Earnings Releases·Nov 10, 2026, 4:12 PM ET

KLX Energy Services — Q3 2026 Earnings Summary

Q3 2026 revenue increased 11% year-over-year to $186 million, while Adjusted EBITDA reached $25 million (13% margin); however, the company reported a consolidated net loss of $(15.5) million and negative levered free cash flow of $(4.1) million.
Management provided Q4 2026 revenue guidance between $172 million and $184 million and projects over $2.5 million in fixed cost synergies from the WolfPack acquisition within the next twelve months.
A pro forma capital structure transaction reduced the Net Debt multiple from 4.1x to 1.91x and lowered the annual cash interest burden from $36 million to $23 million, with ownership shifting to 56.1% held by backstopping noteholders.
The WolfPack acquisition, completed for $17 million, adds approximately 350 accommodation trailers and expands geographic presence in key basins, supporting a strategy focused on de-leveraging and consolidation.