolvable frac plugs Retrievable packers and bridge plugs Proprietary Oracle SRT Extended Reach Tool (“ERT”) (Two patents issued and two patents pending) Proprietary and patented PDC bearing mud motor Suite of Whisper Series electric Wireline, Snubbing and Coiled Tubing equipment Production packers Packer tubing accessories Service tools for remedial and workover, including squeeze, cement, swab testing, etc. Extensive inventory and comprehensive suite of specialized fishing tools Technological Differentiation Drives Operational Efficiencies
KLX Energy Services 13 In-House R&D Capability Supports Continuous Improvement KLX recently introduced its revolutionary VISION suite of Downhole Completion tools, delivering advanced engineering and customized solutions for downhole operators Engineering Breadth Dedicated R&D facility focusing primarily on: — Downhole products and solutions — Technical services support — Extended reach applications Product Design KLX engineers are continuously designing innovative, value-added products as highlighted with our VISION suite of Downhole tools Collaborative Engineering Frac rentals innovation Engineering team works closely with product line technical personnel and operators to fully understand operational challenges Experienced Engineers Dedicated engineers supporting the R&D effort across the organization In-house R&D team works closely with operators to create, new value-added innovations that help minimize Non- Productive Time (NPT) and streamline operations “KLX has a legacy of providing lasting results for the most challenging operations. By continually listening to our customers; investing in product innovation; and empowering our team of experts, KLX embodies its mantra of, “Next Level Readiness.” – John Horgan, VP Operations, KLX Improved Efficiency Converts fluid flow into bit rotation and allows KLX to drill/mill up plugs and debris Extended Reach Tool Offers unique way to resolve long lateral issues Setting the Standard Dissolvable frac plugs that are highly engineered to exceeds industry standards Pump at Faster Rates Mud lube bearings that allows KLX to meet operators’ desire to pump at increasing rates Optimum Efficiency Works in conjunction with KLX’s downhole thru tubing motor system as a smarter solution Reduce Lost Time Minimizes the need for interventions with highly engineered design Long Lateral Solution Offers the capability to handle long laterals Full Data Capabilities Captures important data to make quicker decisions Reduce Failures Dissolvable plugs lower NPT and failures due to higher quality fabrication
14 KLX Energy Services KLX – The Choice of Top Operators Revenue driven by top 10 customers in 2025 Significant leverage to and long-term relationships with the most active operators and industry consolidators ~550 45% Unique customers serviced in 2025 with no one customer accounting for more than 10% of 2025 revenue
Source: Company & Baker Hughes. Maintaining Market Share US Land Rig Count and KLX Quarterly Revenue per Rig Count
Source: Company & Baker Hughes. Significant Operating Leverage US Land Rig Count and KLX Quarterly Adj EBITDA per Rig Count
KLX Energy Services 17 Cycle-tested Leadership Team Chris Baker CEO 30+ years of industry experience Co-founded and COO of QES Managing Director – Oilfield Services for Quintana Energy Partners Citigroup Global Markets Inc. BS in Mechanical Engineering from Louisiana State University MBA from Rice University Geoff Stanford Interim CFO 25+ years of industry experience Served as QES CAO from 2018 to 2020 KLX CAO since the QES Merger in 2020 BS in Accounting and Finance from Louisiana State University MBA from Tulane University Licensed Certified Public Accountant in Texas and Louisiana Max Bouthillette CCO & GC 30+ years of industry experience Served as QES executive VP, General Counsel and CCO since IPO Previously served in executive and leadership roles with Archer, BJ and SLB BBA in Accounting from Texas A&M JD from the University of Houston John Horgan VP, Ops 35+ years of industry experience Previously led QES completion and production services US and International leadership roles over 20+ years with Halliburton BS from University of Texas
18 Capitalization & Leverage Profile Maturity 2025 ABL Facility Maturity Mar. 2028 Cash $6MM Liquidity $48MM Total Debt $276MM Net Debt1 $270MM Senior Notes Maturity Mar. 2030 As of Q1 2026. Company disclosure. 1 We define Net Debt as total debt less cash and cash equivalents. As of March 31, 2026, total debt was $275.8MM and cash and cash equivalents were $5.6MM.
KLX Energy Services 19 Q1 2026 Summary & Q2 2026 Guidance Q2 revenue guidance of $162MM-$172MM We expect Adjusted EBITDA margin to expand sequentially, driven by higher activity and better overhead absorption Q2 2026 GUIDANCE (AS DISCLOSED IN EARNINGS RELEASE ON MAY 12, 2026) Q1 2026 SUMMARY $145MM of Revenue decreased 6% from last year's first quarter Adjusted EBITDA was approximately $11MM Adjusted EBITDA Margin of 8% Cash and liquidity of $6MM and $48MM, respectively Total Debt of $276MM
$7 $10 $8 $7 $2$12 $7 $5 $7 $5 $3 $7 $15 $15 $11 ($7) ($6) ($7) ($6) ($7) $14 $19 $21 $23 $11 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Rockies Southwest Northeast / Mid-Con Corporate & Other KLX Energy Services 20 KLX Financial Summary REVENUE ($MM) LEVERED FREE CASH FLOW1,2 ($MM) ADJUSTED EBITDA1 ($MM) UNLEVERED FREE CASH FLOW1,2 ($MM) 1 Adjusted EBITDA, Adjusted EBITDA margin, levered free cash flow and unlevered free cash flow are non-GAAP measures. For a reconciliation to the comparable GAAP measures, see Appendix. 2 Q1 2025 free cash flow has been adjusted pro forma for $33 million of March 2025 Senior Notes and ABL refinancing costs, working capital normalization and seasonality. ($15) $8 $6 $9 ($5) Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 9% 14%12% 13% $48 $54 $51 $46 $39 $65 $59 $57 $51 $54 $41 $46 $59 $60 $53 $154 $159 $167 $157 $145 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Rockies Southwest Northeast / Mid-Con Adjusted EBITDA margin1 8% ($5) $12 $11 $15 ($1) Q1'25 Q2'25 Q3'25 Q4'25 Q1'26
21 Corporate Headquarters 3040 POST OAK BLVD 15th Floor Houston, TX 77056 Investor Relations Geoffrey C. Stanford, SVP, Interim CFO & CAO (832) 930-8066 IR@klx.com
Appendix 22
KLX Energy Services 23 Reconciliation of Consolidated Net (Loss) Income to Adjusted EBITDA (Loss) *Previously announced quarterly numbers may not sum to the year-end total due to rounding. (1) Quarterly cost of sales includes lease expense associated with five coiled tubing unit leases of $2.1 million in Q1 ‘21 through Q3 ‘23 and $2.0 million in Q4 ‘23. (2) The one-time costs during the first quarter of 2026 relate mainly to legal costs, facility costs and other. (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 (2) Consolidated net (loss) income (1) $ (19.9) $ (7.5) $ 11.1 $ 13.2 $ 9.4 $ 11.4 $ 7.6 $ (9.2) $ (22.2) $ (8.0) $ (8.2) $ (14.7) $ (27.9) $ (19.9) $ (14.3) $ (15.0) $ (24.0) Income tax expense (benefit) 0.1 0.2 0.3 — 0.2 (0.3) 0.3 2.8 0.2 0.2 0.2 — 0.2 0.2 0.2 0.2 0.2 Interest expense, net 8.3 8.7 9.0 9.0 9.3 8.5 8.5 8.4 8.9 9.2 9.1 9.7 10.0 11.0 11.1 12.6 11.7 Loss on debt extinguishment — — — — — — — — — — — — 1.2 — — — — Operating (loss) income (11.5) 1.4 20.4 22.2 18.9 19.6 16.4 2.0 (13.1) 1.4 1.1 (5.0) (16.5) (8.7) (3.0) (2.2) (12.1) Bargain purchase gain — — — — (3.2) 1.2 0.1 — — — — — — — — — — Impairment and other charges — — — — — — — — — 0.1 — — — — — — — One-time costs (benefits), excluding impairment and other charges 2.0 1.2 1.7 (0.5) 5.3 0.5 0.5 0.5 2.3 1.4 1.8 1.6 4.8 2.9 0.3 0.5 1.0 Adjusted operating (loss) income (9.5) 2.6 22.1 21.7 21.0 21.3 17.0 2.5 (10.8) 2.9 2.9 (3.4) (11.7) (5.8) (2.7) (1.7) (11.1) Depreciation and amortization 13.7 14.0 14.2 14.9 16.5 17.6 18.9 19.8 21.9 23.1 23.9 25.1 24.7 23.7 23.2 23.7 21.9 Non-cash compensation 0.7 0.8 0.8 0.7 0.7 0.8 0.8 0.7 0.9 1.0 1.0 1.0 0.8 0.6 0.6 0.5 0.3 Adjusted EBITDA (loss) $ 4.9 $ 17.4 $ 37.1 $ 37.3 $ 38.2 $ 39.7 $ 36.7 $ 23.0 $ 12.0 $ 27.0 $ 27.8 $ 22.7 $ 13.8 $ 18.5 $ 21.1 $ 22.5 $ 11.1
KLX Energy Services 24 Consolidated Net (Loss) Income Margin and Consolidated Adjusted EBITDA Margin Reconciliations (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Net (loss) income…..….. $(19.9) $(7.5) $11.1 $13.2 $9.4 $11.4 $7.6 $(9.2) $(22.2) $(8.0) $(8.2) $(14.7) $(27.9) $(19.9) $(14.3) $(15.0) $(24.0) Revenue…………………… 152.3 184.4 221.6 223.3 239.6 234.0 220.6 194.2 174.7 180.2 188.9 165.5 154.0 159.0 166.7 156.8 144.7 Consolidated net (loss) income margin percentage…………….. (13.1)% (4.1)% 5.0% 5.9% 3.9% 4.9% 3.4% (4.7)% (12.7)% (4.4)% (4.3)% (8.9)% (18.1)% (12.5)% (8.6)% (9.6)% (16.6)% Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Adjusted EBITDA…..…… $4.9 $17.4 $37.1 $37.3 $38.2 $39.7 $36.7 $23.0 $12.0 $27.0 $27.8 $22.7 $13.8 $18.5 $21.1 $22.5 $11.1 Revenue…………………… 152.3 184.4 221.6 223.3 239.6 234.0 220.6 194.2 174.7 180.2 188.9 165.5 154.0 159.0 166.7 156.8 144.7 Consolidated Adjusted EBITDA margin percentage…………….. 3.2% 9.4% 16.7% 16.7% 15.9% 17.0% 16.6% 11.8% 6.9% 15.0% 14.7% 13.7% 9.0% 11.6% 12.7% 14.3% 7.7%
KLX Energy Services 25 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other charges. (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Rocky Mountains operating (loss) income $ (0.8) $ 4.0 $ 11.7 $ 12.4 $ 9.8 $ 11.9 $ 17.7 $ 6.7 $ (1.2) $ 10.5 $ 9.7 $ 4.7 $ (0.2) $ 3.3 $ 1.8 $ 0.8 $ (3.8) One-time costs (1) 0.1 0.1 0.3 — — — — — — — — — — 0.5 0.1 — — Adjusted operating (loss) income (0.7) 4.1 12.0 12.4 9.8 11.9 17.7 6.7 (1.2) 10.5 9.7 4.7 (0.2) 3.8 1.9 0.8 (3.8) Depreciation and amortization expense 5.4 5.2 5.3 5.5 5.7 5.1 5.6 6.0 6.6 6.7 6.9 7.1 6.8 6.5 6.1 6.1 5.9 Non-cash compensation — — — — — — — — — — — — 0.1 0.1 0.1 — — Rocky Mountains Adjusted EBITDA $ 4.7 $ 9.3 $ 17.3 $ 17.9 $ 15.5 $ 17.0 $ 23.3 $ 12.7 $ 5.4 $ 17.2 $ 16.6 $ 11.8 $ 6.7 $ 10.4 $ 8.1 $ 6.9 $ 2.1
KLX Energy Services 26 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other charges. (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Southwest operating (loss) income $ (0.4) $ 2.0 $ 5.2 $ 7.7 $ 4.8 $ 8.1 $ 4.8 $ 1.7 $ (0.7) $ 2.6 $ 0.7 $ 1.1 $ 3.0 $ (1.7) $ (3.4) $ (1.6) $ (3.4) One-time costs (1) 0.1 (0.2) 0.4 0.1 — — 0.2 0.3 — 0.4 0.2 0.3 0.3 0.5 0.1 0.2 0.1 Adjusted operating (loss) income (0.3) 1.8 5.6 7.8 4.8 8.1 5.0 2.0 (0.7) 3.0 0.9 1.4 3.3 (1.2) (3.3) (1.4) (3.3) Depreciation and amortization expense 4.5 4.6 4.6 4.6 5.4 6.7 6.8 6.8 7.4 7.4 7.8 8.2 8.3 8.4 8.4 8.2 7.9 Non-cash compensation — — — — — — — — — — — — 0.1 — — — — Southwest Adjusted EBITDA $ 4.2 $ 6.4 $ 10.2 $ 12.4 $ 10.2 $ 14.8 $ 11.8 $ 8.8 $ 6.7 $ 10.4 $ 8.7 $ 9.6 $ 11.7 $ 7.2 $ 5.1 $ 6.8 $ 4.6
KLX Energy Services 27 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other charges. (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Northeast/Mid- Con operating (loss) income $ (0.8) $ 7.3 $ 17.2 $ 15.4 $ 18.7 $ 12.6 $ 5.2 $ 4.1 $ 2.4 $ (2.5) $ 2.0 $ 0.3 $ (8.1) $ (1.3) $ 6.6 $ 6.5 $ 3.0 One-time costs (1) 0.1 0.1 — 0.1 — — — 0.1 0.3 0.2 — 0.1 1.8 0.1 (0.4) 0.1 — Adjusted operating (loss) income (0.7) 7.4 17.2 15.5 18.7 12.6 5.2 4.2 2.7 (2.3) 2.0 0.4 (6.3) (1.2) 6.2 6.6 3.0 Depreciation and amortization expense 3.4 3.6 4.0 4.2 5.0 5.4 6.1 6.4 7.4 8.6 8.9 9.3 9.0 8.4 8.3 8.5 7.9 Non-cash compensation — 0.1 0.1 — — — 0.1 0.1 0.1 0.1 — 0.1 — — — — — Northeast/Mid- Con Adjusted EBITDA $ 2.7 $ 11.1 $ 21.3 $ 19.7 $ 23.7 $ 18.0 $ 11.4 $ 10.7 $ 10.2 $ 6.4 $ 10.9 $ 9.8 $ 2.7 $ 7.2 $ 14.5 $ 15.1 $ 10.9
KLX Energy Services 28 Segment Operating (Loss) Income Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Rocky Mountains Operating (loss) income $ (0.8) $ 4.0 $ 11.7 $ 12.4 $ 9.8 $ 11.9 $ 17.7 $ 6.7 $ (1.2) $ 10.5 $ 9.7 $ 4.7 $ (0.2) $ 3.3 $ 1.8 $ 0.8 $ (3.8) Revenue 43.3 53.1 66.5 66.1 67.9 66.4 77.0 60.0 45.6 61.4 67.9 54.0 47.8 54.1 50.8 46.3 38.6 Segment operating (loss) income margin percentage (1.8)% 7.5% 17.6% 18.8% 14.4% 17.9% 23.0% 11.2% (2.6)% 17.1% 14.3% 8.7% (0.4)% 6.1% 3.5% 1.7% (9.8)% Southwest Operating (loss) income (0.4) 2.0 5.2 7.7 4.8 8.1 4.8 1.7 (0.7) 2.6 0.7 1.1 3.0 (1.7) (3.4) (1.6) (3.4) Revenue 51.9 60.0 68.5 74.8 73.4 86.3 77.8 67.3 69.4 69.9 68.6 61.4 65.2 58.8 56.6 50.9 53.6 Segment operating (loss) income margin percentage (0.8)% 3.3% 7.6% 10.3% 6.5% 9.4% 6.2% 2.5% (1.0)% 3.7% 1.0% 1.8% 4.6% (2.9)% (6.0)% (3.1)% (6.3)% Northeast/Mid-Con Operating (loss) income (0.8) 7.3 17.2 15.4 18.7 12.6 5.2 4.1 2.4 (2.5) 2.0 0.3 (8.1) (1.3) 6.6 6.5 3.0 Revenue 57.1 71.3 86.6 82.4 98.3 81.3 65.8 66.9 59.7 48.9 52.4 50.1 41.0 46.1 59.3 59.6 52.5 Segment operating (loss) income margin percentage (1.4)% 10.2% 19.9% 18.7% 19.0% 15.5% 7.9% 6.1% 4.0% (5.1)% 3.8% 0.6% (19.8)% (2.8)% 11.1% 10.9% 5.7%
KLX Energy Services 29 Segment Adjusted EBITDA Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Rocky Mountains Adjusted EBITDA $ 4.7 $ 9.3 $ 17.3 $ 17.9 $ 15.5 $ 17.0 $ 23.3 $ 12.7 $ 5.4 $ 17.2 $ 16.6 $ 11.8 $ 6.7 $ 10.4 $ 8.1 $ 6.9 $ 2.1 Revenue 43.3 53.1 66.5 66.1 67.9 66.4 77.0 60.0 45.6 61.4 67.9 54.0 47.8 54.1 50.8 46.3 38.6 Adjusted EBITDA Margin Percentage 10.9% 17.5% 26.0% 27.1% 22.8% 25.6% 30.3% 21.2% 11.8% 28.0% 24.4% 21.9% 14.0% 19.2% 15.9% 14.9% 5.4% Southwest Adjusted EBITDA 4.2 6.4 10.2 12.4 10.2 14.8 11.8 8.8 6.7 10.4 8.7 9.6 11.7 7.2 5.1 6.8 4.6 Revenue 51.9 60.0 68.5 74.8 73.4 86.3 77.8 67.3 69.4 69.9 68.6 61.4 65.2 58.8 56.6 50.9 53.6 Adjusted EBITDA Margin Percentage 8.1% 10.7% 14.9% 16.6% 13.9% 17.1% 15.2% 13.1% 9.7% 14.9% 12.7% 15.6% 17.9% 12.2% 9.0% 13.4% 8.6% Northeast/Mid-Con Adjusted EBITDA 2.7 11.1 21.3 19.7 23.7 18.0 11.4 10.7 10.2 6.4 10.9 9.8 2.7 7.2 14.5 15.1 10.9 Revenue 57.1 71.3 86.6 82.4 98.3 81.3 65.8 66.9 59.7 48.9 52.4 50.1 41.0 46.1 59.3 59.6 52.5 Adjusted EBITDA Margin Percentage 4.7% 15.6% 24.6% 23.9% 24.1% 22.1% 17.3% 16.0% 17.1% 13.1% 20.8% 19.6% 6.6% 15.6% 24.5% 25.3% 20.8%
KLX Energy Services 30 Adjusted SG&A Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Adjusted selling, general and administrative expenses $14.3 $15.9 $17.1 $19.4 $20.2 $20.7 $17.5 $19.0 $18.7 $17.1 $18.6 $15.8 $16.5 $15.1 $14.8 $12.5 $10.8 Revenue 152.3 184.4 221.6 223.3 239.6 234.0 220.6 194.2 174.7 180.2 188.9 165.5 154.0 159.0 166.7 156.8 144.7 Adjusted SG&A Margin Percentage 9.4 % 8.6 % 7.7 % 8.7 % 8.4 % 8.8 % 7.9 % 9.8 % 10.7 % 9.5 % 9.9 % 9.5 % 10.7 % 9.5 % 8.9 % 8.0 % 7.5 %
KLX Energy Services 31 Annualized Quarterly (LQA) Adjusted EBITDA Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Adjusted EBITDA $ 4.9 $ 17.4 $ 37.1 $ 37.3 $ 38.2 $ 39.7 $ 36.7 $ 23.0 $ 12.0 $ 27.0 $ 27.8 $ 22.7 $ 13.8 $ 18.5 $ 21.1 $ 22.5 $ 11.1 Multiplied by four quarters 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 Annualized Quarterly Adjusted EBITDA $ 19.6 $ 69.6 $ 148.4 $ 149.2 $ 152.8 $ 158.8 $ 146.8 $ 92.0 $ 48.0 $ 108.0 $ 111.2 $ 90.8 $ 55.2 $ 74.0 $ 84.4 $ 90.0 $ 44.4
KLX Energy Services 32 Free Cash Flow Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Net cash flow (used in) provided by operating activities $ (6.2) $ (8.4) $ 18.5 $ 11.8 $ (8.6) $ 60.0 $ 25.6 $ 38.6 $ (10.8) $ 22.2 $ 16.8 $ 26.0 $ (37.6) $ 19.1 $ 13.5 $ 12.5 $ 0.3 Capital expenditures (5.8) (7.8) (12.5) (9.5) (10.3) (16.2) (17.8) (12.8) (13.5) (15.3) (21.0) (15.3) (15.0) (12.7) (12.0) (9.4) (8.7) Proceeds from sale of property and equipment 2.6 3.9 5.3 5.1 5.0 3.5 4.8 3.0 3.3 3.3 2.6 4.8 4.8 1.6 4.2 5.6 3.4 Pro forma adjustment for Q1 2025 — — — — — — — — — — — — 33.0 — — — — Levered Free Cash Flow (9.4) (12.3) 11.3 7.4 (13.9) 47.3 12.6 28.8 (21.0) 10.2 (1.6) 15.5 (14.8) 8.0 5.7 8.7 (5.0) Add: Cash interest expense, net 8.3 8.7 9.0 9.0 9.3 8.5 9.1 8.4 8.9 9.2 9.1 9.7 9.4 3.9 5.1 6.7 3.6 Unlevered Free Cash Flow $ (1.1) $ (3.6) $ 20.3 $ 16.4 $ (4.6) $ 55.8 $ 21.7 $ 37.2 $ (12.1) $ 19.4 $ 7.5 $ 25.2 $ (5.4) $ 11.9 $ 10.8 $ 15.4 $ (1.4)
FAQ
What were KLXE’s key Q1 2026 financial results?
KLX Energy Services reported Q1 2026 revenue of $145 million and Adjusted EBITDA of about $11 million, with an Adjusted EBITDA margin near the high-single digits. Revenue declined 6% year over year, and the company remained in a consolidated net loss position.
What guidance did KLXE provide for Q2 2026?
KLX Energy Services guided Q2 2026 revenue to $162–$172 million and expects Adjusted EBITDA margin to expand sequentially. Management attributes the improvement to higher activity levels and better overhead absorption compared with Q1 2026 performance.
How leveraged is KLXE based on the Q1 2026 presentation?
As of Q1 2026, KLX Energy Services reported $276 million of total debt and about $270 million of net debt, with liquidity of $48 million. Last-twelve‑month Adjusted EBITDA was $73 million, and Moody’s assigned a Caa1 credit rating.
What were KLXE’s last-twelve-month results highlighted in the deck?
The presentation shows last-twelve‑month revenue of $627 million, last-twelve‑month net loss of $73 million, and last-twelve‑month Adjusted EBITDA of $73 million. These figures reflect operating performance through Q1 2026 and underpin valuation and leverage metrics discussed.
How diversified is KLXE’s business by segment in Q1 2026?
In Q1 2026, KLX Energy Services’ revenue was split across Rockies, Southwest, and Northeast/Mid-Con segments with quarterly revenue of $39 million, $54 million, and $52 million, respectively. This mix supports a broad U.S. onshore presence across key oil and gas basins.
What non-GAAP measures does KLXE emphasize in its Q1 2026 materials?
KLX Energy Services highlights Adjusted EBITDA, Adjusted EBITDA margin, levered and unlevered free cash flow, Net Debt, Adjusted SG&A margin, and various segment margins. The presentation provides detailed reconciliations from GAAP figures to these metrics for transparency.