News & Events zu KLX Energy Services Holdings Inc (KLXE)KLXEKLX Energy Services Holdings Inc

KLX Raises Q3 Revenue Guidance to $180M-$185M

Estimated Q3 revenue range is now $180M$185M, representing a 9% sequential revenue improvement over the second quarter of 2026. Estimated Q3 adjusted EBITDA margin range is 13% to 14%, representing an approximately 200 basis point sequential adjusted EBITDA Margin improvement over second quarter of 2026. Chris Baker, KLX President and Chief Executive Officer, stated, "Based on our quarter to date internal financials, we are very pleased with our performance thus far in the third quarter. Looking at our current internal forecast, we are narrowing our third quarter revenue guidance to a range of $180 million to $185 million. At the revised midpoint, we expect revenue will increase approximately 9% sequentially over the second quarter of 2026. We expect Adjusted EBITDA to improve by approximately 30% at the midpoint of the guidance range and Adjusted EBITDA Margin to improve approximately 200 basis points sequentially. We are also benefiting from a full quarter of contribution from the Wolf Pack acquisition, and we remain on track to achieve the $2.5 million annual synergy target announced in August. These updated ranges for the third quarter reinforce our confidence in the earnings trajectory of the business and support the strategic actions we have taken to position KLX for the next phase of growth. Lastly, the offering period for the company's $125 million equity rights offering has ended and we are proud to have achieved the company's objectives. This is a transformational step in the company's strategy to delever and positions KLX to execute on organic and inorganic growth. We sincerely thank our stockholders and creditors for their confidence in the company and we appreciate the broad participation across the investor base including existing and new stockholders, creditors, the board, management and our employees."

KLX Energy Services Announces $125M Rights Offering Nearing Expiration

KLX Energy Services announced that it is nearing the previously announced expiration date for its $125M backstopped rights offering of 5:00 pm, New York City time, on September 23, 2026. As a reminder, each subscription right entitles the holder to purchase 3.885 shares of common stock at a subscription price of $1.49 per share. No holder is entitled to exercise subscription rights to the extent that such exercise would result in such holder, together with its affiliates and any persons acting in concert with such holder, beneficially owning more than 9.995% of the company's outstanding common stock on a pro forma basis after giving effect to such exercise. The subscription rights will continue to trade on The Nasdaq Stock Market LLC under the symbol "KLXER" until the close of trading on the Expiration Date.

KLX Energy Services Approves $125M Rights Offering

KLX Energy Services Holdings announced that the company's board has approved a $125M backstopped rights offering available to all holders of record of the company's common stock. The company intends to use any net cash proceeds it receives in connection with the rights offering up to $31.0M for general corporate purposes, and for any amounts over $31.0M, the company intends to repurchase 2030 Notes at par, which is permitted under the backstop agreement.