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. (KLXE) has a new Schedule 13D filing from Steel Partners–affiliated entities, which report beneficial ownership of 1,907,172 shares of common stock, or 8.9% of the 21,428,722 shares outstanding as of August 21, 2026.
The shares, held directly by SP Strategic Holdings LLC and indirectly by related Steel Partners entities, were acquired for an aggregate purchase price of approximately $2.92 million. In connection with KLXE’s transferable rights offering, SP Strategic Holdings holds 1,852,239 rights, allowing purchases at a $1.49 subscription price per share, and the reporting group indicates it views the investment as an attractive, undervalued opportunity and may increase or decrease its position or engage with KLXE’s management and board.
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) is conducting a backstopped rights offering, distributing 21,589,912 transferable subscription rights to purchase up to 83,876,809 shares of common stock at $1.49 per share, for an aggregate offering value of about $125.0 million. Each Eligible Holder as of August 21, 2026 receives one right for each share of common stock (or share underlying specified warrants), and each right allows the holder to buy 3.885 shares, subject to rounding down and a 9.995% ownership cap for non‑backstop investors.
The offering is backstopped by holders of KLXE’s 2030 Notes, who have committed up to $94.0 million via an exchange of notes for equity, subject to a 30% fully diluted ownership cap. KLXE plans to use up to $31.0 million of cash proceeds for fees and general corporate purposes and any additional cash proceeds to redeem 2030 Notes at par plus accrued interest, so total 2030 Notes principal is expected to decline by $94.0 million through a combination of note redemptions and the backstop exchange. Shares outstanding were 21,428,722 on the record date, and are expected to increase to between 85.1 million and 105.9 million after the transaction.
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. has a group of affiliated investment entities led by CastleKnight Master Fund LP reporting beneficial ownership of 691,727 shares of its common stock. This stake represents 3.5% of the outstanding common stock as of the reporting date.
The shares are held with no sole voting or dispositive power by any reporting person; instead, each reports shared power over all 691,727 shares for both voting and disposition. The filing is a Schedule 13G/A (Amendment No. 2), indicating continued passive ownership below 5% by CastleKnight entities and Aaron Weitman, each of whom disclaims beneficial ownership beyond pecuniary interest.
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.