Here are the 8-K filings 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.
An 8-K covers material events a company has to report between its quarterly 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 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.
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. completed its subscription rights offering on September 29, 2026: 24,975,001 common shares were purchased at $1.49 per share, generating $37.2 million in gross proceeds to the company. KLX expects to use $31.0 million for general corporate purposes, including fees and expenses, and $6.2 million to redeem 2030 Notes at par plus accrued and unpaid interest. The Backstop Exchange will issue 59,273,445 shares to noteholders; the combined redemptions and exchange will reduce 2030 Notes principal by $94.0 million. KLX expects 105,677,168 common shares issued and outstanding after both transactions.
The amended indenture sets the total net leverage maintenance covenant at 4.50:1.00 beginning with the fiscal quarter ending September 30, 2026, stepping down to 3.00:1.00 for the quarter ending June 30, 2029. It raises the additional-debt incurrence test from 2.50:1.00 to 3.00:1.00, increases the purchase-money and capital-lease debt basket from $75.0 million to $85.0 million, and reduces the make-whole premium from 102% to 101%.
KLX Energy Services Holdings, Inc. (KLXE) updated its third-quarter 2026 outlook, guiding to revenue of $180 million to $185 million and an Adjusted EBITDA margin of 13% to 14%. At the midpoint, management expects revenue to increase approximately 9% sequentially, Adjusted EBITDA to improve approximately 30%, and Adjusted EBITDA margin to rise approximately 200 basis points sequentially. Quarter-end closing procedures remain incomplete, and KLX plans to discuss complete results in November 2026.
The subscription rights offering expired September 23, 2026, with 24,975,001 shares expected to be issued at $1.49 per share for $37.2 million in gross proceeds. KLX expects to use $31.0 million for general corporate purposes, including offering fees and expenses, and $6.2 million to redeem 2030 Notes at par plus accrued and unpaid interest. The Backstop Exchange is expected to reduce 2030 Notes principal by $94.0 million and issue approximately 59.3 million shares to backstop parties; after both transactions, KLX expects approximately 105.7 million shares issued and outstanding. Distribution is expected on or about September 29, 2026, subject to customary closing conditions.
KLX Energy Services Holdings, Inc. adopted a limited-duration stockholder rights plan effective September 23, 2026, and declared a dividend of one right for each outstanding common share held of record at the close of business October 5, 2026. Each right initially allows its holder to purchase one one-thousandth of a Series A Junior Participating Preferred share for $9.00, subject to adjustment. Rights generally become exercisable when a person or group reaches 10% ownership; a holder already at 10% or more generally also triggers the plan by acquiring one or more additional shares. Rights held by an Acquiring Person become void.
Rights expire September 23, 2027, unless earlier redeemed, exchanged or terminated. The Board said it intends to submit any extension beyond the initial term to stockholders for a vote. Separately, KLXE’s $125 million backstopped equity rights offering expired at 5:00 p.m. New York City time on September 23, 2026. Basic subscription rights covered 3.885 shares at $1.49 per whole share, subject to a 9.995% post-exercise ownership limit for eligible holders other than backstop parties. Backstop parties committed $94.0 million; after completion, the company expects the outstanding principal of its 2030 Notes to decline by $94.0 million through note exchanges and redemptions from excess proceeds.
KLX Energy Services Holdings, Inc. (KLXE) announced that its previously launched, $125 million backstopped rights offering is nearing expiration, with subscription rights scheduled to expire at 5:00 p.m. New York City time on September 23, 2026. Each subscription right entitles the holder to purchase 3.885 shares of common stock at a subscription price of $1.49 per share, under a rights offering made pursuant to an effective shelf registration statement on Form S-3 and a related prospectus supplement.
The company states that subscription rights will expire and have no value if not exercised before the expiration time. The subscription rights trade on Nasdaq under the symbol KLXER and will continue to do so until the close of trading on the Expiration Date. A 9.995% beneficial ownership cap applies to exercises by any holder and its affiliates, other than specified backstop parties. KLX also notes it may extend, amend or terminate the rights offering subject to conditions, and directs investors to the prospectus and its information agent, InvestorCom, for further details.
KLX Energy Services Holdings, Inc. (ticker KLXE) has commenced a transferable rights offering to subscribe for up to 83,876,809 shares of common stock pursuant to its effective Form S-3 shelf registration. Each holder of record of common stock or participating warrants as of 5:00 p.m. New York City time on August 21, 2026 receives one subscription right per share (or share underlying a participating warrant), and each right permits the purchase of 3.885 shares at a subscription price of $1.49 per share. The rights, trading on Nasdaq as KLXER, are transferable and are expected to trade from August 24, 2026 until market close on the Expiration Date. The offering is scheduled to expire at 5:00 p.m. New York City time on September 23, 2026, unless extended. Eligible holders who fully exercise their basic rights may request additional shares through an over-subscription privilege, subject to proration and a 9.995% beneficial ownership cap (8,505,443 shares per holder on a pro forma basis). KLX intends to use up to $31.0 million of gross proceeds for offering fees and general corporate purposes, and any proceeds above that amount to repurchase its 2030 Notes at par plus accrued and unpaid interest.
KLX Energy Services Holdings, Inc. (KLXE) reports unaudited pro forma condensed combined financial information reflecting its June 2, 2026 acquisition of certain assets of Wolf Pack Rentals, LLC for total preliminary consideration of $16.9 million. The price includes $14.1 million paid at closing, two deferred payments of $1.5 million each (net present value $2.7 million) payable in cash or common stock at KLX’s discretion, and an estimated $0.1 million post‑closing adjustment.
On a pro forma basis for the six months ended June 30, 2026, combined revenues are $329.0 million and the net loss is $40.7 million, compared with KLX standalone net loss of $32.4 million. The pro forma operating loss is $15.8 million. The purchase price allocation indicates identifiable assets exceeding consideration, generating a preliminary $6.5 million bargain purchase gain under ASC 805; this gain is eliminated in the pro forma statement because it would have been recorded in a prior period under the pro forma timing assumption.
The pro forma statement incorporates transaction accounting adjustments, including revised depreciation and amortization based on fair values, lease expense remeasurement, elimination of Wolf Pack’s historical interest and recognition of incremental interest on KLX borrowings, and related tax effects at a 26% blended statutory rate. KLX expects to finalize the purchase price allocation analysis by the second quarter of 2027. Weighted average basic and diluted shares in the pro forma presentation are 20.0 million, with potential shares from deferred consideration excluded as anti‑dilutive.
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, 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. reported first quarter 2026 revenue of $144.7 million, down 6% from the prior year’s first quarter, and a net loss of $24.0 million, or $(1.23) per diluted share. Adjusted EBITDA was $11.1 million, giving an Adjusted EBITDA margin of 7.7%, compared with 9.0% a year earlier, and consolidated net loss margin was 16.6%.
By segment, revenue was $38.6 million in Rocky Mountains, $53.6 million in Southwest and $52.5 million in Northeast/Mid-Con, with Northeast/Mid-Con showing a 28.0% year-over-year revenue increase and strong margin improvement. Total liquidity as of March 31, 2026 was $47.7 million, including $5.6 million of cash. The company forecasts second quarter 2026 revenue of $162–$172 million, with a midpoint of $167 million, and expects sequential Adjusted EBITDA margin expansion driven by higher activity.
KLX Energy Services Holdings, Inc. reported the final results from its 2026 Annual Meeting of Stockholders held on May 6, 2026. There were 19,668,752 shares issued, outstanding and entitled to vote as of the March 17, 2026 record date.
Stockholders did not approve declassification of the Board of Directors or the elimination of supermajority voting requirements to amend the bylaws or certificate of incorporation, each of which required an affirmative vote of 66 2/3% in voting power of the outstanding voting stock. Two Class II director nominees, John T. Collins and Danielle E. Hunter, were elected to serve until the 2029 Annual Meeting.
On a non-binding, advisory basis, stockholders approved the compensation of the company’s named executive officers. Stockholders also ratified the selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm. No other matters were submitted for stockholder action at the meeting.
KLX Energy Services Holdings, Inc. furnished an investor presentation outlining recent performance and near-term expectations. For Q4 2025, the company reported revenue of $157 million, down sequentially due to normal seasonality, and Adjusted EBITDA of $23 million, with a 14% Adjusted EBITDA margin.
The presentation highlights last-twelve-month revenue of $637 million, last-twelve-month Adjusted EBITDA of $76 million, and a last-twelve-month net loss of $77 million. KLX ended Q4 2025 with total debt of $258 million, Net Debt of $253 million, liquidity of $56 million, and cash of $6 million. Q1 2026 revenue guidance is $145–$150 million.
KLX Energy Services Holdings, Inc. reported weaker 2025 results, with full‑year revenue of $636.6 million versus $709.3 million in 2024 and a net loss of $77.1 million, or $(4.12) per share. Adjusted EBITDA was $76.1 million, giving a 12.0% Adjusted EBITDA margin.
Fourth quarter 2025 revenue was $156.8 million and net loss was $15.0 million, while Adjusted EBITDA reached $22.5 million with a 14.3% margin. The Northeast/Mid-Con segment delivered the strongest profitability with a 25.3% Adjusted EBITDA margin.
Liquidity at December 31, 2025 totaled $56.3 million, including $5.7 million of cash, against total debt of $258.3 million and Net Debt of $252.6 million. On March 6 and 11, 2026, KLX amended its 2030 Senior Notes indenture to obtain financial covenant relief and issued warrants to noteholders to purchase up to 803,712 common shares at $0.01 per share, expiring five years from issuance.
KLX Energy Services Holdings (KLXE) furnished an investor presentation on a Form 8-K. The company provided the slide deck as Exhibit 99.1, incorporating it by reference into Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
The presentation may be used in discussions with analysts and investors and has been posted on the company’s website at https://investor.klx.com/events-and-presentations. The materials are furnished, not filed, meaning they are not subject to liability under Section 18 of the Exchange Act and are not automatically incorporated into Securities Act filings unless specifically referenced.
KLX’s common stock trades on the Nasdaq Global Select Market under the symbol KLXE.
KLX Energy Services Holdings, Inc. filed a current report to furnish a press release announcing its financial results for the third quarter ended September 30, 2025. The company states that the press release, dated November 5, 2025 and included as Exhibit 99.1, presents its results of operations and financial condition for that quarter.
The company also clarifies that this information is being furnished under specific securities law provisions and will not be treated as filed or automatically incorporated into other securities law filings unless specifically referenced.
KLX Energy Services Holdings, Inc. furnished an investor presentation that it may use in meetings with analysts and investors. The presentation has also been posted on the company’s investor relations website under events and presentations.
The materials are provided as supplemental information on the company’s operations and financial condition and are designated as "furnished" rather than "filed" under securities laws, which limits their use in certain legal contexts and prevents them from being automatically incorporated into other securities offerings unless specifically referenced.